The ACD Method

True - I had 2 separate levels - I hit both with a .20 stop - one stopped out and the other is working now ...
I figured only way to learn is to use various entries and see what works ..
Using extended session versus Pit for the ATRs produces different values - small difference but larger than the stops I want to use on CL ..
 
Quote from partha:

93.75 Entry on CL ... on the money
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For a confirmed A Down, one would want it to trade below the level for at least half the duration of the OR.

Don't you wait for confirmation before entry? Or were you going long counting on a bounce?
 
CL just fell out of bed

There is a lot of dribs & drabs selling from trapped longs

It might just retest 93.20 after all

If you look at its brethen RBOB & HO, they are both up a good %.

CL can't catch a bid for unknown reasons...
 
also failed monthly A down on USDJPY...any opinion on this pair? I feel like everyone is long this pair and it's due for a major retrace.
 
Quote from koolaid:

also failed monthly A down on USDJPY...any opinion on this pair? I feel like everyone is long this pair and it's due for a major retrace.
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Folks may be long this pair, but the fact is there are fundamentals at play.

Per the article, Japan still has about a year of QE to go, and that is weakening the currency. The fact that the US has started to taper is strengthening the dollar.

http://www.theguardian.com/business/2013/apr/04/japan-quantitative-easing-70bn
 
I am glad I found this thread. Bought the book 3-4 months ago and read it at least twice. Still read sections from the book every other day. Programmed everything according to the book and adjusted and validated it using MBFCC's trial subscription. I was plotting ORs, daily, rolling, monthly pivots, A, C values. I had the 10 and 30 day ATRs high/low values collapsing as price made new highs/lows etc. and a few more meaningful levels.

I thought I was on the right track until I started reading this thread. To day I was surprised would be an understatement. I would have never thought about weekly, monthly, yearly ranges and targets and incorporating those in making intraday trading decisions. So just wanted to say thank you - especially to Maverick. Some of his posts actually made light bulbs pop up above my head :D, made me think "outside the book".

Still reading this thread so trying to not throw any questions out there. I will be lurking until I have something to contribute or a question that I cannot find an answer for myself.

Thanks again.
 
Quote from cdcaveman:

It says a lot when Paul Tudor Jones writes your foreword.. Just saying
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You mean that guy who ran that fund that had 100% plus returns for it's 5 years? The fund that is still around? I would think he knows something about trading.
 
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