The ACD Method

Quote from mfbreakout:

out flat 27.08. Will re short into bounce.

OK, I'm going to put in a request here. Please no posting of trades, especially after the fact. If someone wants to call a trade they are "going" to take then that has value for the rest of the thread as others can take a look at it and comment or take the trade as well. But saying I shorted oil an hour ago at 81 and just covered is not adding any value. Mfb this is not directed at you personally, it applies to everyone. Personally I think posting any trades is silly as everyone here is on different time frames but if you want to post a trade you are taking right now or about to take then I guess I can see some value in that. I'm not the moderator of this thread so it's just a request. Thanks.
 
Quote from Quon:

Looks like crude wants to try lower. We'll see! I'd like to see 79 today personally, (I'm short for a quick trade, if I don't get 79 soon I'm out).

Closed this out when we made the reversal bar at 79.25. Didn't get my 79, may not now...
 
Quote from Maverick74:

OK, I'm going to put in a request here. Please no posting of trades, especially after the fact. If someone wants to call a trade they are "going" to take then that has value for the rest of the thread as others can take a look at it and comment or take the trade as well. But saying I shorted oil an hour ago at 81 and just covered is not adding any value. Mfb this is not directed at you personally, it applies to everyone. Personally I think posting any trades is silly as everyone here is on different time frames but if you want to post a trade you are taking right now or about to take then I guess I can see some value in that. I'm not the moderator of this thread so it's just a request. Thanks.

Sorry, Mav, didn't see this before my last post. Sounds good.
 
Quote from Quon:

Sorry, Mav, didn't see this before my last post. Sounds good.

No worries. It's just a major pet peeve of mine guys calling out trades after the fact. It makes my skin crawl. LOL. I also think it just degrades a thread in general. I try to talk about markets in a forward looking fashion so others can perhaps provide a counter point to a possible trade or possibly take the trade as well. These ideas are more longer term though so as not to clutter the thread. I'm not trying to piss anybody off here, just trust me, it will keep the quality of the thread at a much higher level.
 
Quote from mfbreakout:

yes, i shorted 79.78. cover 79.30. Holding runner with stop loss at 79.62
stopped out.

reshort 79.80 as CL came back to the CRIME SCENE after A down.

I deal target 79.40 but lunch hour so will manage accordingly

as on RUNNER stop out already gave POTENTIAL 30 ticks.
 
Quote from mfbreakout:

On monthly and weekly levels what is the time filter for confirmed weekly/monthly A down.

For example, if CL close today below 79.80 it will be considered confirmed monthly A down ?

Thanks,


A up in $ showed it's hand and CL went below 79.80 on strong sell volume.

I use one hour weekly confirmations and use a full trading session for the monthly. Some people like to use just the RTH session. Some people like to use just the close. Many ways to skin a cat.
 
Quote from mfbreakout:

stopped out.

reshort 79.80 as CL came back to the CRIME SCENE after A down.

I deal target 79.40 but lunch hour so will manage accordingly

as on RUNNER stop out already gave POTENTIAL 30 ticks.

Mfb, please see above post. Thanks.
 
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