Chaos Clinic Recap
Here are Al's comments
12:55 I still think this thing could rally. But I'm out of trade times, so I'm done for the day.
Thanks for coming. See you next week. Take a course or two
12:53 pretty tepid; won't go down, won't go up
12:43 stopped for -1.25
12:40 stuck in the mud-if my stop is hit it's no big deal
12:29 I have placed a Fractal of Pi chart in the Certified Chaos Trader's Room. That room is open
to graduates of my 4 main courses. See http://moneytide.com -> Courses for details.
12:23 pretty gritchy
12:12 this trade is working, so I'm going to carry it through the 12:10 trade time
12:04 stop to 1307
12:03 interesting-note minor lows at 9,10,11,and 12 o'clock
11:52 I'm back-not much happend-trade still look OK ; stop to 1306.25, 1 point under last minor low
11:33 taking a breakfast break-stop is in
11:19 bought 1308.25 stop 1305.25
11:17 about to get a buy on the 20/110 -watching for a good entry price
11:12 up to the 110, which is curling up
11:09 this move may have been caught by Al's Black Swan cycle-I posted a chart in the AUX page
if a move "sticks" to the Black Swan cycle, it can create a good move
11:04 higher minor low-still no good 20/110 signal
10:46 at Tide Time, turning up, but have a ways to go to get a 20/110 buy signal
10:42 now getting a resonant hex pattern-see the tutorial on hex patterns and Hex Wheels today, right side of ListOfCharts page
10:40 on 2 day chart we are seeing a triple bottom if it holds; a lot of trading programs are designed to buy triple bottoms
10:26 there was a good 20/110 sell there, but I did not take it because of the 1-2-3-4 pattern
10:22 testing yesterday's low area which got support on the Jupiter +J090 electric field flux
10:09 I want to see how we come out of the Tide Time. It is very common on Fridays to have an early head fake.
10:06 these spike moves are due to the high frequency computer trading - I try not to react to them
10:01 on the MTRainbow chart, this looks like move 4 of 7 in an up Chaos Clamshell. Nice recovery back to the 440
9:56 the consumer sentiment report created a sharp drop. Watching to see if prices recover.
9:51 on the MTRainbow chart, the 110 and 440 EXMAs are together, so I'm watching for a divergence.
9:34 market up from yesterday. Trade times are 10:46 and 12:10 . So I'll be looking for a dip
near the first trade time.
9:00 Good morning from Chaos Manor
Besides the comments made by Al, the chat room is has live
comments from other traders who sometimes share their views,
trades and tips. Below are the chat room comments from this clinic
7/15/2011 10:05:56 AM MT RAH****:: My SL got taken out just before it rocketed, really annoying!
7/15/2011 10:00:09 AM MT srj****:: Ok thanks, now I see.
7/15/2011 9:56:08 AM MT Al****:: 1-2-3-4 is on any two day chart, such as the MTRainbow
7/15/2011 9:54:51 AM MT srj****:: Hi Rup, for Al or you - just trying to get my bearings right for start of the 1 to correctly understand the comments here
7/15/2011 9:47:53 AM MT RAH****:: Was that last post for me? I'm using the normal 8 hour 8.15 - 16.15 3min chart.
7/15/2011 9:29:13 AM MT srj****:: Re comment about 1-2-3-4 - what time frame are you looking at - the 6 hour cycle? (Start 1 at ~9:30AM)?
7/15/2011 9:23:32 AM MT RAH****:: Al I was thinking of the "sell" after that, what turned out to be the higher minor low.... to start with I thought it was a continuation sell, but maybe it didn't go down far enough to prove it was a sell?
7/15/2011 9:14:49 AM MT Al****:: RAH-as I explained, I didn't take it because of the 1-2-3-4 pattern. It would have been OK to take it, but you needed to cover properly.
7/15/2011 9:09:44 AM MT RAH****:: why would you not have gone for a continuation sell a couple of min ago? At the time there looked like quite a lot of momentum going down, both 110 & 440 down.
7/15/2011 8:10:50 AM MT DvE:: Hi - just a test - I don't see any chat after 9:00 EST
7/15/2011 7:22:52 AM MT EOE:: GM everyone. its a beautiful morning. TGIF. good luck.
7/15/2011 7:18:51 AM MT srj****:: GM all - (also checking if messages are getting through)
9:00 Eastern-System: No comments
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