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The ACD Method
- Thread starter sbrowne126
- Start date
Quote from mfbreakout:
01-25-2012 Mid day.
Magic of A up. long 98.54 out 98.98. A up does not mean, just buy any where and hope for $2 move. One has to work to get some ticks.
ACD- gives reference points. I do not know why after A up, OR high level is defended on first test but it does get defended at least once.
As usual I am out early but anything can happen when BIG NEWS is out . We just have to pick our battles.
Watching to see what happens at weekly pivot of 99.55 and Maverick74 weekly A up level of 99.77
Quote from mfbreakout:
I do not see bounce of weekly A down. I think weekly level you posted was 97.73. Unless I noted it down wrong, I will not call bounce almost to the tick (lol) . That's 20 ticks difference.
However, still lot of VALUE in weekly levels. I just do not know how to trade in front of oil report.
I had 2 levels 97.76 and 97.40 as support but i still missed it.
Maybe , once a level was defended, i should have gone long at 97.90 ( when it pulled back) with stop loss at 97.39 and it was too much of a wide stop while CL was reacting to news.
Weekly A down was 97.73. Actual low was 97.53. Perfect failed weekly A down.
Quote from Maverick74:
I use 8:30 central time for Euro.
CL 97.73 and 100.77 for weekly and 96.43 and 106.40 for monthly.
Here was the original timestamp mfb.
01-23-12 01:20 PM
Quote from mfbreakout:
Hi Mav,
I am looking at Fish sheet for Euro Currency. He has trading hours as 2.30 am till 4.15 pm.
What time do you use for US session?
Also, weekly and monthly levels for CL.
Thx
I use 8:30 central time for Euro.
CL 97.73 and 100.77 for weekly and 96.43 and 106.40 for monthly.
short 99.48 , stop loss 99.61 cover 99.08.
My stop loss is a function of how much i want to loose as i assume i will get stopped out.
We have Mave. weekly level of 99.77, I have resistance at 100.23- 100.36. CL can run up and fail any where in between or just keep going up.
I never really know where CL may pullback or run up to. I have some levels and use STOP LOSS to test them and when price action is HYPER, I am risking 10 ticks, so i should be happy with 40 ticks or so gains, rather than waiting for bigger moves.
My stop loss is a function of how much i want to loose as i assume i will get stopped out.
We have Mave. weekly level of 99.77, I have resistance at 100.23- 100.36. CL can run up and fail any where in between or just keep going up.
I never really know where CL may pullback or run up to. I have some levels and use STOP LOSS to test them and when price action is HYPER, I am risking 10 ticks, so i should be happy with 40 ticks or so gains, rather than waiting for bigger moves.
Quote from Maverick74:
Here was the original timestamp mfb.
01-23-12 01:20 PM
Quote from mfbreakout:
Hi Mav,
I am looking at Fish sheet for Euro Currency. He has trading hours as 2.30 am till 4.15 pm.
What time do you use for US session?
Also, weekly and monthly levels for CL.
Thx
I use 8:30 central time for Euro.
CL 97.73 and 100.77 for weekly and 96.43 and 106.40 for monthly.
LOL. I was just trying to pick on your comment of almost to the TICK - as FUN. It's all good in CL land.
DXY down and CL looks like trying to claim 100 level.