Monthly A up in the ES is 1290. There is a 90 delta we tag that next week.
The ACD Method
- Thread starter sbrowne126
- Start date
Not really. LOL. My levels seem to be similar to others. I don't want to have my "exact" parameters out there because I don't want everyone using my levels by default. I also don't need stop traffic around them.
Jesus that Euro is on fire today. Massive short squeeze. Wowsers.
Quote from Shanb:
Not so much the level, but how do you know there is a 90% probability it will touch it. Just by experience, intuition, or some process. If you don't want to share in public thats fine
A levels are magnets. Price gets pulled to them. If we fail at one A level price will usually try to tag the other one. So seeing the underlying strength in the market, we should at the very least tag the A up. Good chance we even go though it. A levels are great to use for profit targets whether intra-day, weekly, monthly or QTRly. They really work.
Case in point. My weekly A down for the ES was 1226.75 as I posted on this thread. Once we failed there the target now becomes the weekly A up which is 1269.75. Sure enough, the high so far today is 1264.75. This is how you use the profit targets.
Quote from Shanb:
Looks like they trapped shorts on that initial flush down...think there is good chance we may touch it. Incidentally the low of the day is 10 cents from my A-down...was watching for a possible fade but it never got there.
Pretty slow day...see anything good King??
Do you know what a "run" is?. This is when a momentum stock or spy whatever takes off in a certain direction, I noticed aapl was down with the rest of my board green. It is logical to think that aapl will catch up. I got long when it was down 2.50 and just covered close to pivot. I don't post scalps cause you can get burned trying to follow someone else. The real scalping technique is trying to find a stock that will "run" from lets say r1 (resistance ) to the pivot or vice versa. Hope that helps. This is where watching the tape is helpful. By the way this is almost exactly the same idea as a failed a down or failed a up, different ways of saying the same thing.