The ACD Method

Quote from baggerlord:

Yes I am sticking with my earlier stuff and doubt I will ever change that. Ichimoku is really extremely simple and is just another way of calculating support and resistance levels. I have found when ACD/my stats and ichimoku levels are in agreement the odds of a good trade are extremely high. Actually I haven't had a losing trade yet since I started trading this way about a month ago! Of course for me that is only like 8 trades lol. I've had 2 breakeven and 6 winners of 2x risk or greater.

A forex broker released some stats on their traders. The japanese traders had a much much higher success rate that everyone else and the majority of japanese traders use ichimoku. Thats what got me on it in the first place.

Anyways sorry to derail. Just something i've been looking at.
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A few years back I used Ichimoku. I know it pretty well. I think it works better for catching longer term trends.
 
Quote from Maverick74:

ES failed A down today at 1201.50. Here comes the King bounce.
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Mav I do want to say thank you for sharpening my thinking about markets. I am always concerned about reversals, they are hard to catch, when they happen they are very profitable. Trust me honoring my stops is something I am really good at!:)
 
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