The ACD Method

Quote from drm7:

Kind of a dull day for CL. ACD kept you out of the chop, though.

If Tony Crabel's right, tomorrow could have some fireworks. Today was NR4, NR7, NR10...(That's sort of equivalent to MBF's "tight pivot range," I guess.)
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Yes tight 3 day rolling pivot, Monday pivot tracker value of 13, Tuesday, plenty of macro head winds calls for a VOLATILE day.

Does anyone has any reading material on Tony Carbels method? I have not been able to find except for some basic stuff.
 
Quote from mfbreakout:

Yes tight 3 day rolling pivot, Monday pivot tracker value of 13, Tuesday, plenty of macro head winds calls for a VOLATILE day.

Does anyone has any reading material on Tony Carbels method? I have not been able to find except for some basic stuff.
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I have his out of print book somewhere on PDF. I'll look around for it.
 
Quote from Shanb:

ASML-long
SLG-short
DB-long

I'll post more specifics in my log if your interested
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I meant to respond to this the other day. No matter what single equity you are trading you have to pay attention to spy or es. Sp500 is by definition the beta of the market, so if the spy sells off 1.00 in the first 10 minutes you want to be short biased period. Hard to escape this conversely you can use this to your advantage , if the equity you are gonna trade has a dip then you see spy rally it may be time to enter with a tight stop.

I also watch aapl very closely, it is probably the momentum stock and is a minor leading indicator for me. For example aapl is up while the spy is down, so I may be more inclined to take a scalp long on spy knowing aapl is holding up.
 
Quote from Quon:

Funny that Mav posted the bit about the first hour pivot high just yesterday. I actually decided to re-read the book again over the weekend, and I can't believe how stupid I've been with this stuff.

Seems like every time I read it, (and Lou mentioned this in the recording MFbreakout provided us with) I think, god, how the heck did I miss this concept last time.

I think the key here is don't over-trade,(duh, how many people have posted this before). Don't get blown-out. Hang in there. Be patient, and eventually you'll learn enough to start making more profitable trades than loosing ones.

It's like even though I know it's not magic I have to wake up each morning, stare in the mirror and tell myself, "hey idiot, it's not magic, don't be stupid today." That method actually seems to be working so far... hahaha
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When you get up in the morning you should say " I am the world's greatest trader" 100 times. Do this for a week and let me know if your p & l improves.....:)
 
Actually it's ironic, the "hey stupid" seems to be working. I think my subconscious thinks it knows better, when in fact I need to keep the "I know nothing, so trade ACD" mentality in the forefront of my mind.

Don't worry, I'm not TOO harsh on myself!
:)
 
Quote from Quon:

Actually it's ironic, the "hey stupid" seems to be working. I think my subconscious thinks it knows better, when in fact I need to keep the "I know nothing, so trade ACD" mentality in the forefront of my mind.

Don't worry, I'm not TOO harsh on myself!
:)
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I know nothing is very much correct, (see Taleb) I say that all the time let your stops be your guide. :)
 
Quote from kinggyppo:

look at ten minute on spy it has held the lows 3 times and then made a slightly higher high what does that tell you?
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as soon as I said this they broke the lows, fu%^ers!
 
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