The ACD Method

F daily A up, and working on the weekly now. It sounds nuts, but if it confirms the weekly I'm looking at about 12 as short-term target.
 
Quote from mfbreakout:

001-05-2012 intra day
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cover last short 102.74. In case one is not counting- CL has moved from 9 am opening bell 380 ticks. and No i did not get enough considering the opportunities presented from the opening bell..
 
Quote from mfbreakout:

cover last short 102.74. In case one is not counting- CL has moved from 9 am opening bell 380 ticks. and No i did not get enough considering the opportunities presented from the opening bell..
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Long 102.62 out 103.10 and holding some in case 103.40 gets taken out.

I am not sure why 102.60 became a support after initial sell off. All i know ACD gave 102.60 as a good reference point.

I am in RCG camp. Trading to me is gambling but trade location takes gambling part away quite a bit.

My best indicator is TRADE LOCATION. This makes me in Maverick74 camp also. I am happy to be in both camps.
 
Quote from Maverick74:

Oh man, I've got the stock of the day. AZO. Stock gaps down on the open. Where to? The monthly A down is at 312.63. Actual low was 313.11!!! Stock then bounces 14 dollars off the failed monthly A down! The monthly A up is 333.98. Should tag that this week. Textbook.
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AZO tagged 333 today. Round trip complete.
 
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