The ACD Method

Quote from gptrader:

Glad I read this thread. Thank you Mav, this level made my week. You deserve a great weekend for posting such an enormously powerful signal!
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Indeed, Mav is an excellent lighthouse for experienced traders. I visit this thread just to see his commentary. When he felt the ES might break down, I bought the dollar and sold the Aussie, had a great week. I know he felt the dollar would not be a smooth trade, but some choppiness is actually good for my system.

Keep it up, Mav!
 
Kinda got tired of ET like CNBC, but it's good to see this highly productive thread is still going. Just open a browser to ET after months and it's still hitting the top of the board.

Baron should buy Mav a lox bagel, some sunchoke soup, a Shake Shack burger, and few tumblers of peaty Laphroaig. Best o' luck to the smart folks who follow along.
 
Quote from Shanb:

Wow....4 really bad days and no bounce. Check out the 5 day NL
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Getting close to unch on the year which is my ideal target. As I was telling Shan, markets rarely bottom on Fridays. I'm guessing Tuesday is our day. Somewhere between 1260 and 1275 which I'm guessing is going to be the weekly A down.

BTW, anyone seen Natty today?
:)
 
Quote from Shanb:

Wow....4 really bad days and no bounce. Check out the 5 day NL
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Ugh, yeah. Banks, tech, energy. Coming into this week my multi-week swing line was telling me that XLY was gonna stink up the joint, (I was kinda hesitant given retail and select consumer discretionary has held in ok) nope. They're selling everything... except nat gas and bonds.
 
Quote from Shanb:

Hmmm definately was aware of that dynamic this week!

Only two shows of strength today were AAPL and the fact that homebuilders held in relatively OK today. Not alot to hang your hat on, but its there
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Remember, it's always looks the scariest right before the bottom. :)

I will say given today's action, I would have thought Bonds would have gone vertical and they didn't. Basically unch on the day.

Also BAC was green?

And what the hell happened to GOOG? FB giveth and FB taketh away.
 
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