Chaos Clinic Recap
Here are Al's comments
2:38 I'm going to pass on the last trade; no juice; See you in 2 weeks; going camping next weekend; take a course
2:30 the pattern on the MTRainbow chart has turned into a Converging Triangle, with apex after the close
2:22 best run of up candles today; looks to me like hold up to the close
2:17 the Black Swan cycle lost its grip
2:12 technique wise, I saw 3 3 minute up candles with bottom wicks, so I got out
2:10 covered for +2; not a lot of juice this afternoon; another trade time coming up
2:04 stop to 1094.25-last minor high; if down, should not touch it again
2:00 stop to 1095
1:58 better; I have indications that Dr. Al's Black Swan cycle has "caught" prices
1:56 still OK; not especially fond of the small candlesticks
1:45 stop to 1098
1:40 the big T-Square sets prices of 1098 , 1080, and 1062; the question is, will we get any volume on a Friday?
1:37 looking good. If this is the larger fractal on the 2 day chart, could get a good move
1:28 held up until passed the sun at solar noon
1:24 posted new FOP chart in CCT Room; suggests down to close
1:20 sold 1094, stop 1099
1:19 stopped out; now wait
1:16 stuck in the mud; fractal grid from CTME course says hold fast
1:05 holding up but not moving at any speed; I think that will change as the afternoon progresses
12:45 buying 1097.25 stop 1094 on continuation buy in second trade window
12:40 Chaotic systems reach balance points. From these the make chaotic moves to new balance points; They can go in either direction
12:40 posted a new FOP chart in the CCT Room;
12:30 now the market has held up long enough to encourage buying; So may be flat or up to close
12:24 covered my FOG t4rade for +2.5-don't like holding in a stall
12:18 coming into the second trade window; flat for now; putting sell stop 1094.5,.5 under last minor low
12:08 fast rally, drop, and hook up looks like the "Hannula Can Opener" pattern -bearish
12:07 lunch time doldrums
11:50 updated my FOP chart in the CCT Room
11:44 the 440 EXMA is now flat. It is the trend of the day, so we may just sit here a while; stop to 1100
11:35 my trade selection software did not pick the 11:33 trade time, but maybe it should have
11:29 if I am right about a bigger fractal, we could make new lows
11:22 not a hotline, but a Face of God type trade, I sold 1099 stop 1102
11:15 posted a Face of God chart in the CCT Room. From the Face of God Course, made with my eMylar overlays
11:03 looks like the rally is stalling on the 2640 EXMA on the MTRAinbow chart
10:53 updated my FOP chart in the CCT room
10:48 now on any two day chart, I see a 1-2-3-4 move W pattern; suggests a larger fractal could be in play
10:46 looks like I could have stayed in. Too focused on typing clinic comments- oh, well, happens
10:35 moved higher, but MTRainbow chart has resistance near 1099-1000
10:30 the Moon T270 timeline was close, which energized the streak
10:28 that move was a "10:00 resonant streak." since we are on daylight time, the Sun is at 13:00, 3 hours or 45 degrees away
10:20 glad I grabbed what I could
10:18 this move is still within my down Fractal of Pi
10:13 finally, this fast move brought prices back up to yesterday's close, closing the "gap down"
10:10 I also did not like the nature of the 3 minute bars-big and choppy; they make me a devout coward
10:05 covering 1095- late entry that I don't trust; the white 440 EXMA on the MTRainbow chart usually is resistance
10:03 bought 1092 stop 1089
10:02 got a 20/110 buy crossing-watching a bit longer
9:59 the next thing I look at is the nature of the 3 minute bars-are they small? medium sized and trending? or big and choppy?
9:55 Then I put a Fractal of Pi overlay on the MTRainbow chart to see how today fits with yesterday.
there is usually some carry over
9:52 The first charts I look at early in the day are the MTRainbow and the SPSunMoonMer charts.
The first gives me the "flow" for the day and the second shows me basic astro stuff
9:47 the 110 EXMA has caught up with the drop; sitting on my hands for now
9:41 Summer Fridays are usually narrow range-about 9 points. I was wondering how that could be true when I saw
yesterday's volatility. Now I see how -big drop overnight, then switch to low volatility :)
9:31 That fractal pattern let me sell late yesterday at 1102 and cover this morning at 1086. Just an example of the
power of using my eMylar overlays. While the hotline trades work over time, there are many other trades available
to those who have the knowledge and the tools.
9:29 I have put a Fractal of Pi chart in the Certified Chaos Trader's Room. That room is open to all who have
taken my 4 main courses. See http://moneytide.com -> Courses for more.
9:15 overnight move has prices far below 110 EXMA. First Trade at 09:31 probably will not give
a good setup. Other trade times are 13:08 and 14:36
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
7/30/2010 12:43:45 PM MT DP****:: Thanks Al. Cheers!
7/30/2010 12:25:57 PM MT Al****:: no, the Black Swan cycle is only for me-my retirement reward.
7/30/2010 12:20:33 PM MT DP****:: Thanks AL. So, this Black Swan cycle, is that something you publish or is available on your site or elsewhere or ... perhaps a celebration of MM's 80th birthday? Cheers!
7/30/2010 12:06:38 PM MT Al****:: means look out below
7/30/2010 12:01:41 PM MT DP****:: What does this mean "I have indications that Dr. Al's Black Swan cycle has "caught" prices"
7/30/2010 7:11:15 AM MT DP****:: GM All; Happy birthday MM!
7/30/2010 7:07:07 AM MT mm****:: gm all - have a great day - just computer problems
7/30/2010 6:52:49 AM MT EOE:: mm must be busy, he's usually the first comment here everyday.
God bless him. 80 years young.
7/30/2010 6:42:19 AM MT Al****:: GM all-good luck today
MM must be hung over from his birthday party :)
Or he's too busy with all his company, many from Europe
7/30/2010 6:25:16 AM MT EOE:: GM everyone. a little break from the heat and humidity this morning. TGIF. good luck.
9:00 Eastern-System: No comments
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