The ACD Method

kinggyppo · Nov 10, 2011

Quote from Maverick74:

OK, so here is the breakdown. If you want to be long, be long oil. If you want to be short, be short copper. If you want to get chopped up, trade ES.

Copper confirmed weekly A down and can't find a bid it likes. Crude oil is eating up all the offers.

Gold getting decimated. Trying to confirm weekly A down.

LOL, es low for the month 1208 would not be surprised to see a retest, as I said if the bears can close under 1220 then 1180 may be next. Shan B notice how es bounced off 1220 area.

kinggyppo · Nov 10, 2011

Quote from Quon:

This is a really nice resource, lots of stuff posted here that gives you a good "food for thought" first impression.

Many Thanks

he covers more of the math issues such as skew and kurtosis better than most graduate programs, also makes downloading stock data a breeze. He can be a little confusing but for guys that don't program in Matlab it gets the job done, good trading all!

Maverick74 · Nov 10, 2011

Crude oil gunning for the A up. Watch crude! You cannot short this market if crude stays above 97.00.

kinggyppo · Nov 10, 2011

Here is another site I have posted this a few times in es thread. This gives you all the lovely charts of market profile without the monthly fees. Please ignore if you think market profile is bunk.

http://www.charthub.com/

Maverick74 · Nov 10, 2011

OIL!!!!!!!!!!!

My A up is 98.10. I'm just sayin.....

Maverick74 · Nov 10, 2011

Nat Gas nice bounce off the monthly A down. Upside target now is 4.07, the monthly A up.

Maverick74 · Nov 10, 2011

Upside target for the ES today is 1251. Bonds breaking down here.

Maverick74 · Nov 10, 2011

AUD/USD and AUD/JPY both bounced off their monthly A downs today. Giving one a low risk long entry on either one.

Shanb · Nov 10, 2011

Do you think this market can sustain strength without oil? We failed at the A-up for now.

Maverick74 · Nov 10, 2011

Quote from Shanb:

Do you think this market can sustain strength without oil? We failed at the A-up for now.

I think oil has some other drivers right now which makes it such a great long. The oil/copper spread is very smooth. I don't think oil is driving the ES higher. I think the currencies are providing more support for the market right now then oil as well as the selloff in bonds. If oil goes through 100 it will probably be a negative driver for the ES, not positive. It's all about looking at relationships. The entire market is one big relative value bet. You just need to find that "value".