The ACD Method

Quote from CoolTraderDude:

So does this method work...? What's the verdict of you guys using it with live money...? It seems really complex and there are way easier ways to trade...

I also don't think that there is any significance to the opening bar... :p
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For lurkers.......

This method is an adjunct to what you already do. If you do not have a signal generator, there is nothing for you in this thread.

That is my last post to you up here.
 
Quote from Maverick74:

I'm going to say this again for you FX guys out there: Mexican Peso over the Dollar! Still going and going and going....
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Daily chart does look nice:)
 
Quote from Maverick74:

Here you go. Here is the IWM/DIA spread. Nice and smooth.
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I've been holding this spread with 2*IWM, adds risk, but haven't needed to do any trading with it except balance it when the markets consolidate and bang hard on it when it starts ripping up. Full credit to maverick for posting this spread a few months ago, makes live a bit easier.
 
I just found this ETF that replicates being long Gold and short the S&P 500 with two times leverage.

Ticker is FSG. Never seen this one before. It's a more margin friendly way of putting on this spread. This thing is a beast though. It doubled in price during the August meltdown and since came off 50%! Well, it's cheap now! With the S&P being over extended here and Gold holding a nice bid poised to go higher, this might be a good trade!
 
Quote from Maverick74:

I just found this ETF that replicates being long Gold and short the S&P 500 with two times leverage.

Ticker is FSG. Never seen this one before. It's a more margin friendly way of putting on this spread. This thing is a beast though. It doubled in price during the August meltdown and since came off 50%! Well, it's cheap now! With the S&P being over extended here and Gold holding a nice bid poised to go higher, this might be a good trade!
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The more I think about this ETF, I actually love this trade at this price. Carry on...
 
Quote from Maverick74:

I just found this ETF that replicates being long Gold and short the S&P 500 with two times leverage.

Ticker is FSG. Never seen this one before. It's a more margin friendly way of putting on this spread. This thing is a beast though. It doubled in price during the August meltdown and since came off 50%! Well, it's cheap now! With the S&P being over extended here and Gold holding a nice bid poised to go higher, this might be a good trade!
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OK, so looking at the levels on this, the monthly A down is 28.23. We pierced that on Friday. If we confirm on Monday, I would not buy it. If this level holds though and we get back above 28.23, you have a nice tight entry on this.
 
Quote from Maverick74:

OK, so looking at the levels on this, the monthly A down is 28.23. We pierced that on Friday. If we confirm on Monday, I would not buy it. If this level holds though and we get back above 28.23, you have a nice tight entry on this.
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BTW, FSG is optionable.
 
Quote from Maverick74:

OK, so looking at the levels on this, the monthly A down is 28.23. We pierced that on Friday. If we confirm on Monday, I would not buy it. If this level holds though and we get back above 28.23, you have a nice tight entry on this.
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I'll be watching it :). Market does look overextended...seems like you are looking for a significant pullback here?
 
Quote from Shanb:

I'll be watching it :). Market does look overextended...seems like you are looking for a significant pullback here?
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Well....I like spreads. LOL. I think FSG is better then trying to short this market outright. I think if the ES keeps grinding up to 1350 to 1375, Gold should keep up thereby FSG will begin to form a base. If Gold breaks out and takes out the old highs, it will far outperform the ES. If we roll over, there is a good chance Gold will pullback as well, but I feel better now that Gold had a decent washout back to the QTR A down. There is a slight chance that all hell breaks out in Europe where ES tanks and Gold breaks out to the upside. In that scenario, FSG doubles in price back to $55 and beyond. So it seems like a cheap shot at a trade that could go parabolic if you are right and simply go sideways if you are wrong. I like those kind of trades.
 
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