The ACD Method

[kinggyppo]

Quote from Maverick74:

So just for the record, I'm the only one watching the market today right?

I thought you were posting all of this from Ceres.

 

[Maverick74]

This is basically what we are dealing with today folks. These are the 9 SPY select sector ETF's. It's a good way to get a quick look at the price action and break everything down and see what is doing what. As you can see, only energy confirmed an A down today. All the other sectors failed at the A ups and A downs. Directionless market.

 

[Maverick74]

Sorry, here is the attachment.

 

[Maverick74]

Tech is really weak today across the board. Might be options related, who knows. But the big tech names are getting sold.

 

[atrocious]

Quote from flip:

Regarding "MF related": CME is liquidating all remaining open positions of MF Global accounts today (and started yesterday)

Flip -

Do you have a link by chance on CME that describes the 11/17-11/18 liquidations?

Pretty good volume and very sloppy selling in some of the softs today, probably worth a look on any reversal if the selling was artificial.

Thanks

 

[Redneck]

Quote from Maverick74:

Tech is really weak today across the board. Might be options related, who knows. But the big tech names are getting sold.

Yeah they were



On another note

Mav

I had someone go thru this thread and consolidate down the pertinent info (posts) into word


You want a copy – pm me an email and I’ll send it to you

This thread is one of the good ones Sir (Thanks to many)


RN

 

[Maverick74]

Quote from Redneck:

Yeah they were



On another note

Mav

I had someone go thru this thread and consolidate down the pertinent info (posts) into word


You want a copy – pm me an email and I’ll send it to you

This thread is one of the good ones Sir (Thanks to many)


RN

Sure, I would love to get a copy of my work.

Thanks RN.

 

[Quon]

Quote from flip:

Regarding "MF related": CME is liquidating all remaining open positions of MF Global accounts today (and started yesterday)

Wow, that's it then huh? Man, I was looking at my screens this week thinking "where the hell is this coming from?" Mav said it looked like some forced liquidation, nice to have some confirmation of that.

 

[Redneck]

Quote from Redneck:

Mav

I had someone go thru this thread and consolidate down the pertinent info (posts) into word


You want a copy – pm me an email and I’ll send it to you

This thread is one of the good ones Sir (Thanks to many)


RN

Regarding this

I’ve received a couple of PM’s requesting these notes

They are Mav’s notes, not mine – you want em – ask him


I believe I help on this forum, in other areas, already…, I’m not going to become anyone’s stenogopher to boot

Next someone will be asking me to enter and exit for them

No Thanks

=====================================================================

Imo there are two stellar tech threads going – this one…, and Simplicity in TA

Dig into them…, tear em apart…, and learn both

Do that, you’ll have a working…, profitable approach…. (but then these are a dime a dozen)

Just realize after you’ve worked through them and got it…, you still have the internal education to learn (hardest of all, not in my opinion…, but from my experience)

=====================================================================

In the end, it all still boils down to this;

KISS
Lose small
Let winners run
Pour on the wood when you’re right
Remain disciplined, patient, open and unbiased, and humble throughout your career
No one knows what the hell is going to happen next
Wash, Rinse, Repeat – until the day you retire from trading

First lesson - learn to do the necessary work


RN

 

[Maverick74]

Quote from Redneck:

Regarding this

I’ve received a couple of PM’s requesting these notes

They are Mav’s notes, not mine – you want em – ask him


I believe I help on this forum, in other areas, already…, I’m not going to become anyone’s stenogopher to boot

Next someone will be asking me to enter and exit for them

No Thanks

=====================================================================

Imo there are two stellar tech threads going – this one…, and Simplicity in TA

Dig into them…, tear em apart…, and learn both

Do that, you’ll have a working…, profitable approach…. (but then these are a dime a dozen)

Just realize after you’ve worked through them and got it…, you still have the internal education to learn (hardest of all, not in my opinion…, but from my experience)

=====================================================================

In the end, it all still boils down to this;

KISS
Lose small
Let winners run
Pour on the wood when you’re right
Remain disciplined, patient, open and unbiased, and humble throughout your career
No one knows what the hell is going to happen next
Wash, Rinse, Repeat – until the day you retire from trading

First lesson - learn to do the necessary work


RN

RN, thanks for the notes. There really is a lot of material on this thread. I also completely respect your stance on intellectual property. That is VERY rare these days. I had a rather lengthy thread similar to this one on rape reading listed stocks several years back. And someone told me that some prop firm actually copied all the notes from that thread and gave it to their new recruits to learn tape reading. I had mixed feelings about that.

At the end of the day I contribute openly here knowing it's public domain. I think knowledge should be shared and perhaps the karma will come back to me at some point in my life. God knows I've built up enough credits!

It's also very encouraging to hear so many people tell me that this is one of the best threads on ET. I'll do my best to keep the content high quality here. I also encourage the lurkers to jump in and get involved. My biggest regret as a young student in school was not asking more questions. And like your teachers always use to tell you, if you have a question, everyone else probably has the same question as well.