Yes You Can... Cash In On Chaos!

Chaos Clinic Recap

Here are Al's comments
12:37 I think I'm going to call it a day - did my planned trades - thanks for coming-see you next week-take a course
12:36 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 -> Courses for details.
12:32 regular MM may be right about Wall Street heading for the Hamptons :)
12:30 20 EXMA still above 110-I may rebuy if get a continuation setup
12:26 selling came in at the prior high; not very good follow through. I tried to go for more than 5 points but it did not work.
12:24 stopped for +1
12:18 still OK-every trade has to survive the first adverse reaction
12:15 stop OK by one tick so far
12:10 with the Dow up for a second day in a row, and up 180,
the bears should be about to panic
12:03 I'm watching to see if this rally picks up some steam
11:55 stop 1181
11:52 stop 1180; just under the 20 EXMA
11:39 stop 1177; just under 20 EXMA
11:38 OK, bought 1180 stop 1176
11:35 got 20/110 buy crossing, but I want to see some follow through; 4th crossing today
11:30 if you look at the Chaos Clinic chart, at the green +Tide line and the red -Tide line, you see
a MoonTide Fractal Set, where both are evident, but balancing. Their shape looks very much like the famous
Mandelbrot Fractal Set.
11:23 the past three days have looked like a 1-2-3 of the 7 moves in a Chaos Clamshell, making today
move 4. Move 4 is often a confusing congestion
11:10 in second trade window - would like to see some better volatility
11:01 Won't go up, won't go down, Crazy Harry is a clown. He is the conductor of the Stop and Pee train
10:55 this is looking more like a normal dull summer Friday, when I normally go camping.
10:44 now trading both sides of a flat 110-a congestion-stay out
10:31 not much of a dip for such a bad consumer sentiment report
10:25 on the MTRainbow chart, the flow is up, and the white 440 EXMA is up
10:20 My Jude 7 trading system adjusted stops for the current volatiliy and wound up using a 16 point stop.
10:13 in answer to to the question about my initial stop in the chat room-why was it initially 11 and not 5 points?
Because of the increased volatility; daily ranges have been 3 to 4 times normal, meaning
the risks are 3 to 4 times normal; If you are going to try the trade, you have to accept the risk the market is giving you. I just put the stop under the 110 EXMA.
10:11 on the two day chart, I see that we just leveled off in a rally, so waiting until the next trade time looks prudent
10:08 there was a 20/110 sell in there, but I did not take it because I did not see a good entry price
10:05 on the AUX page I placed a chart showing my jude 7 autotrader-it did well the past two days, but just had a 10 point loss this morning.
10:01 consumer sentiment report was not good-tracking red -Tide
9:55 got wacked for -6; in hind sight, should have waited
9:48 rebought 1182 stop 1176
9:44 will rebuy if 20 EXMA turns back up
9:42 really hard near the open, especially on Fridays
9:39 aborting for -5
9:37 stop to 1176; just under 110 EXMA
9:33 taking continuation buy 1184 stop 1173
9:22 market held up overnight-positive; trade times 9:43 and 11:33
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

8/12/2011 10:55:22 AM MT bbb:: thanks Al, for answering my question, it`was only a problem with my connection with ib.
8/12/2011 10:42:57 AM MT jpv:: Thank you for answering my question, Al.
8/12/2011 9:38:01 AM MT mm****:: Wall Street is eager to get to the Hamptons and their Gin and Tonics
8/12/2011 8:15:05 AM MT jpv:: Good morning everyone from Kirkland WA. I have a question about the first trade today. The stop was 11 pts -- 5 pts more than recommended in the Standing Instructions for volatile markets. Am I misunderstanding the instructions? Thank you.
8/12/2011 8:11:07 AM MT srj****:: mm: yea - right next door to me!
8/12/2011 8:01:45 AM MT mm****:: lowest confidence number in 30+ years !
8/12/2011 7:57:04 AM MT mm****:: srj: Amherst, NH
8/12/2011 7:56:39 AM MT mm****:: That was the confidence index
8/12/2011 7:45:25 AM MT srj****:: @mm: Andover, You from these parts?
8/12/2011 7:43:07 AM MT mm****:: srj - where is North of Boston?
8/12/2011 7:27:55 AM MT srj****:: GM all. What a nice day here North of Boston.
8/12/2011 7:21:52 AM MT Al****:: GM all-good luck today
BBB: the stop limit is grayed out on the drop down list in the ES order ticket in the IB TWS so it looks like it is not available - I've had no problems just using their stop order in the eMini
8/12/2011 7:21:17 AM MT EOE:: GM everyone. its a beautiful morning. good luck. TGIF.
8/12/2011 7:14:01 AM MT :: Al - i have to say this is the most amazing stuff i have ever seen. I cannot wait to start taking the classes. Good luck to all.
8/12/2011 6:28:51 AM MT bbb:: Do you know, if interactive brokers service permit stop limits on trades es futures today with great volatility ?
8/12/2011 5:27:33 AM MT mm****:: gm all - have a great day - what a week!

9:00 Eastern-System: No comments

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