Yes You Can... Cash In On Chaos!

Chaos Clinic Recap

Here are Al's comments
2:05 now I'm done. The S&P can go do whatever it wants. I'm heading for the Rockies. Thanks for coming. See you next week. Take a course.
2:01 there may be more, but still under yesterday's high, and can fail any time
1:59 covered for +5.5
1:56 stop 1129-testing high of day
1:52 stop 1128.5-make a bit
1:50 stop 1128-break even
1:49 stop 1127
1:45 stop 1126
1:44 stop 1125
1:42 OK, buying 1128 stop 1123
1:37 trading both sides of 110-watching
1:35 hugh top wick on that candle
1:33 getting a bit of buying
1:27 retrace only about 1/3 of range; so market has held up; the question is, can it get enough volume to rally?
1:25 in trade window, but not much juice
1:12 one thing to watch is how many 3 minute candels are in a swing, and whether or not that swing really made any progress
here we see a 3 candle 8+ point rally, then a 6 candle 9+ point decline, now in a little rally-no real progress
1:00 this is a great weekend for the New York traders to take off early and drive up through throug New England to see the fall colors
12:55 first high was about this price-3 hours ago-trade is flat
12:50 about a 7 minute 3 minute candle - big top wick - noise level is high
12:47 interesting little blip-came on the little vertical "jerk" in the MoonTides
12:45 one of the most important lessons to learn is when not to trade; when the volatility dies off, the odds of a good trade drop sharply
12:30 the 440 EXMA is only slighty up, so momentum is waning. Reduced MoonTide swings suggested this
12:25 looks to me like the rest of the day just congests
12:16 at the second Tide time, not a trade time; looks like high on red -Tide; saw green +Tide until 10:00, then inverted to low on red -Tide, so getting mixed Tides
12:10 still almost two hours until next trade time - high up 980 degrees from equinox price of 1116=180 degrees
yesterday's highs were a tad higher
12:08 I'm back- took Scamp and Scout for a walk in the park on a beautiful Colorado day
11:22 taking a breakfast break
11:11 there was a little more in that trade, but that often happens-what matters is what you bank, not what you see and dream could have been yours
11:06 stalled at the Chiron/Neptune electric field flux, which has stopped swings on the 2 day chart
10:57 on the ASTRO charts the flux lines and timelines are marked with leeters, ususally the first leter of the planet,
but 3 are different-T is The moon, R is maRs, and O is the nOde
10:52 even in volatile times, I take any 9 I get because the risks are higher and the counterswings can take it all back
10:50 out for +9; just fine; pour the wine
10:48 stop to 1120, break even, and cover target 1129
10:47 stop to 1118
10:45 stop to 1117-limit risk to 3 points
10:42 certainly not any easy day for trading
10:37 still very choppy ; trade OK so far
10:32 so far OK-what I was looking for was a chance to get in on a dip with a reasonable stop
10:30 EXMA's take time to react-the 110 turned up and the 20 gave a continuation buy
10:27 putting sell stop at 1116, bought 1120
10:26 at Tide time-20 still above 110-watching for any juice on a rally
10:23 so far today I see a rally with about a 50% retrace inside yesterday's range
10:21 110 EXAM has curled over-no clear setup right now
10:15 possible continuation buy setting up; stop could go at 1117.75
10:13 trading inside yesterday's afternoon range-still congesting
10:10 any buy could use a stop at 118, below the 110 EXMA
10:06 the 110 EXMA is up, but 440 is flat to down, so not much "flow"; 20 EXMA well above 110, so not a sell setup
10:02 I want to see how we come out of this Tide time; I was reluctant to buy because of the choppy conditions
10:00 made it above the 440 EXMA but settling back on it
9:55 tracking the green +Tide so far
9:52 a sell stop would have to go under 1114, so risk is high
9:49 buying now would not give a good entry price, so I'll wait and look for a dip
9:48 9+ point pop in few minutes-whitewater
9:46 looking bullish-up to the 440 EXMA
9:44 trading around the flux bundle due to Sun, Mercury, Venus, and Saturn
9:39 pretty lackluster so far-110 EXMA is up and 20 EXMA gave a weak continutaion-waiting
9:27 on the MTRAinbow chart all the longer averages are off the chart above, the 440 EXMA is currently down,
and the shorter ones are forming a tangled braid with prices traqding both sides; a congestion -watch for now
9:22 Happy Fall Equinox - the equinoxes usually find prices attracted to 180 or 0 degrees
On the wheel of 72, 1116 is 180 degrees
9:14 today's trade times are 10:26 and 13:43; MoonTide amplitude decreases during day,
suggesting a "hold it up and ponder the situtation" type day
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

9/23/2011 12:11:21 PM MT mm****:: I also bailed when it reached yesterday's H of 1135.50 - also because the MT predict a drop into 14:38, when I probably re-buy - I trust the MT - have been my Guiding Lights for decades !
9/23/2011 12:05:39 PM MT WRB:: Kidding around --- down here when trees are brown in August = dead.
9/23/2011 11:34:29 AM MT mm****:: Only brown is not good enough - it mainly has to be shades of yellow and red.
9/23/2011 11:29:19 AM MT WRB:: You can come down to houston. Since we have not had any real rain since last OCTOBER, our trees turned from green to brown months ago...
9/23/2011 11:23:13 AM MT mm****:: But talking business again: we had THREE 20/110 - crossings in 15 min - how dull can it get!
9/23/2011 11:21:29 AM MT mm****:: Well - northern Maine, next to Canada, is still NE !
9/23/2011 11:20:24 AM MT mm****:: Al - Beats me - people may ask for their money back - LOL !
9/23/2011 11:19:12 AM MT Al****:: MM-then why does Brendan Vacations ( have a Fall colors tour going this week through next week?
9/23/2011 11:16:54 AM MT mm****:: On the other hand: Al - no colorful foliage yet - perhaps in CANADA - here in NE we get it in October - Wall Street still spends the weekends in the Hamptons - still warm here
9/23/2011 11:13:05 AM MT mm****:: Still in AWE at the MT - seeing this little jerk I did not take the 20/110 crossing right away - unless one had a 9pt stop one would have been stopped out !
9/23/2011 10:37:53 AM MT WRB:: Don't bail on us for the next trade Al!!!!
9/23/2011 9:01:06 AM MT Al****:: glad you make it work for you-not easy today
9/23/2011 8:57:57 AM MT WRB:: Great one Al - it is a good feeling when I know to make the trade and tehn see that you make it at the same place
9/23/2011 7:59:59 AM MT skd:: Question: 10:26 trade.. your expecting a Sell? based on tide? also the letter "O" or number zero is their.. what does that mean?
9/23/2011 7:22:46 AM MT WRB:: Good luck to all - hoping for a fun clinic today!
9/23/2011 7:17:44 AM MT Al****:: GM all-good luck today
9/23/2011 6:52:13 AM MT skd:: Hello, Im new here as you can see. looking forward to learning something today. Gluck... ps advise if texting is ok or not for non-members tks.
9/23/2011 4:51:04 AM MT mm****:: gm all - have a great day
9/23/2011 4:38:28 AM MT TG****:: Futures tanking overnight back towards the lows of yesterday. Seems like 10 years ago a bit when the post 9/11 panic dropped into Friday morning 9/21 before putting on a good bear market rally.

9:00 Eastern-System: No comments

Home Up

[ Live Clinics on Friday on ]