Theoretically, if we have an awesome MADn like we had in WTI and we pullback to the MADn, does that mean anything so late in the month? I am on the sidelines but just wondering if situations like these are still worth shorting with 2 days to go in the month.
The ACD Method
- Thread starter sbrowne126
- Start date
Thanks
what was your MAd? did i save you some money?
. MAd is 43.95-44.20 (I use a range). I wasn't planning on taking on a position. I was just curious because these situations dont occur that often. But, wow, what a rally. EIA data corrections due Monday being cited as one of the drivers.Its still nowhere near the QAd so I still like what you said about this continuing on and we get to short the MAup failure early next month. I am definitely in when that happens.
Its still nowhere near the QAd so I still like what you said about this continuing on and we get to short the MAup failure early next month. I am definitely in when that happens.
OK, little word of caution here. I know it can be convenient to plan our future trades like that but I need to really caution against doing that. The number lines are dropping like a rock and if we re-set I would not fade it. I know I've looked ahead on things like that too only to get to that point the following month and the number lines are no longer confirmed and then I get in the trade and sure enough it confirms positive!!!!! Then it proceeds to rip my face off. Do NOT do this. Your number lines are your guide.
There were some very bad prints in stocks and ETFs. I didn't hear of any trades being busted.
Its not a market I follow but I came across this article that might explain what happened: http://awealthofcommonsense.com/the-etf-flash-crash/.
Also this one: http://www.marketwatch.com/story/he...d-the-flash-crash-in-some-big-etfs-2015-08-25
I haven't had a chance to get enabled for it from CQG...but new out this week is the "MBF" study if you are using CQG. Looks like a way for you to set ACD levels on CQG charts...with a volume indicator that I'm not sure of. Just a heads up. I'll let you know what it looks like once I get a good look.