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Chaos Clinic Recap

Here are Al's comments
3:33 done for the day; thanks for coming; no clinic next week due to Thanksgiving holiday; take a course
3:32 out for +1
3:23 stop still OK; I expect one more little rally into the close
3:15 stop still OK; sitting tight
3:01 not much juice; stop is OK; just trying to be patient into the close
Can't let all the little moves bother me-I know fractals have 7 moves, but can have up to 13
2:56 I think we followed the green +Tide most of the day, but just invered to the red -Tide
2:50 stop to 1194.5; lock .5
2:48 a day like today usually ends in a fast move in the last hour; may even reach 1201
2:39 after about 2:30 on Friday, many trading houses cover their weekly trades; often see a short covering rally
2:36 it's really hard to love a slow trade like this :)
2:30 steady up; just not really fast; patience is a virtue
2:22 this is a "cover on close" pattern; but I'll take my 5 if I get it
2:10 I'm just carrying this trade through; there was a good continuatiopn buy near 1195.5 for the third trade
2:07 stop to 1194, break even
2:05 price action is a series of stall and streaks; my eMylar ovelays help you find the streaks, which is where the money is
2:01 stop to 1193.5, just under the 440 minute EXMA
2:00 getting a little more juice now; rally 4 points, pullback 1.75; pretty weak
1:53 treading water
1:47 early in the day, the Moon +T180 flux was resistance; it is now support; see the SPSunMoonMer chart
1:40 coming into the third trade time; I may just carry this trade through
1:37 looking OK; need to be patient
1:27 this is not a high volatility day; I think 1199-1200 is about it; so I will take +5 if I get there
1:24 I have a pretty decent Fractal of Pi up into the close, so I'm trying to be patient and stay long
1:17 stop to 1193; just below the 440 EXMA
1:11 this move has produced a nice divergence on the MTRainbow charet; there is a tutorial on it on the right side of the ListOfCharts page
1:06 posted a new Fractal of Pi chart in the CCT Room
1:02 looking good now; stop to 1192.75
12:52 stop to 1191.5
12:47 I like that the MoonTide harmonic grid up lines on Chaos Clinic chart support the last two lows
12:41 here is the continuation buy at the trade time; I jumped early, but trade is OK
12:38 prices dipped below the 110 EXMA, but the 20 EXMA did not
12:32 trade stuck in the mud; sitting tight
12:20 replaced my Fractal of Pi chart in the CCT room with a Fractal Grid chart.
Fractal Grid is from the Chaos Trading Made Easy course.
12:12 hex autorecongnizer found a hex formed by Venus, Moon, and Chiron, Neptune. See tutorial on Hex patterns, right side of ListOfCharts page
12:09 bought 1194 stop 1191
12:07 in the trade window; possible continuation buy setup
12:00 I'm back; looks like the upside is slowly gaininbg traction; trading above the 440 EXMA, which is slightly up
11:36 taking a breakfast break now
11:14 on that same Chaos Clinic chart, there are diagonal yellow lines sloping about 30 degrees. These are the
MoonTide Harmonic grid. There is a tutorial on these on the right side of the ListOfCharts page.
Right now they bound prices in a horizontal converging triangle.
11:08 what I can do is look more closely at what just happened; on the Chaos Clinic chart, the early high was on
the Moon +T180 electric field flux. The early drop lasted until the Moon T180 timeline, in a "price to time" move
11:02 not much to do until we get close to the next trade time of 12:44
10:49 I think this rally has turned today into a flat "MM stinker"
10:41 stopped for +.5; range did not expand as I hoped
10;40 up to the 110; may get stopped
10:30 the 110 is steadily down, and my stop is good; be patient
10:27 one has to be patient and let the patterns develop; Move 4 still in progress
10:20 on a one day chart, I see 4 moves in a 7 move down Chaos Clamshell; sitting tight
10:16 range just over 6 points, two 3 point quantums; should see range of 9 or 12
10:14 110 EXMA has now droppec below my stop, which is good, since I'm trying to stay short
10:10 I just notice that todaythe Sun squares Neptune and Chiron. Possibily of reaching 1182 at 12:00 solar noon
10:07 still OK, minor bounce fading
10:00 I have posted 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
9:56 stop to 1192; cove my costs
9:53 my 9 point cover is 1183.5 if we get there
9:50 I have a Fractal of Pi down projecting about 1184; on the Wheel of Fortune I note Neptune/Chiron support about 1182
9:45 stop 1192.5, break even; will try for more than 5 pts
9:42 stop to 1194
9:36 sold 1192.5 stop 1195.5
9:32 have a potential 20/110 continuation sell setup-watchiong for now
9:29 MTRAingbow chart shows longer EXMA's realtively flat and trade is just under the white 440 EXMA day's trend
9:28 today't trade times are 09:49, 12:44, and 14:22
9;25 fairly quiet preopen, down a bit
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

11/19/2010 2:07:21 PM MT Al****:: after finishing the Chaos Clinic I got +3 on the late rally
11/19/2010 12:05:08 PM MT TG****:: the juice was at the reversal in trend coming out of the first tide time, since then it's been a sideways to up consolidation of the initial up thrust.
11/19/2010 11:51:41 AM MT EOE:: where's the juice????? ;-(
11/19/2010 10:02:54 AM MT Al****:: all prices are a part of the data; I found through research that the 8 hours between 6:15 and 4:15 Eastern contain most of the action
11/19/2010 9:55:04 AM MT MJ:: As soon as the tape died it started snowing where I live ;) First snowfall of the year.
11/19/2010 8:41:18 AM MT ken:: that should have been highs and lows
11/19/2010 8:40:39 AM MT ken:: Hi Al and All, do the overnight hi lows come into play in price movement? with the overnight high around 1200, the move down to this level (1188.25) ends up being about a 12 point move....
11/19/2010 8:24:30 AM MT claude:: GM everyone, Good luck today
11/19/2010 7:11:27 AM MT Al****:: GM all- good luck today
11/19/2010 6:46:36 AM MT EOE:: GM everyone. jack frost came nipping last night. but its still a beautiful morning. good luck. hope its not another stinker.
11/19/2010 5:35:31 AM MT mm****:: gm all - have a great day - finally cold here, but sunny

9:00 Eastern-System: No comments

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