Chaos Clinic Recap
Here are Al's comments
3:06 out -4; done for the day; thanks for coming; take a course
3:05 my original inclination was to take Veteran's day off; I should have
3:02 may get stopped
2:38 bought 1263 stop 1259
2:36 looking bullish
2:20 still in congestion mode
2:04 first trade: too much volatility; second trade: too little-oh well
2:00 one trade time left; I will stick around for it just because I'm not doing anything special today
1:57 stopped for -3 ; paid too much, no juice; happens
1:50 slope of 110 EXMA tracking red -Tide; stop to 1261
1:47 this hourly bar is holding a higher low
1:44 when it gets really dull like this, I watch the 1 hour bar patterns-many computer systems use one hour bars
1:35 still OK, but not impressed with the juice yet
1:19 stop to 1259.5; 110 and 440 still up; waiting to be impressed
1:12 the risk is higher trading in a dull market, so using 5 point stop for now
1:08 Ok, taking a stab at it-bought 1264 stop 1259
1:05 have 20/110 buy ; but I'm waiting for some juice
1:03 volatility is good for day traders-had it early, but not now
1:01 trend remains up; a stop on a buy could go at 1259
12:58 very dull; hourly bar just over 3 points
12:54 this little low came passing the Moon/Chiron/Mars/Neptune timeline cluster
12:46 yesterday's low was on the Uranus/Pluto flux pair; now 36 (180 degrees) higher on another Pluto/Uranus flux pair
12:44 on the MTRainbow chart, this looks to be a move 6 of 7 in an up Chaos Clamshell; not anxious to sell
12:39 got 20/110 sell crossing -waiting a bit
12:37 on a big up Friday, it would be unusual to get a big sell off; may get a modest one going into the Tide time
12:34 coming into the trade window-looks like tracking red - Tide -110 has gone flat, 440 near 1252
12:10 I'm back -I see that the market has gone flat
11:15 still nearly two hour until next trade time; going to take abreak for a while
11:07 I have placed a Face of God 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.
10:49 interestingly, the near ES futures opened the year at 1263.5 - so we keep coming back to the open of the year
longer term, once we get above it, I would expect a continuted rally
10:45 yesterday's 3 point quantized range was 1227 to 1245=18 points, 18+1245 = 1263, a 2:1 harmonic
10:37 I don't like watching a good move that did not give me a change for a day trade entry
my consulation is that my position trade accounts are long; but they have to take larger risks
10:31 finally reached 1260, 60 degrees on the Wheel of 360
10:28 officially passing on the first trade; next one is near 13:21
10:26 on any of my harmonically spliced two day charts this is move 5 of 7 in an up Chaos clamshell-move 5 is
usually the best to trade, but it was an overnight move, not a day trade
10:18 sometimes a day trader just has to miss part of an extended move when it does not fit the trading rules
10:05 very minor dip in the 20 EXMA, not enough to get long on
9:52 pulled back from the Node flux price-the Node is a Moon cycle-formed where the Moon's orbitable
plane inter4esets the Sun's oribital plane. Makes sense that it would be hot on full Moon
9:44 up to the Node +O270 electric field flux-on the Chaos Clinc page
9:40 got abouve 1254-hard to just watch here, but no 20/110 signals=no trade
9:35 110 EXMA is tracking the green +Tide, so watching for a high
9:31 outcry session now open-rally continuing, but too late in move for a buy
9:20 1254 is the Moon +T090 electric field flux line;currently trading on the Sun +H270 flux
today is Full Moon. These prices are square the full Moon; see the SPSunMoonMer chart
9:11 opening gap up; today's trades are 09:31, 13:21 and 14:56
first one may not give a good setup; over 6 points above 110 EXMA on SPKiss chart; on MTRainbow chart 440 EXMA is up, but about 12 points down
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
11/11/2011 12:19:04 PM MT klk:: are we not following the green line , what am i missing ?
11/11/2011 11:41:22 AM MT Al****:: you are welcome. I wasn't asking for me. but all the others who have served.
if you want to read some good war stories from my Academy class, check out http://classof1964usafa.org -> public pages
11/11/2011 11:15:06 AM MT BBB****:: By the way - hope you have a good Veteran's Day Al, thank you for your service.
11/11/2011 9:09:38 AM MT Al****:: depends on chart used-could say 7 on a 24 hour chart
11/11/2011 8:51:17 AM MT BBB****:: 7th move or 5th move?
11/11/2011 8:12:57 AM MT Tg****:: yesterday, market seemed like it wanted to expand the rally but kept getting bogged down in all of that overhead rainbow exma resistance. Overnight rainbow jump and the ribbon is turning.
11/11/2011 7:37:20 AM MT Al****:: not only confuse my clients, but require a lot of reprogamming of my website, which is not happening
11/11/2011 7:29:36 AM MT mm****:: Tg - I suggested to Al a few times over the years that he should switch his Clinic to e.g. Wednesday, beause Fridays are not typical trading days - mainly in summer when Wall Street heads for the Hamptons - Al thought that this would confuse his clients
11/11/2011 7:25:07 AM MT Al****:: TG-yes, at least for me; sometimes I think it is because
I'm doing the Clinic and not focused just on trading; but often the day's range is below average-
11/11/2011 7:22:18 AM MT BBB****:: Awhile ago I did a study on the average points taken on each day according to Al's record and Fridays were at the bottom of the list in terms of average points taken. Let me find it and I will repost the numbers. Way too many excel sheets in this computer...
11/11/2011 7:17:51 AM MT Tg****:: Al (or MM if you care to comment), do you think Fridays are more difficult (less profitable) trading days then rest of the week.
11/11/2011 7:17:14 AM MT Al****:: GM all-good luck today
11/11/2011 6:06:43 AM MT mm****:: gm all - have a great day
9:00 Eastern-System: No comments
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