The ACD Method

Quote from Maverick74:

Once again, the strong number line in CL is showing itself. Failed A down this morning and now a confirmed A up. Going for a plus 3 day here.

BTW, my weekly A down in CL is 75.13. Actual RTH low was 75.17.
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For weekly A downs/ A ups, what do you use for time filter for confirmation? one day, 2 days?

Thx
 
Wow! Can't believe I didnt take that. Was watching SODA too...its CB'ed literally no upticks in the last 20 minutes
 
You know, it's interesting, but this happened last Tuesday too. SPY confirmed an A up on an inside reversal and then went into free-fall on the way to a C down. Apple did that today, (though we all know how it sells off on the unveiling of a new product).

Lot's of A ups today around mid-day and now it looks like we're giving it up again, (like last Tuesday). At least we ran to the daily ATR in most cases today...
 
Quote from Quon:

You know, it's interesting, but this happened last Tuesday too. SPY confirmed an A up on an inside reversal and then went into free-fall on the way to a C down. Apple did that today, (though we all know how it sells off on the unveiling of a new product).

Lot's of A ups today around mid-day and now it looks like we're giving it up again, (like last Tuesday). At least we ran to the daily ATR in most cases today...
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You have to pick your spots. Don't over trade getting in and out in and out. Look for the high probability set ups.
 
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