The ACD Method
- Thread starter sbrowne126
- Start date
swing trades set ups per chart patterns. lets see if they match with ACD.
Quote from Maverick74:
RCG, where are ya man? EUR/JPY almost at parity! Get out of the damn basement.
Im up and out. Interesting that your recent posts seem to correlate to what I am up to as well. Start of a new quarter. And this quarter is the most important one as well. So my rules say I cannot even consider a trade until the end of the night today to determine if any A's were made based on the action of the last week of last quarter, which ended on 10/2.
Here's a trade I took today in YUM.
Yum beat on the top and bottom line, guided in line. But was catching no bids on market upticks throughout the morning.
Made an A-down through the pivot. I was short and ended up getting out with a scratch. In this case the 10 day ATR is 2.1. It reached that and more. I decided to keep the trade on as I wasn't aware of the ATR at that moment and it looked like it could move lower. In hindsight should've lightened up after it failed to run past the ATR...just frustrating to let good trades turn into scratches!
Yum beat on the top and bottom line, guided in line. But was catching no bids on market upticks throughout the morning.
Made an A-down through the pivot. I was short and ended up getting out with a scratch. In this case the 10 day ATR is 2.1. It reached that and more. I decided to keep the trade on as I wasn't aware of the ATR at that moment and it looked like it could move lower. In hindsight should've lightened up after it failed to run past the ATR...just frustrating to let good trades turn into scratches!
I've been trading CAD futures short as a proxy for the ES as it's much weaker. It looks like we're making a failed A-up right now on the ES, so I re-entered the short I had for a week and a half. My main system has had a short bias for weeks and didn't change yesterday, so I'm using this strength to jump back in. Hopefully we go back down to the OR.
Volume profile shows a spike in ES right at my A level, usually indicating a bit of resistance.
Volume profile shows a spike in ES right at my A level, usually indicating a bit of resistance.
I was looking at some day charts. If the market makes an A up, then turns and makes a C down, and then retreats to point D, are you done for the day?
Okay thanks I was wondering about that. Based on how I generate triggers I have a few charts where that happens and no triggers were generated. The market will slice right thru an A reverse straight to a C and the come back to a D. I interpreted that as an indication of a range bound market and time to look at system failure trades.