The ACD Method

Quote from jsmooth:

Mav what up how you been....man, i havent been on ET for awhile and this thread has just blown up....going to have to go through all these posts tonight...Mav, you free next week, we should grab a drink and burger at Ceres.
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Hey Jason, sorry I missed this post. Let me know the next time you're in town and we'll grab those beers.
 
This was my worst week so far since using this approach. Took a loss on my EUR/USD short and then reentered and took profit at 2x risk. So I'm up one unit of risk this week and calling it good.

:)

Regarding the earlier discussion on wide vs narrow A levels, I think it really comes down to understanding distribution of moves and knowing what you are targeting. IE are you trying to get in when statistically there is room for a move or are you trying to fade when the move will generally fail. If you know what you are trying to acccomplish then you can calculate your A levels with your specific trading goal in mind.

FWIW my best trades so far have been taking weekly momentum entries at a point where the move is extended on a monthly level. So I am trading with trend on the weekly or daily period and fading on the monthly.

But keep in mind I am an ACD Newb so take this all with a grain of salt.
 
Quote from random flyer:

? for anyone...if you had a monthly a up would ignore all of the daily a dn?
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I personally want to see price action confirm on all time frames. The best monthly A ups don't make weekly A downs. The best weekly A ups don't make intra-day A downs. Usually strong markets have failed A downs. So yes, I would be concerned if I was long anything that was making an A down.
 
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