Quote from Shanb:
Does anybody trade any of the big momo names in here?
SINA, GMCR, BIDU...some of the names that showed strength. Surprised no one is jumping all over these things...they're like crack
I'm watching them. No monthly confirms yet.
The ACD Method
- Thread starter sbrowne126
- Start date
I'm watching them. No monthly confirms yet.
Quote from Shanb:
Back in the office...got my indis setup on TS and everything! So much more convenient to have everything at the click of a button rather that manually inputting everything
Shan, why bollinger? Just wondering.
Okay, here is a setup that I use. My A up is breached. So I have my bias. At some point price will probe for that A level again. When it fails, I take the trade. Trend traders do not take targets in my mind, so I draw a channel line. A violation of that channel line mean I take profit at that point. Wash, rinse, repeat.
Just my view.
Quote from Shanb:
Back in the office...got my indis setup on TS and everything! So much more convenient to have everything at the click of a button rather that manually inputting everything
looks good. You should look up zig zag % interesting indicator for market structure, you can set the % retrace wherever you like.
I had that spread up too! Good eye Shan, good eye!
MSTR cured me of momo stocks waaaaayyyy back in the day.
01-11-2012 Pre Open. One catalyst on the HORIZON for one sided day is continued strength of DXY.
ACD works great for momo stocks. I don't think I would touch a momo stock without ACD.