That 30 VIX is a hard nut to crack.
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The ACD Method
- Thread starter sbrowne126
- Start date
Quote from Maverick74:
Watch that weekly in AAPL today. That will be your tell for equities. The weekly A up is 390.25. We need to CONFIRM, not just trade above it.
Sure enough, this turned out to be a great tell today. Weekly A up in AAPL 390.24. The high was 391.24. No confirmation. No market rally.
RMBS...Ouch! Shan, you catch any of that?
http://online.wsj.com/article/SB10001424052970203699404577041901234224874.html
Mav can you comment on this article. Am I understanding this correctly that the reason this article is bullish is that WTI will now compete with Brent crude or in a more global fashion.
Mav can you comment on this article. Am I understanding this correctly that the reason this article is bullish is that WTI will now compete with Brent crude or in a more global fashion.
Quote from kinggyppo:
http://online.wsj.com/article/SB10001424052970203699404577041901234224874.html
Mav can you comment on this article. Am I understanding this correctly that the reason this article is bullish is that WTI will now compete with Brent crude or in a more global fashion.
I'm by no means an oil expert so my guess is that by increasing the supply of WTI, the demand will be greater. The easier you can deliver oil to Cushing, the more oil will be sent there. It seems many large players were buying Brent due to the bottleneck in Cushing.
I'm definitely not the guy to ask though.
The cash players drive the price of oil, not the specs. And if the cash players moved to Brent vs WTI, that would explain the rich premium of Brent over WTI. This news seems to be blowing that spread out and causing the WTI shorts to cover.
US crude jumps on pipeline reversal plan
By Gregory Meyer in New York and Jack Farchy in London
US crude oil futures sprang back above $100 a barrel on plans to reverse a key pipeline that would reconnect the supply of West Texas...
The full article can be found at: http://www.ft.com/cms/s/0/294db806-1064-11e1-8211-00144feabdc0.html
this article seems to bear out the same conclusion.
By Gregory Meyer in New York and Jack Farchy in London
US crude oil futures sprang back above $100 a barrel on plans to reverse a key pipeline that would reconnect the supply of West Texas...
The full article can be found at: http://www.ft.com/cms/s/0/294db806-1064-11e1-8211-00144feabdc0.html
this article seems to bear out the same conclusion.
Mav what up how you been....man, i havent been on ET for awhile and this thread has just blown up....going to have to go through all these posts tonight...Mav, you free next week, we should grab a drink and burger at Ceres.
I hope everyone took todays late day C down in ES today...attached is a screen shot of my ES today. Orange line is the DAY OR, you should have been a bull all morning when we opened down, traded below the prev day low and that was rejected, then the A up level was broken through, we traded up to the pivot range, and tested the A up level again, made a new high into the WK OR, failed, and showed sell signals on Market Profile in those highs also, then we just sold off through the A up level and support, and down through the opening range (C down)....and closed on our lows....I didnt trade any ES during the day, I got wacked on the CL and 6E in the overnight session so i didnt take anything during the day (i hate overtrading when i'm already down money), but then had to take the C down setups on ES. I sold 1 ES on the break below 4750 then had some sell stops to sell more on the C down signal below the Opening Range 4275 - the red dotted line was my basically my stop, i then covered at around 3500 - the triangle trend/support line on the 60 min and day chart. I probably covered too soon cause most late day C down close on the lows, and have follow through, but whatever.
I hope everyone took todays late day C down in ES today...attached is a screen shot of my ES today. Orange line is the DAY OR, you should have been a bull all morning when we opened down, traded below the prev day low and that was rejected, then the A up level was broken through, we traded up to the pivot range, and tested the A up level again, made a new high into the WK OR, failed, and showed sell signals on Market Profile in those highs also, then we just sold off through the A up level and support, and down through the opening range (C down)....and closed on our lows....I didnt trade any ES during the day, I got wacked on the CL and 6E in the overnight session so i didnt take anything during the day (i hate overtrading when i'm already down money), but then had to take the C down setups on ES. I sold 1 ES on the break below 4750 then had some sell stops to sell more on the C down signal below the Opening Range 4275 - the red dotted line was my basically my stop, i then covered at around 3500 - the triangle trend/support line on the 60 min and day chart. I probably covered too soon cause most late day C down close on the lows, and have follow through, but whatever.
Attachments
Here we go, today's levels on SPY. I only had a scratch and missed the opportunity to short when it broke below the pivot range late in the day.
Overall I'd say I'm quite happy with my intraday levels, I'll try to spend some time this weekend to extend my indicator to longer timeframes, I'm really eager if there's a way I can calculate automatically the number and not having to write down every day in an excel file. I'll let you know if I have any success with that.
Overall I'd say I'm quite happy with my intraday levels, I'll try to spend some time this weekend to extend my indicator to longer timeframes, I'm really eager if there's a way I can calculate automatically the number and not having to write down every day in an excel file. I'll let you know if I have any success with that.
Attachments
Opened a long AUD/USD position at 1.0060 off the monthly A down level and a daily long signal based on my stats I've been playing with.