The ACD Method

Quote from Shanb:

Good advice. As of late...I think I have found an approach to trading that works for me. Creating a process and executing it. A grey-box sort of approach. For the first time in my career, things are actually getting consistent and this is on most types of days(trending-ranging). The Stat arb stuff is simple and intutitive to me, as is ACD. Truly glad to be making some progress.
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very good, trust me the best traders keep it simple. The guys at your firm don't give a shit if you had a great thesis if you blow out. :)
 
Quote from RedDuke:

Mav,

Got the book and started to read it. Looks like it will be very entertaining.

redduke
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I just finished it. Loved it! That guy in that book reminds me of my self in many ways. Very entertaining read. This book btw is NOT about the fall of Lehman. Just a heads up. Although it ends with the fall of Lehman. The book is about trading! And actually very educational. It gets 5 stars from Mav.
 
Gold has been struggling all day to get above the monthly A up. Unreal how that level has held the entire session. That level being in the 1788 area.
 
fut_image.ashx


Weekly snapshot. Were you in the right products this week?
 
What to watch next week:

Coffee. Sitting right at the monthly A up with a plus 12 number line on the month. My monthly A up is 237.50 on the futures. And 59.91 on the ETF ticker JO.

Also, regarding these grains. They have very strong number lines as they are trading into their monthly A downs. I think these are a buy if they bounce off those levels. Corn is a plus 5 and Wheat is a plus 4.

Crude is a plus 4 and is the strongest of the risk assets.
 
Also watch dollar yen next week. Despite the BOJ intervention, the pair is now breaking down again. USD/JPY closed below the monthly A down today and I will be looking for a confirmation next week.
 
AAPL traded down to 380.26 today before bouncing 4 pts. The monthly A down was 380.35. Nine cents!!! Very low risk entry there for a re-test of the monthly A up at 412.37.
 
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