Chaos Clinic Recap
Here are Al's comments
3:18 I'm done for the day. Thanks for coming. See you next week. Take a few courses.
3:16 I punted, sold 1233.5 for +2.
3:00 days like this often end with a whoosh. So I'm working hard to stick around and not just go take the dogs to the park.
2:56 most technical analylis indicator base trading only uses price. I use time, price, and two dimenional patterns.
2:52 today has been a slow day. I started out with a bad entry. My stop kept me in. The trade worked into a gain.
I have locked in a small gain. I expect the move to be up to the close. So I just wait.
2:47 I could have covered at 1235, the mental stop. But my fractal, the general day pattern, and Moon/Mercury
timelines at the end of the day encouraged me to just make sure I had a good stop.
2:40 dip was on the third trade time. I like that the Moon T+090 flux is now support. One could buy here, but I'm just carrying through
2:33 dip to the 110 EXMA; stop is in good place
2:21 on the MTRainbow chart note that the magenta 55 minute EXMA is holding the lows. This is the sign of a strong move.
2:18 stop to 1232.5, lock in a small gain
2:16 just hit the 1235 mental target-incidently set by Chiron/Neptune electri field flux lines
2:10 the question just asked is good-it gives me a chance to explain how I work. Actually, you can get a good
overview on the home page at http://moneytide.com and a one hour talk at
2:08 stop to 1232; just above break even
1:59 stop to 1231
1:54 stop to 1230
1:44 I just had a question in the chat room about someone blogging about an impending crash. My mentor Ev Garrette used to tell me that
someone was always forecasting the end of the world. Then he told me the end comes for someone every day.
The reality is that this market has be up since March of 2009.
1:23 if this trade keeps working, I will carry it through the next trade time. Today the Moon is conjoin my
natal Moon, Sun, and Mercury. These are great days for new discoveries, but not for aggressive trading for me.
1:21 this is a "cover on close" pattern, so that late Moon timeline may add some juice.
1:18 the other two common daily ranges are 15 points and 18 points. Taht would be 1242 and 1245. Don't think either
is probable on a Friday
1:06 1236 would make a 9 point range on my 8 hour chart; 1239 would make a 12 point range.
12:50 stop to 1229. Note how the 440 and longer EXMA's have kinked upward. Bullish for the day.
12:40 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.
12:29 regular TG made an intersting comment in the chat room about possibly making 1239 today. I was just about to
say that 1239 was a possible targe, but for a different technical reason.
12:19 I'm back. Looks like the second trade time was a buy. Just holding and being patient. Moving stop to 1228
11:50 taking a breakfast break
11:33 we are in the second trade window-I'm just going to hold my current position, which still may work out
11:27 what I note is that the Mercury and Moon timelines get closer together, being closes at the close. Suggests up to close
11:22 the trend is coming from a Mercury/Moon cycle. The Moon is 45 degrees past Mercury. On the SPSunMoonMer chart
check out what timeline set the low. Hard to trade in real time, but fascinating to watch
11:10 on a two day chart, a trend lind under the lows is up all day
11:05 yesterday was contract rollover in the futures. The December contract hit 1235 twice. The human mind
remembers that with the new contract, making 1235 a mental attractor
11:01 the reason I watch two day charts a lot is simple: all the market news is about how the market did today
versus yesterday. That is reinforced by the Moon moving about 30 degrees (12th harmonic) in two days.
10:58 the fractal I see most often is about 10 -13 "hours" on the MTRainbow chart. But yesterday we saw a nice
3 hour down fractal.
10:54 there are fractals within fractals. One could see this minor rally as move 4 in a down CC just using today's data.
Fractals fracture, so it may not complete. The MTrainbow chart suggests that it will not.
10:50 yesterday's 13:00ish high was 1227. It was resistance yesterday, now support.
10:46 today's low is exactly 6 points higher than yesterday's. 6 points is 30 degrees, 1/12th of a circle.
10:42 on the MTRainbow chart, it looks like we are in Move 4 of 7 in an up Chaos Clamshell
10:27 on the Chaos Clinic chart, support came just above the Saturn electric field flux line.
10:25 we may see a 20/110 buy signal, in a "hook and go" pattern
10:20 one enters a trade accepting a certain amount of risk. Understanding how much risk there is tells you
where to put your stop. Today I could see from the MTRainbow chart that I needed a wider than normal stop.
10:15 stop missed by one tick, so far. Obvously not a good trade; not my first, not my last. They happen
10:08 here the 20/110 has given a sell. Given the bullish pattern on the MTRainbow chart, I would not take it
10:02 early Friday morning trash; which is why I put my stop under the 440 EXMA
10:00 not much of a reaction, even with the Moon timeline right there; that hex seems to be stabilizing prices.
9:56 bought 1231.5 stop 1227
9:54 Consumer sentiment report out in a minute
9:47 today is a "Two moon day", with the Moon T090 timeline early and the T0 timeline late. Often volatile
and one way, or Moon-Noon-Moon. But they can be MM stinkers.
9:44 just past the exact trade time-possible continuation buy -waiting a bit
9:37 The boing you hear is from the automatic hex pattern recognizer. On the List of Charts page, right side is a
link to Hex Wheels Today. Follow it to see the patterns. This one is set by Venus, price, and the M,R,O,P cluster
There is also a tutorial on Hex Wheels liknk on the right side of the ListOFCharts page.
9:33 the MTRainbow chart shows a rally continuation pattern-all the longer EXMA's are up. May need to congest
a bit before trying to push higher.
9:20 up overnight. Today's 3 trades are 09:44, 12:05, and 14:29
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
12/10/2010 2:23:04 PM MT RAH:: I'm gone for weekend now, cya guys later.
12/10/2010 2:22:36 PM MT RAH:: I'm relooking at broker figures, make my exit 1234.75.
12/10/2010 2:19:02 PM MT RAH:: My end was 1236, but 3 losing trades earlier.. Hell!! Which means I made too much of a loss overall. Such a disappointment when it takes so long to have a good trade! Such a short time to lose just as much! I hope for a better week next week!!
12/10/2010 2:14:08 PM MT TG****:: ok, out at 35.25
12/10/2010 1:37:30 PM MT RAH:: OK, I figured best to get out now cause shape looked correct and price was halting. Lets see if I was wrong/right...
12/10/2010 1:35:31 PM MT RAH:: actually looks like CC shape just maturing now?
12/10/2010 1:33:36 PM MT RAH:: This CC had bizarre shape, can't count it easily, bad day to start with, 2 bad trades... this seems to be ending well... Top of your CC also 1239?
12/10/2010 1:29:46 PM MT TG****:: still in too. If the 35 had come significantly earlier in the day I'd have been more inclined to take a +5 with the potential to enter long again potentially at a better price.
12/10/2010 1:25:29 PM MT RAH:: I'm still in, waiting to see if my CC ends well...
12/10/2010 1:07:32 PM MT ken:: thanks TG..and Al for the explanations
12/10/2010 1:05:22 PM MT TG****:: Ken, for what it's worth, and further to Al's answer in the clinic comments, I had a sell limit at 35 and 39 shortly after entering long at 30 earlier today and rightly or wrongly, soon to be determined, I pulled the 35 off of the board. Printing new yearly highs on the cash and the continuous contract, holding the 55 exma as Al mentioned, haven't seen the chaotic up move or even a run to out of band that typically ends a fractal, just a steady grind. It's a two moon day also and usually that 2nd moon timeline will pull prices toward it. So basically I decided to let a winning trade run a bit. Also, when making new multiday highs or lows, most corrections won't be much more than a point below the 110 exma.
12/10/2010 12:52:03 PM MT TG****:: Al, only if you get a chance to do so, could you please show a FOG chart in the CCT room from the vicinity of today's low. I'm curious to see how you'd have placed it and scaled it, thanks.
12/10/2010 12:42:59 PM MT ken:: Al, nice call earlier on the 1235 "mental attractor" price....any reason why you wouldn't look to get out there also knowing that a trade time window was coming up? and i ask that knowing that you have been very successful trading the way you've been trading over the years....trust me, you've kicked my butt so far...lol..
12/10/2010 12:26:55 PM MT mm****:: I obviously could have brought this up "years ago" - but I am paranoid about getting a reputation as a complainer
12/10/2010 12:23:59 PM MT mm****:: Thanks Al - less toggling !
12/10/2010 12:02:31 PM MT Al****:: Your question was fine. There are no bad questions.
12/10/2010 12:00:03 PM MT Al****:: Yes, I do make forecasts, but only wioth myu own tools and technologies. I do use planets, but not at all the way astrologers do.
12/10/2010 11:52:54 AM MT ken:: It was just a question...didn't you use to forecast using your monthly newsletter or don't you forecast every night when you post your next day forecast? sorry i brought it up, even though you mentioned that this was a good day for you to make new discoveries..
12/10/2010 11:38:39 AM MT Al****:: I never read or comment on other people's work. Most, but not all, astrologers are driven by fear, not reality.
12/10/2010 11:34:34 AM MT ken:: Hi Al and All, just a visitor, but wondered if you might have any comment regarding the info at the following blog address commentating on the Geo planetary positions for the 87 crash and what is going to be around next week?....do you see anything coming up in the near future Al?
12/10/2010 11:30:49 AM MT Al****:: mm-I never noticed that-first one is gone
12/10/2010 11:18:59 AM MT mm****:: Al- I have been wondering "for years": Why does the Rainbow chart have TWO sets of your clinic comments, with different fonts? I always toggle down to the second one, which is easier to read. Would you consider throwing out the first one?
12/10/2010 11:03:11 AM MT TG****:: the fractal Al is referring to is on the two day rainbow chart up from yesterday's low, move 4 low at 10:15 est, move 5 underway.
12/10/2010 10:45:57 AM MT RAH:: I had a different fractal fit for todays up. I had a different count for wave 1, but have changed my fit since you know a lot more than I do! Do you think we're in wave 3 or 5 now?
12/10/2010 10:35:27 AM MT TG****:: 1239 fits well with fractal grid for today and up fractal from yesterday's low. Plus volatility has clearly decreased so perhaps it will take two days to make an 18 pt range instead of 1.
12/10/2010 10:23:22 AM MT TG****:: Sun time line and price line were right near low yesterday, got little upstreak today near it, hopefully a run to next sun price (1239) by end of day.
12/10/2010 8:53:25 AM MT Al****:: 4 in up
12/10/2010 8:46:58 AM MT RAH:: Al, you mean move 4 or 7 in a DOWN CC? (ur Chaos Clinic comment)
12/10/2010 7:28:52 AM MT Al****:: MM-I have no idea why you got 3 emails. My server says it sent you one. I'll look at the other problem when I can.
12/10/2010 6:15:54 AM MT RAH:: yeah, I want another great day like yesterday! BTW, I only got 1 x emails from Al (1 x freebie, 1 x hotline). OK, lets wait for a trade!.......
12/10/2010 6:00:25 AM MT EOE:: GM everyone. snow last night. good luck. lets hope its not another mm stinker Friday.. :-)
12/10/2010 5:57:25 AM MT mm****:: Al - to follow up on our conversation from last Monday: I again got "A Note from Al..." three times
12/10/2010 5:39:05 AM MT mm****:: Al - SP1Day has not yet updated to H
12/10/2010 5:34:00 AM MT mm****:: gm all - have a great day
9:00 Eastern-System: No comments
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