Chaos Clinic Recap
Here are Al's comments
1:33 out -2; really time to leave-see you next week
1:26 fractal grid from CTME is telling me to hold
1:00 when a trading range expands, it usually does so by 50% or more-that suggests a move to about 58
12:53 OK, maybe I'll stay -stop was too close twice -resold 55 stop 57
12:45 stopped -1 ; time to pack up the camper ; thanks for coming-see you next week
12:41 nothing to do but wait - 110 and 55 EXMA's say trend is now down
12:33 stop 56.5
12:29 resold 55.5 stop 57
12:25 stopped +.5 ; now watch and decide to quit or keep working it
12:22 stop 56.5-just above the 20 EXMA
12:19 stop 56.75-cover commission
12:14 stop to 58-cover is 52 if we get there-just going for 5
12:12 stop 59.25 as make new swing lows
12:11 candles show resistance at 59-good
12:07 not conclusive yet-just sitting and waiting
11:56 stop techniqe got me in a hair befor the 20/110 crossing; I also watch a 55 mine EXMA, and had a 20/55 crossing
11:54 elected short at 57 stop 60
11:50 about to get a crossing on 20/110; candle support at 57.5 -putting sell stop at 57
11:40 the 110 EXMA is curling down, so no buy setup
11:33 the slope of the 110 EXMA matches that of the red -Tide, so may get a 20/110 sell crossing
if so, I will watch for the first white support candle, then sell if that support is broken
11:30 still no more than 3 candle runs of one color=mud
11:24 failed to break out, so still stuck in a trading range
11:20 getting into the trade window-so putting a buy stop at 64
11:15 this move got some follow through, so I'm watching to see how it deals with the resistance at 63
11:04 at this point in the day, it is clear that we are not rocking and rolling-more like stuck in quicksand
10:56 here we got only 3 white candles, then reds- a weak move-to get stronger, it would need to break 61
we did get a 20/110 buy crossing , but not at a trade time-if it were, I would place a buy entry stop at 61.5
If the move was not a head fake, that would get me in on the follow through
10:50 now we broke up out of that scribble, but are just in another congestion area from 57 to 63
10:40 now that we see we are in a congestion, we can look for a physical reason-we find that we are trapped
between the -T270 and +T225 yellow Moon electric field flux lines- so it all says STAY OUT
10:34 you can also estimate risk by looking at how many 3 point or more swings you see and how fast they
are changing - today I see 7 already , changing about every 10 minutes -extremely risky for trades with 3 point stops
10:31 markets run like rivers-with long smooth stretches and white water rapids - one needs to stay out
of the rapids, and not get caught up in the head fakes
10:28 so that early fast drop has turned into confusion and congestion - tastes like a cotton ball
10:25 doing just that, I see we are congesting between 1257.25 and 1252.25 - a 5 point range
10:23 then I like to look at the range of the last 12 candles to see where the support and resistance is at
10:19 one thing I watch is how "clean" the 3 minute candles are-are they marching in a trend of mostly one color
or are they overlapping and switching colors back an forth ? I want to be watching when they are "dirty"
10:11 now we have an opening range of 10.5 points, and are trading inside it near the middle-smells a lot
like a trading range day-common after a few big, emotional days
10:05 that 10:00 resonance is fed by public overnight orders, and often ends between 10:00 and 11:00
today we have a Natural time point at 10:20
9:56 very fast swings - 10:00 is 3 hours from solar noon, so watch for a low there
9:46 bears out early - could be on green +Tide; early high was set by Mercury-magenta M - flux line
suggests down until Mercury timeline at trade time, in a price to time move
9:37 the last hour yesterday was very choppy -I expect that to continue today
9:30 opening up a bit-no trade until 12:11-may be a dull day with range less than 12 poinst
have key prices at 1260, 1265, 1255
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
7/18/2008 12:17:46 PM Mountain TG:: scrapping that idea
7/18/2008 12:00:46 PM Mountain TG:: now sell stop at 54.75
7/18/2008 11:52:56 AM Mountain TG:: placing a sell stop at 54.5.
7/18/2008 10:40:30 AM Mountain butch:: covered at 1255 +3
7/18/2008 10:33:22 AM Mountain butch:: there she goes. come to daddy..
7/18/2008 10:15:24 AM Mountain butch:: stop at 58..
7/18/2008 10:12:58 AM Mountain butch:: short at 58. looks like the NQ is starting to break back down..
7/18/2008 8:13:55 AM Mountain Alex:: Could you expand on your comment regarding the overnight orders?
9:00 Eastern-System: No comments
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