Chaos Clinic Recap
Here are Al's comments
4:18 This day is archived for the educational value contained in the comments
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
10/28/2008 2:09:21 PM Mountain Al:: it's been hard to get used to this scale factor, 5 times bigger than what we have seen for years
10/28/2008 2:08:40 PM Mountain acetd:: agreed, held to close and WENT BIG! thanks al
10/28/2008 2:04:09 PM Mountain TG:: as were yours Al and aectd's. I'd have likely covered near pit's 913 if you hadn't mentioned the GO big potential of 935 or 90 from the 11 am low.
10/28/2008 2:00:32 PM Mountain Al:: Great trade TG -your comments were very helpful
10/28/2008 2:00:17 PM Mountain TG:: out 934.75 for -4 on first trade and +79.5 on second. Time to pour the champagne.
10/28/2008 1:59:56 PM Mountain Al:: +66 is, I think, a new single trade record
10/28/2008 1:58:07 PM Mountain Al:: out 935
10/28/2008 1:55:24 PM Mountain TG:: stop 918.25
10/28/2008 1:53:10 PM Mountain TG:: stop 915
10/28/2008 1:49:44 PM Mountain TG:: stop 912.75 sell limit 934.75
10/28/2008 1:49:38 PM Mountain Al:: otherwise, I'll cover at 4:00
10/28/2008 1:44:33 PM Mountain Al:: if we make it to 935, I'll cover-it's the Moon price
10/28/2008 1:44:21 PM Mountain TG:: stop 912.25, up too much to let it go away from me too much.
10/28/2008 1:40:50 PM Mountain TG:: stop at 908.25
10/28/2008 1:35:38 PM Mountain Al:: my stop is now 895, using the 55 EXMA
10/28/2008 1:22:51 PM Mountain TG:: If this should get to 70% efficiecy on QPFE I'll trail prior 3 min bar by 1 point. 80%+ efficiency and will trail recent closing 3 min bar by 2 pts.
10/28/2008 1:20:24 PM Mountain Al:: with the Wheel of 360 scaling, a 90 degree move is 90 points,
whereas it used to be just 18 points with the Wheel of 72 scaling
10/28/2008 1:17:56 PM Mountain TG:: Ok, I'll try to let it run past 910 and see what happens.
10/28/2008 1:16:28 PM Mountain Al:: CTME and New Moon suggest could make 935 -I'm just using GO big rule
10/28/2008 1:12:03 PM Mountain TG:: next pit level is 913. I'll cover at 909.5 should it get there.
10/28/2008 1:01:23 PM Mountain acetd:: mine is plotting 909 not sure why the difference
10/28/2008 12:59:01 PM Mountain TG:: thanks for pointing that out, I have the overnight low as 825, 360 degrees from that on Square of nine is 910.
10/28/2008 12:51:48 PM Mountain acetd:: the prior was 876.50 which held us on an hourly basis for 11 bars
10/28/2008 12:50:47 PM Mountain acetd:: its the 4th or 5th ring up from 825.50 low, it plots on my chart so Im not 100% certain what ring it is
10/28/2008 12:48:50 PM Mountain TG:: acetd, are you using a pivot on the Square of 9 for that target or something else.
10/28/2008 12:45:43 PM Mountain acetd:: next gann resistance level from sq9 is 909 corresponding to TG 910-911 level
10/28/2008 12:45:41 PM Mountain Al:: this just proves that even mules can fly :)
10/28/2008 12:32:57 PM Mountain Al:: LOL: nice trade going TG, joined you at 69 as second holtine trade
10/28/2008 12:28:32 PM Mountain TG:: The FOP I'm using from yesterday's low gives a potential target of 910-911, could get there today but may not get there until Wed morning.
10/28/2008 12:15:27 PM Mountain TG:: likely wood instead of likely would, that's a good one.
10/28/2008 12:14:08 PM Mountain TG:: The stubborn mule that I am, I decided to move my stop back to 55.25 and hold to end of day. Had a good FOP fit that said 59.25 might not hold but 55.25 likely wood if this was really a big up fractal from yesterday's low.
10/28/2008 12:12:11 PM Mountain TG:: move 5 from yesterday's low looks likely to have started in my opinion.
10/28/2008 10:57:31 AM Mountain TG:: locking 4 and hoping this moon vertical line adds some up juice.
10/28/2008 10:43:36 AM Mountain TG:: right at this point there is a battle between a down fractal and up fractal defined by my CTME fractal grids. Less obvious up fractal may win.
10/28/2008 10:22:06 AM Mountain TG:: stop at 55.5
10/28/2008 10:17:48 AM Mountain TG:: bought 55.5 partly on the XGO, partly on the structure of the last few big moves and partly on the timing of what seemed like a corrective higher low near tide turn.
10/28/2008 9:47:35 AM Mountain Al:: just posted XGO chart on aux page - what you do with it is up to you
10/28/2008 9:04:40 AM Mountain Al:: no, the algorithm used by the sofware just did not pick it
it may be a decent one this time-my software tries to select the best ones
10/28/2008 8:59:12 AM Mountain mm:: Al - is it Technocrap that your computer did not pick 12:10 as a Moon Tide CIT ? Looks pretty on the chart
10/28/2008 7:33:01 AM Mountain mm:: Thanks, Al
10/28/2008 7:30:22 AM Mountain Al:: GM all-good luck today. Pivots fixed. Thanks for the catch MM.
My data collection program failed to run properly. Technocrap.
10/28/2008 7:26:54 AM Mountain DP:: GM and good trading.
10/28/2008 5:11:12 AM Mountain mm:: gm all - have a great day - Al: SP1Day has not yet updated
9:00 Eastern-System: No comments
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