Quote from Maverick74:
I use the macro ACD stuff to generate to generate what the 3 to 5 day momentum is in each given product and then look for spots intra-day where I want participate in that trend. All the intra-day stuff is based on ACD as well. Basically I'm looking for the price action to line up with what I expect to happen. When it doesn't, there are no trades. As you know, ACD is volatility based. The number lines are price action based. So you are looking at the intra-day and the longer term price action of each of these products and the ACD levels give you range expectation as well as levels to lean on for your entries. Stops are time based. All the entries and exits are set in advance. But again, the important idea here is making sure the price action lines up with your analysis. If I'm expecting crude oil to be weak for example, like I was yesterday and it was rocking to the upside, I don't just buy it. I wanted to see weakness and it wasn't there. No trade. Today crude rolled over and continued with the longer term general weakness.
Right now I'm looking for spots to buy ES, Euro, Gold and sell Aussie, Bonds and Oil.