The ACD Method

Maverick74 · Oct 27, 2011

Let me also state for the record that almost all commodities have ETFs now for our equity brained followers of this thread. Just letting ya'll know....

Shanb · Oct 27, 2011

Quote from Maverick74:

Let me also state for the record that almost all commodities have ETFs now for our equity brained followers of this thread. Just letting ya'll know....

Given my situation...I may have to open up that futures account for this month! Commodities are like crack right? lol

Samsara · Oct 27, 2011

Quote from Shanb:

Given my situation...I may have to open up that futures account for this month! Commodities are like crack right? lol

By the way, Ninja Trader is free. I know you're having a tough time drawing levels. There might be some ACD code out there already for you to use. Failing that, if you get eSignal I can toss you my efs.

Shanb · Oct 27, 2011

Quote from Samsara:

By the way, Ninja Trader is free. I know you're having a tough time drawing levels. There might be some ACD code out there already for you to use. Failing that, if you get eSignal I can toss you my efs.

Thanks for the offer. The other problem is that I didn't pass my series 56 exam today. Scored a 68...need a 70 to pass. Prob should've studied more, but from what I hear the passing rate is about 50% and I haven't met anyone who's scored more than the mid-to high 70's.

Hopefully they will allow me to trade...but it doesn't look good at the moment!

RCG Trader · Oct 27, 2011

Quote from Shanb:

Thanks for the offer. The other problem is that I didn't pass my series 56 exam today. Scored a 68...need a 70 to pass. Prob should've studied more, but from what I hear the passing rate is about 50% and I haven't met anyone who's scored more than the mid-to high 70's.

Hopefully they will allow me to trade...but it doesn't look good at the moment!

Eh, could be a blessing in disguise.

RCG Trader · Oct 27, 2011

Quote from Maverick74:

Blue horse shoe likes commodities....shhh.

I know the loonie is a proxy for oil in FX.

Are there any others that you know of?

Maverick74 · Oct 28, 2011

Quote from Shanb:

Given my situation...I may have to open up that futures account for this month! Commodities are like crack right? lol

Crack? No, crack is for children. Commodities are like heroine.

Maverick74 · Oct 28, 2011

Quote from RCG Trader:

I know the loonie is a proxy for oil in FX.

Are there any others that you know of?

The Norwegian Krone tracks Brent oil. So watch USD/NOK. Of course all the Aussie pairs are tied to commodities. The South African Rand (USD/ZAR) tracks gold and silver.

As far as the loony goes, watch the CAD/JPY. Japan has to import all their oil so they are the most vulnerable to higher oil prices.

Maverick74 · Oct 28, 2011

RCG Trader · Oct 28, 2011

Quote from Maverick74:

The Norwegian Krone tracks Brent oil. So watch USD/NOK. Of course all the Aussie pairs are tied to commodities. The South African Rand (USD/ZAR) tracks gold and silver.

As far as the loony goes, watch the CAD/JPY. Japan has to import all their oil so they are the most vulnerable to higher oil prices.

Good info Mav. Thanks.

Looks like it's gonna be tough day in the AUD today, A down, headed toward an enormous pivot range. Might try something if I can get signal near the A down with a target somewhere in the pivot range. My signal generator is wave based so what will most likely happen is I get a signal near the pivot. Worst possible case. So then I get to wait to see if price trades thru the pivot or not. In any event it will be waaaay away from point B. Now I got risk issues. Im rambling I know, just sharing my thought process using RCG ( my signal generator) and ACD.

Im ticked. I would like a C up right about now :mad: