The ACD Method

A lot of guys on ET getting hurt today trying to fight the trend. Do not mistake the calling tops in the market with actual trading. The two have nothing to do with each other.
 
Quote from Shanb:

So hard to plug in the OR in excel, see the ATR %, plot it, confirm the a, take the trade lol!
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Shanb, have you looked into real-time stock scanners like trade ideas or madscan? They may be able to be customized to scan for tight OR's as Mav described. I think one of the platforms has coding services available (for a "nominal fee", of course!)
 
For those of you interested, the monthly A up for me was 1165 in the ES. That's a 100 handle move after the confirmation. If you got long above the monthly pivot, that was even better at 1110 for a 150 handle profit! Crude oil monthly A up was 82.85. That's $10 a barrel.

We are putting in an outside month on the ES. Very bullish imo. And fund managers are under performing big time. Look for them to chase performance into end of year.

Copper up over 20% from it's lows a few weeks ago.
 
Quote from Maverick74:

A lot of guys on ET getting hurt today trying to fight the trend. Do not mistake the calling tops in the market with actual trading. The two have nothing to do with each other.
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My hope is that aspiring traders will find this thread. They will need their own signal generators. But between that and this, they will do well.
 
Nice intraday failed A Downs on ES (15 min OR, 6 point A value) and CL (15 min OR, 60 tick A value). NatGas and Bonds not feeling it today.
 
Quote from Maverick74:

For those of you interested, the monthly A up for me was 1165 in the ES. That's a 100 handle move after the confirmation. If you got long above the monthly pivot, that was even better at 1110 for a 150 handle profit! Crude oil monthly A up was 82.85. That's $10 a barrel.

We are putting in an outside month on the ES. Very bullish imo. And fund managers are under performing big time. Look for them to chase performance into end of year.

Copper up over 20% from it's lows a few weeks ago.
More...


on a 60 minute chart I had a breakout at 1240 or just under. You need your head examined if you are trying to short this for more than a scalp. I always try to keep in mind that the powers that took the mkt to 1370 also took it to 1078. The key daily close was over 1220 spx. Good trading. :)
 
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