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You know, the one that generates that 5 character alphanumeric code for you to login.
Now, with that out of the way - were you indeed using the authenticator or not?
Refer to the section on "why do i still have trade holds"
In terms of the mobile authenticator; I have since disabled it and can get trades with as little as 24 hours, but mostly it is still at 72 hours. This Steam garbage needs to be disabled and reverted to where we can trade properly; enabling the mobile authenticator and leaving it enabled for 7 to 15 days does nothing and the alert notifying you that you haven't used it, when you have, will continue coming up.
My solution is to boycott trading and to post in these topics until the system is reverted; I've already lost enough items due to this addition to the trading system ( items disappearing without being traded, trades going through on items that expire so the other party receives non-expired item and I get nothing, etc... ).