The ACD Method

[kinggyppo]

Quote from kinggyppo:

buystop at 356 for prop, 2 point stop

lets see if it touches 354 again today

 

[Samsara]

Quote from kinggyppo:

lets see if it touches 354 again today

Are these trades based on ACD?

 

[kinggyppo]

Quote from Samsara:

Are these trades based on ACD?

no price action watching the tape

 

[mfbreakout]

Quote from mfbreakout:

if anyone traded cl from short side, i will appreciate their feed back as i suck on shorts on A up days. Longs all day long but there were plenty of shorts which i missed.

long set up on pullback.

<a href="http://www.screencast.com/t/yjejnrZi">2011-10-04_1435</a>

another retest of or lows of 75.30 got defended and BOOM.

http://www.screencast.com/t/XwaIQLf02AV

 

[kinggyppo]

Quote from mfbreakout:

another retest of or lows of 76.30 got defended and BOOM.

http://www.screencast.com/t/XwaIQLf02AV

I was gonna say Boom myself, this kinda tape is something to be excited about, lots of opportunity long and short.

 

[kinggyppo]

Quote from kinggyppo:

lets see if it touches 354 again today

I think its safe to say appl won't touch 354 today...

 

[Maverick74]

Quote from kinggyppo:

I think its safe to say appl won't touch 354 today...

Monthly A down in AAPL is 360.50. Perfect wick off that level on the daily.

 

[kinggyppo]

Quote from Maverick74:

Monthly A down in AAPL is 360.50. Perfect wick off that level on the daily.

looked like a fund getting out of a position, those mutual funds are usually great at getting out at the low tick with other peoples money.

 

[Maverick74]

Just for the record. Intra-day A down in ES 1066. Actual low 1068. That's 47 handles off the failed A down. No, I didn't take it. I don't like to take failed A downs after a confirmed weekly A down which was 1095. This is where having too many time frames can sometimes hurt you or keep you out of a trade. Take the good with the bad.

 

[Samsara]

Quote from Maverick74:

I don't like to take failed A downs after a confirmed weekly A down which was 1095. This is where having too many time frames can sometimes hurt you or keep you out of a trade. Take the good with the bad.

Thanks for the thought/insight. Multiple time frames can often complicate my decisions, so it's good to hear that's not uncommon.

I'd been sitting on a trending short for 5 days. Sat through that 30 min rally through the pivot/volume profile, then gave up and covered at the very end. Hate unexpected moves like that, that don't give a moment to figure things out.