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Bonds? What do you all think of the bond trade? It surely ended right about the time the FOMC announced Opp Twist officially a few weeks ago. I've been tracking the TLT and TBT, and man, that thing looks pretty smooth. Just look at today's action in the TBT, real nice opportunities...

You know, it's interesting, but this happened last Tuesday too. SPY confirmed an A up on an inside reversal and then went into free-fall on the way to a C down. Apple did that today, (though we all know how it sells off on the unveiling of a new product). Lot's of A ups today around mid-day...

Thanks Mav, Man, the dollar is rallying too. Interesting situation here right?

UUP rallying too. Looks like A downs in equities might have the green-light

Many thanks for the post. I'm finding it very helpful. Between this and the videos Mav posted a few weeks back I'm really looking at ACD in a much different way. Really supplementing the book itself. Thanks to all for the great posts today. Much appreciated.

Many Thanks, Interesting analysis. I appreciate the work. Cheers,

Ok, I see. So just let a smaller time-frame inform your decision based on knowing that you have the macro, "wind" at your back. A failed weekly A down would suggest that the trade's loosing steam, and a confirmed A up would certainly signal a change in direction. So ultimately the various...

Thanks Maverick, I worried that the monthly/weekly ATR had already been reached, and that maybe I'd entered the short already relatively close to the bottom. I didn't have any other indicator to tell me to hang on, (unfortunately) so I took the relatively small profit in the face of what...

Covered this SLV short a few days ago... DRAT! :)

Ok, interesting. More food for thought. Maybe I'll do as you suggested and stick with daily stuff for now until I get a little more screen time under my belt. Give me a chance to think about weeklies and monthlies. As always, much appreciated Maverick

Gotcha, Your comment was more in reference to not using the same data for very different products. Completely understood and agree, (and not using say a daily a up signal for getting long macro when you have a monthly a down). Whew, I thought it was back to the drawing board there for a...

Hey Maverick, Your comments here have me a little worried. I'm fairly new to ACD, and use it mostly to trade individual stocks in more of a breakout fashion. Where do you think my application might need some re-consideration? I'm grateful for any input you might have, or any thoughts you...

Shanb, I've kinda noticed the same thing. Not sure if I'm getting too literal in my interpretation, but I don't often find the 30 day correlation to be significant. Also, just in case you're wondering, I've looked at both 30 calendar days prior and 30 trading days prior.

Mfbreakout, My weekly, monthly, qtr, half year, and yearly levels, (and yes, I'm working on some longer term time frame stuff too-like decades etc) are super simple. Just take your OR and whatever percentage it is in relation to the larger time-frame should be translated across time-frames...

Mfbreakout, Totally agree. I had a confirmed A down in the SPY today and saw that bounce off the fed right on up to 120.17, (cents away from the bottom of my 3 day at 120.23). I knew folks had to be getting long, but were on the wrong side. Didn't take the trade, (felt like watching the...

Maverick, Thanks as always. FCX actually caught my eye today as well. Always nice to know I'm in good company!

Similar situation for me today. I got long after a confirmed A Up intra-day around 11:40 est despite my hesitation about us being in the middle of my monthly OR, (with a confirmed monthly A down). Looks like that hesitation was right as the SPY basically sat there and started drifting lower...

I see the same in the SPY. Also, SLV has made a monthly A down, (at least according to my levels) and has been quietly moving downward. It's been a nice way to play the rise in the US dollar. I have an 8 cent 3 day, and while it's not the smallest I've seen, I've been watching fairly...

RGC Trader, I see exactly what you're saying. Yesterday I posted that I was looking at modifying my OR. It wasn't because I thought it should be a half day versus a full day, but rather because I thought the day I might be using was less significant, (TO ME) than another time frame I'm...

Maverick, As always thank you! I think I need to re-evaluate my OR for the monthly level, or take a look at my entry method/timing. I think I'm jumping the gun on some of my trades, (especially when I'm leaning against the monthly level). Again, thanks for your insight, much appreciated.