Chaos Clinic Recap
Here are Al's comments
2:08 thanks for coming- see you in two weeks - Take a course.
2:07 looks like it was a mistake for me to cover- but I'll not chase it. Time to pack up the camper and head for the High Country
2:05 not much of a decline considering the volatility. After 2:30 may see a short covering rally
2:00 updated my FOP chart in the CCT Room
1:55 I'll hang around to see how we come out of this Tide time
1:51 I also saw that the 20 EXMA has 7 little moves down off the high
1:49 on my 3 minute chart, I saw a doji candle, so I aborted
1:47 don't like it- covered for +.5
1:43 stop 1134-trailing by 3
1:42 looks like on red -Tide; stop 1135.25
1:40 stop 1135.5
1:38 stop to 1136 - not sure I like this one
1:36 stop to 1136.5 -just above 20 minute EXMA
1:35 elected short 1133, moving buy stop to 1137
1:17 I'm taking a breakfast break- putting a buy stop at 1141 and a sell stop at 1133
1:15 into the last trade window; second trade was a pass
1:11 looking bullish
1:02 still stuck in congestion
12:55 20/110 crossed up, watching for some juice
12:39 need to get above aobut 1141.5 to get a break out of the last high
12:37 440 EXMA still resistance
12:35 that grid tells me we may get a rally soon; a stop could go at 1133
12:30 in a congestion like this, I always like to look at the Fractal Grid, from the Chaos Trading Made Easy Course.
I have placed a Fractal Grid chart in the CCT Room
12:25 recent trading is both sides of 110, so I'm just watching
12:16 the market has now held up over 2 1/2 hours. This usually means flat to up the rest of the day
12:07 today we have a cluster of timelines mid day-Sun, Mercury, Venus, Neptune, Chiron - such cluyster often produce congestions
12:03 these are the mid day doldrums - often on a 3 trade day the mid day trade does not work that well
11:55 so far I see rally and a pullback- the 110 and 440 EXMA's are roughly flat, so this is a congestion
11:51 if you have your sound on, you hear a "duck call" announcing a resonant hex pattern-see Hex Wheels Today
right side of ListOfCharts page, and the turorial on Hex Wheels. This one involves just about every planet and the Moon
11:46 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.
11:02 next trade time is 12:44 - I'm going to take a break until near then
10:55 on the MTRainbow chart, the red 880 minute EXMA stalled the rally; now back down to the 440, now support
10:32 I note that today's low was 45 points -1/8 of Wheel of 360 - above the low of the month
10:28 out for another +9
10:26 stop to 1142, just under the 20 EXMA; cover will be 1152
10:22 in volatile markets, I often use this technique of taking 9 , then reentering if it looks like the daily range will be 2x or 3x
10:19 stop 1138.5, just under the 20 EXMA and the 440
10:15 buying again at 1143 stop 1137;
10:13 range for the day is already 20 points-about a normal day's range; yesterday was about 3 times normal
10:10 prices stalled on the 440 EXMA and Moon +T270 flux
10:05 got streaks on the Mercury, Venus, and Sun 45 degree timelines; those 3 planets formed a rising sign this week, a cluster at sunrise
I've noticed rising signs often panic the market; today is diferent is that Mercury rose ahead of Sun and Venus
10:03 out for +9
10:00 had a 20/110 continuation signal-stop to 1131-below the 110 EXMA
9:56 rebought 1132 stop 1128
9:53 this is still a bullish for the day pattern, so I may rebuy; I would have to use a stop at 1128
9:51 these early Friday trades often fail, so I pressed my stop as tight as possible-if it is a good move, it will not
come back throught the 20 EXMA
9:49 out for -1; no follow through
9:45 stop to 1131-just below the 20 EXMA
9:43 now have 20/110 crossing-on MTRainbow chart, the white 440 EXMA is near 1140-it should acty as resistance
9:40 stop to 1129-just under the 110
9:38 pressing a bit-bought 1132 stop 1128-jumped due to sharp curl in the 110
9:35 got abobe the 110 EXMA- watching to see if it turns it up
9:32 low so far on the Moon +T180 electric field flux
9:00 Good morning from Chaos Manor
9:27 today's trade times are 09:31, 12:44, and 14:02-
first is too far below the 110 EXMA for a sell-so I'll watch for a while
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
8/19/2011 12:11:14 PM MT srj****:: (just got in to see the tail end of the clinic) - Have a good trip Al.
8/19/2011 12:10:42 PM MT jpv:: Thank you for the free clinic, Al. Best wishes for your vacation!
8/19/2011 7:25:35 AM MT Al****:: GM all-good luck today
Thanks MM and TG
8/19/2011 6:07:27 AM MT TG****:: Greetings from Singapore. Best of health to you Al and MM.
8/19/2011 4:30:20 AM MT mm****:: Al - I am happy to read that your operation last Monday went OK and that you can go camping again - let's hope for some good volatility for your clinic
8/19/2011 4:28:32 AM MT mm****:: gm all - have a great day
9:00 Eastern-System: No comments
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