Chaos Clinic Recap
Here are Al's comments
16:15 - comments from afternoon were accidently deleted
12:38 very dull - I expect it to stay this way until after the next trade time of 13:41
12:24 posted a Face of Go0d chart in the CCT Room
12:15 posted a Fractal of Pi in the CCT Room
12:02 prices are "being carried" by the Moon-stuck to the T+00 Moon flux; it slopes up, creating a gradual lift
at some point prices will break away from that flux line
11:45 in MTRainbow chart 440 EXMA is flat; I expect buying to get stronger in about an hour
11:31 out -2; now just wait until the next trade time near 13:41; in hindsight my retry was an error
11:27 stop to 983; re-entered based on my Fractal Grid
11:22 rebought 985, stop 982
11:19 out for 0 - gave it all the chance I could, but controlled my loss; loss is all you do control.
11:15 I like the support on the 110 EXMA
11:12 need to be patient-following XTide2Plus well, and Fractal grid looks good
11:07 stuck on the Moon T+00 flux
10:57 stop to 984, break even, just under the 110 EXMA
10:47 moving stop now to 981
10:43 On this trade, with multiple contacts I could have bought 2 at 84, covered one at 86, giving me
more staying power at the expense of ultimate profit.
10:35 I have placed a Fractal Grid (From CTME) chart in the Certified Chaos Trader's Room.
It is open to graduates of my 4 main courses.
10:21 the low came on the Moon T+180 timeline-this is a "2 Moon Day", which can be volatile and one way" until the
second Moon timeline T+90 late in the day
10:16 support was on Sun flux line, and a higher low; if the low holds, it suggests a move up until the Sun timeline at 13:00
10:11 buying 984 stop 976
10:09 I have a down Fractal of Pi on the MTRainbow chart ending near 10:20
10:06 right now prices have traded both sides of the 110 EXMA-saying no trend strength; so wait
10:01 in the trade window; watching for support and a decent buy set up
9:45 DP asked in the chat room about position size/money management. In general, one makes the most money
going for maximum on every contract on every trade. But if you trade multiple contracts, you can take half off
for a small gain, and hold the other half for max. What this does for you is smooth your equity curve.
It increases your winning percentage as well. On occassion you loose maximum on both, which is the downside.
Some traders trade three sets of contracts, taking a small gain on 1/3, a medium gain on 2/3, and letting 1/3 run.
Of course, for each additional contract, you need a more margin. If you are a newbie, just trade one until you
build your ewquity.
9:43 day trend turning up; rest of day looks flat to up
9:33 on the MTRainbow chart, the white 440 minute EXMA is down, so trend of day is down for now. Support
came near the 1760 minute EXMA, so longer term trend remains up
9:26 today's two hotline trades are at 10:39 and 13:41. Hopefully we get enough volatility to make them decent trades
9:20 early drop to the Sun (H)+90 electric field flux line on the Chaos Clinic chart
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
7/31/2009 1:38:20 PM MT Al****:: nice job guys-have a good weekend
7/31/2009 1:34:01 PM MT DP****:: Me too. Done for the day. Have a great weekend everyone.
7/31/2009 1:31:44 PM MT mm****:: I still trust the pit and took my profit at 990.50
7/31/2009 12:54:50 PM MT DP****:: Yep, sure did. One of my basic trading windows has ES, TF (RUT), and NQ (Nasdaq). Conventional wisdom says that TF is the leader. So when I see divergence between it and the others I look for entry based on TF strength or weakness.
7/31/2009 12:48:49 PM MT Al****:: you sure did, DP :)
7/31/2009 12:43:42 PM MT DP****:: Guess I jinxed it.
7/31/2009 12:29:35 PM MT DP****:: New highs being set in the RUT; this is good for longs.
7/31/2009 10:08:33 AM MT TG****:: Hi Al, posted question in CCT chat room.
7/31/2009 8:13:18 AM MT TG****:: seemed like 7 moves down from yesterday's high to today's preoutcry low, and fit a 6 hour FOP reasonably well at times though definitely not standard. Low pivot came at first of two moon timelines.
7/31/2009 7:47:10 AM MT UNI:: GM All
7/31/2009 7:41:42 AM MT DP****:: Al, if you have time could you share your guidelines for position size / management? I always learn from your insight and experience. Thanks for all you do here.
7/31/2009 7:39:35 AM MT DP****:: Good morning all. Dr. Al offers the most consistent predictive products I've seen in 15 years of investing. Welcome to the big show.
7/31/2009 5:27:02 AM MT mm****:: gm all - have a great day
9:00 Eastern-System: No comments
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