Traded up to the monthly A up within a half a penny and failed.
The ACD Method
- Thread starter sbrowne126
- Start date
Traded up to the monthly A up within a half a penny and failed.
Amazing! Thanks.
For anyone interested. Today would be a good example of what I was talking about here. Sharp sell off in the AM all the way to the ATR in RB and CL. HO timed this perfectly with a failed A dn. Today, bus people had the opportunity to get on board the reversal. What are the odds that we get a new low today? Its a good pattern for anyone interested in researching further for their own use. Tie this into the macro ACD picture and it could be useful.
I use the first two weeks just like Fisher.
Hey Max. Come on in...the water is warm.
Equity highs on today's marks. The last couple of months have been great. But I really pick my spots. I'm not actively daytrading. I'm also not tied to any one group of assets. I'm more of a macro trader. If I had to daytrade these markets every day I would go insane. I just don't think there is that much edge given the amount of noise you have to put up with. Are you only doing equities?
Im almost all equities, but this year my systems stuff has completely failed, reversion stuff, but not enough fills anymore to make up for the bad stuff seems like all we get on systems these days is shit that steam rolls us. In retirement accounts ive been doing alright trading Sector ETF's off of technical support and resistance levels, ive found they really respect their levels, like BIB was just money buying the dips all year at support, but unfortunately i never have the balls to go all in.
Other than that ive been finding im going to the real sewer lately to make money, like shorting B.S. small caps that go vertical when they are dog shit companies that are just dilluting share holders. RIVT was pretty sweet, check out that chart, these dumbasses bought it up from a half a cent to 60 cents because Tesla boought out a company with the same name, the idiots buying it had the wrong company. Shorted 20k shares of it, and i have had half my account at IB locked up ever since, cause they were charging me 2.50 a share to cover it, it was free money, but they still havent reopened it, and its been months, didnt see that coming.
Slowly tring to get more balls doing that, but its been a huge adjustment, went from making 1-3k a day on systems over 10 positions to trying to make 1-3k on 1 or 2 positions. Its been a real learning process trying to hold on too homeruns when 1 trade makes your day. With mean reversion systems it was just about executing the process to the tee cause stats backed it up, this is totally different.
This has been the worst year of trading for me since pre 2008, that move in oil in october sent all my systems out of whack, and i dumped half of 2014 in a month, i expected it to bounce back cause november through march was always the best times for it, but it just got progressively worse. Ive been finding that more and more when a stock steamrolls you it doesnt bounce, but just keeps going and grinds you into dust with algos taking more and more of the volume, as opposed to humans trading.
Max, the only advice I can give you is try to evolve. The biggest mistake traders make is in labeling themselves as one type of trader or focusing only on one product. We talk about everything here from equities to interest rates, currencies, commodities and all the spread combinations of them all. If you hang around here you are going to learn a lot about the Yen.
I don't know the 10 over 2 symbols but to see the actual yield curve movement for the NOB spread on IB you need to create an untradable virtual security "TYX" - "TNX" then you can look at the yield move with the normal chart button.