The ACD Method

Quote from kinggyppo:

this chart just blows me away I will leave it to you to connect the dots here.

CME failed at both my weekly and monthly A ups in the 277 to 279 area.
 
Quote from RCG Trader:

aud/usd

I have seen others say, " Aum"

I remember that post in this thread -- the guy was talking about assets under mgmt though.

I logged on just to note AUD/USD also (the futures contract). I'm actually of the opposite opinion of Mav here, but am not yet solid. Below monthly and weekly (using FXA for my levels though; the continuous contract has slightly less favorable levels), and like it short if we make a daily A down.
 
Quote from Samsara:

I remember that post in this thread -- the guy was talking about assets under mgmt though.

I logged on just to note AUD/USD also. I'm actually of the opposite opinion of Mav here, but am not yet solid. Below monthly and weekly (using FXA for my levels though; the continuous contract has slightly less favorable levels), and like it short if we make a daily A down.

I would buy the "failed" monthly A down "if" it fails. Right now I have no signal in AUD/USD long or short.
 
Quote from Samsara:

I remember that post in this thread -- the guy was talking about assets under mgmt though.

I logged on just to note AUD/USD also. I'm actually of the opposite opinion of Mav here, but am not yet solid. Below monthly and weekly (using FXA for my levels though; the continuous contract has slightly less favorable levels), and like it short if we make a daily A down.

It's building a lot volume right above the daily A level though (facilitating trade in market profile parlance), which is usually not the best sign for a short. Per ACD, you usually want it to cut through in a low liquidity fashion and keep going. Otherwise "next".
 
Quote from Maverick74:

I would buy the "failed" monthly A down "if" it fails. Right now I have no signal in AUD/USD long or short.

Ah right, I hear ya now. Makes sense.
 
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