The ACD Method

Maverick74 said:
What do your A levels say? :) You know if this were a class there would be a lot of pop quizzes in here.
More...

Thanks Mav,

Right now, I have:
NL- still deeply negative
MonthAdown confirmed

It bounced off the weekly Adown and shot through today's intraday Aup....so according to the ACD playbook. 30NL guides a short bias...and I'm looking to failed WeeklyAup this week for longer horizon or a failed intraday Aup for a shorter term scalp. Now grade me.
 
koolaid said:
Thanks Mav,

Right now, I have:
NL- still deeply negative
MonthAdown confirmed

It bounced off the weekly Adown and shot through today's intraday Aup....so according to the ACD playbook. 30NL guides a short bias...and I'm looking to failed WeeklyAup this week for longer horizon or a failed intraday Aup for a shorter term scalp. Now grade me.
More...

Failed weekly A ups are only good for the week, not longer term trades unless you consider 2 to 3 days long term. Showing improvement....:)
 
My Dollar ETF (UUP) confirmed today. Last confirmation was 10/29/15. That one was on a monthly A up (yes it was very late in the month) but it also had a strong monthly number line. If one had bought the next day opening there was a nice 2.5 to 3% increase during November.

Today’s confirmation comes on a weak non-confirmed monthly number line and nowhere near a monthly a up. There is however lots of rising bottoms following a clear bullish support line.

If the ETF FLAT gets a zero or higher number tomorrow it will confirm. It’s also in the top tier of a few relative strength scans. Mentor Mav has provided a number of insightful posts on STPP and FLAT and a quick search will reveal them.
 
My main work is as a commercial diver which as you can all imagine has been quite hard hit by the oil prices. On the plus side the cartoons are getting better by the day :-)

mcdonalds.jpg oil price valve.jpg Bill.jpg
 
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