@hoop121 I've heard gulf basis on rbob is pretty pathetic as well, forwards trading well below board.
@logicaltrader I follow rb/ho, what are you wanting to know?
@logicaltrader I follow rb/ho, what are you wanting to know?
The ACD Method
- Thread starter sbrowne126
- Start date
I was looking for the 5 and 30 NL scores and proximity to Weekly/Monthly ADn. Thanks.
Mav may have a different answer, but for me, I don't use a NL on rb/ho. The reason for this is that, as a spread, it is extremely thinly traded. barely 800 as of 10:27cst. We look more at the difference in flat price NLs. so, example, if rb has a -10 and ho has a +10, then the spread we figure is a -20. We also look at a straight ATR based ACD style ranges based on 3 day / daily / hourly data, but that is close to the vest if you will.
Thanks.
Front spread closed at my Monthly Adown today. Of the 4 markets that I look at (flat price, front spread, z/z, WTI/Brent) this one has been the strongest relative to the others. So, if you're wanting to try and pick a bottom in oil. Buying Sep and selling Oct would be a decent way to do it, imo.
Does the ACD method have any tips for what i should do with my short on AQXP from 3 dollars?
j/k, i was long from 2.61 sold at 2.98(wanted to puke over the money i left on the table), but that move may have blown my firm out on friday, monday is going to be the moment of truth, id put it at 50/50 that the doors are going to be open monday morning, guess an entire branch piled into this thing short from 4 bucks. Bank auto liquidated all of us at noon on friday.
j/k, i was long from 2.61 sold at 2.98(wanted to puke over the money i left on the table), but that move may have blown my firm out on friday, monday is going to be the moment of truth, id put it at 50/50 that the doors are going to be open monday morning, guess an entire branch piled into this thing short from 4 bucks. Bank auto liquidated all of us at noon on friday.
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A few HomeGamer number lines and returns as of Friday. These number lines created with a 10 minute OR and a 10 minute confirmation.
Overall Market:
>The Dow Jones ETF (DOW) went Fisher 30 day negative on 6/25. Since that date it’s down 2.69% and not showing any strength. Five days into the new month and the 5 day is -10! and the monthly is -10! We all know the 5 day is mean reverting so we expect some hold here but still … weakness.
>The SP500 ETF (SPY) on the other hand did not go negative for me until 7/6 and has not lost ground. But, its momentum is strongly negative with a 5 day at -9 and a monthly at -9. I see no strength in the big picture.
Sectors:
With the exception of Consumer Staples (XLP) and Real Estate (IYR) all the other Sectors are confirmed negative. XLP went positive on Thursday and I’m going to add a bit to my real money retirement MF’s on Monday. IYR has been positive since 7/16 and I added a bit shortly after that.
Bonds:
The 7-10 year (IEF) and 20+(TLT) have both responded nicely since going positive in mid July. IEF had a perfect failed Monthly A Dn on Wednesday and then a good Thursday and Friday. TLT didn’t pull back to my A Dn level but it too performed well on T & F.
Overall Market:
>The Dow Jones ETF (DOW) went Fisher 30 day negative on 6/25. Since that date it’s down 2.69% and not showing any strength. Five days into the new month and the 5 day is -10! and the monthly is -10! We all know the 5 day is mean reverting so we expect some hold here but still … weakness.
>The SP500 ETF (SPY) on the other hand did not go negative for me until 7/6 and has not lost ground. But, its momentum is strongly negative with a 5 day at -9 and a monthly at -9. I see no strength in the big picture.
Sectors:
With the exception of Consumer Staples (XLP) and Real Estate (IYR) all the other Sectors are confirmed negative. XLP went positive on Thursday and I’m going to add a bit to my real money retirement MF’s on Monday. IYR has been positive since 7/16 and I added a bit shortly after that.
Bonds:
The 7-10 year (IEF) and 20+(TLT) have both responded nicely since going positive in mid July. IEF had a perfect failed Monthly A Dn on Wednesday and then a good Thursday and Friday. TLT didn’t pull back to my A Dn level but it too performed well on T & F.
Does the ACD method have any tips for what i should do with my short on AQXP from 3 dollars?
j/k, i was long from 2.61 sold at 2.98(wanted to puke over the money i left on the table), but that move may have blown my firm out on friday, monday is going to be the moment of truth, id put it at 50/50 that the doors are going to be open monday morning, guess an entire branch piled into this thing short from 4 bucks. Bank auto liquidated all of us at noon on friday.
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dang Max, sorry to hear. I'm sure you can't divulge the name of the firm, but do let us know how it works out for you. I was on a desk like that for about a year, can't believe Risk Management would let one whole division / branch get on one side of a trade like that. Would think they'd stop it after a few traders all in the same position.