Chaos Clinic Recap
Here are Al's comments
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GOLD IS SHINING
Chaos Clinic for 1/4/2019
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Gold, specifically the GLD exchange traded fund, was covered
11/30/2018. At that time the GLD chart showed a clear 1-2-3-4
pattern in a 7 move Chaos Clamshell. I suggested this was a
buying opportunity, because move 5 is often the largest and
fastest move. The chart is shown on the
AUX page.
Since then, the expected move 5 has developed as a fractal within
a fractal. On the chart, the white numbers show the outer Chaos Clamshell,
while the inner one has green numbers.
From this, it is clear that the outer move 5 is not complete. It has to finish
the inner green 5, do a 6, and a 7. That would finish the outer move 5.Then there
should be an outer (white) 6 and 7. I expect these will extend into February.
From a trading stand point, it is probably too late to buy this pattern. The time
to act was in late November or early December. Those who did not act then should
take this as a lesson, and wait for the next Chaos Clamshell. You can learn more
about chaos in markets, Chaos Clamshells, and other fractal patterns in
my trading courses
Besides the comments made by Al, the chat room has live
comments from other traders who sometimes share their views,
trades and tips. Below are the chat room comments from this clinic
1/4/2019 1:18:36 PM MT TG****:: you too Al
1/4/2019 12:32:17 PM MT Al****:: I'm done for the day and the week.
Have a good weekend everyone; and a Prosperous 2019.
1/4/2019 12:04:54 PM MT jvj****:: Yes, time frame is much slower on heavies.
1/4/2019 12:02:53 PM MT Al****:: Pairs fit you. You flew heavies. I was a FAC. :)
1/4/2019 12:01:43 PM MT jvj****:: Probably a mistake, but have to leave early, so will not trade last trade time.
1/4/2019 11:59:17 AM MT jvj****:: My pairs trades work out with no stops, but unfortunately with less risk comes less reward.
1/4/2019 11:58:07 AM MT jvj****:: Nothing to be sad for!
1/4/2019 11:54:20 AM MT Al****:: subtract 5 hours from the times to get Eastern. Interactive Brokers logs trades in Universal Time
1/4/2019 11:43:02 AM MT Al****:: Here's my "sad" story; got in early, got stopped on fast dip
by time I got back in entry wasn't that good. So did my homework and got a bit.
ES,BOT,1,2487.25,14:39:48,20190104,GLOBEX
ES,SLD,1,2487.75,15:20:49,20190104,GLOBEX
ES,BOT,1,2506.75,15:23:24,20190104,GLOBEX
ES,SLD,1,2537.00,18:05:07,20190104,GLOBEX
1/4/2019 11:32:27 AM MT jvj****:: Good Job!
1/4/2019 11:18:03 AM MT Al****:: got out 2537 for nice gain
1/4/2019 10:08:28 AM MT Al****:: on the Secret->esNat360 chart move may go up 2 white vibration levels to about 2537
1/4/2019 8:54:14 AM MT Al****:: thanks GON. May you have a prosperous 2019
1/4/2019 8:49:51 AM MT gon:: Hi Al, happy new year. I'm pn vacation, but still managed to publish your entry: https://www.fxstreet.com/analysis/gold-is-shining-201901041525
1/4/2019 6:35:24 AM MT jvj****:: Good morning everyone!
1/4/2019 6:26:49 AM MT Al****:: GM all-good luck today. Chaos Clinic is posted on the AUX page.
9:00 Eastern-System: No comments
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