The ACD Method

Bonds another new high today at 143'10. Third monthly A up in a row in this monster. This month's level was 139'14. Amazing.

fut_chart.ashx
 
this is the kind of shit that will end your career, I keep trying to warn folks to trader smaller. This vol is for cowboys only, nasty end of day sell off.
 
Quote from kinggyppo:

this is the kind of shit that will end your career, I keep trying to warn folks to trader smaller. This vol is for cowboys only, nasty end of day sell off.
More...
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Agreed on trading smaller size. With patience and waiting for good risk/reward level, these days are trad-able.


I do not traded as i wanted either. This is for analysis and reflection

http://www.screencast.com/t/aizvxKhhbaR
 
Quote from mfbreakout:

.

Agreed on trading smaller size. With patience and waiting for good risk/reward level, these days are trad-able.


I do not traded as i wanted either. This is for analysis and reflection

http://www.screencast.com/t/aizvxKhhbaR
More...

Someone asked me about importance of 1190. 1190 is only important because that was the level taken out when FOMC news came out. Some traders may have more elaborate explanation. I keep it simple. If at 2.30 pm 1186 was the level instead of 1190, then 1186 is important level for me.

Anything before 2.30 pm is of interest to me. New facts came out at 2.30 and market responded. As long as facts have not changed today, to me shorting 1190 area on bounces is a free gift from trading GOD.

I just get amazed that we get opportunity to short at the same level where first sell off started after the news. I feel for traders who were trying to get long on bounce as a sign of strength.

I do not blame them. It has happened many times over last 6 weeks that after a sell off , E-mini bounced 30-60 handles.

However, today one thing was different. Due to strength in DXY, trade was RISK OFF and as long dxy showed strength, I am shorting the hell out of 1190 level.
 
Quote from mfbreakout:

Someone asked me about importance of 1190. 1190 is only important because that was the level taken out when FOMC news came out. Some traders may have more elaborate explanation. I keep it simple. If at 2.30 pm 1186 was the level instead of 1190, then 1186 is important level for me.

Anything before 2.30 pm is of interest to me. New facts came out at 2.30 and market responded. As long as facts have not changed today, to me shorting 1190 area on bounces is a free gift from trading GOD.

I just get amazed that we get opportunity to short at the same level where first sell off started after the news. I feel for traders who were trying to get long on bounce as a sign of strength.

I do not blame them. It has happened many times over last 6 weeks that after a sell off , E-mini bounced 30-60 handles.


Correction " Anything before 2.30 pm is of NO INTEREST to me", i meant to say.

However, today one thing was different. Due to strength in DXY, trade was RISK OFF and as long dxy showed strength, I am shorting the hell out of 1190 level.
More...
 
Mfbreakout,

Totally agree. I had a confirmed A down in the SPY today and saw that bounce off the fed right on up to 120.17, (cents away from the bottom of my 3 day at 120.23). I knew folks had to be getting long, but were on the wrong side.

Didn't take the trade, (felt like watching the Fed action today for a learning experience) but man did it work!

ACD I love ya!
 
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