The ACD Method

Nice A down in CL of 8.30 to 9.15 am OR for 11-28-2011. Still on vacation. So no charts.



OR was 99.79 to 99.12. Once a clean A down was confirmed ( meaning price stayed below $ 99 level for 20 minutes) playground was defined for day trading and nice shorts were in order.

Did not matter that /ES was up 40 handles and DXY was down .50 cents. 8.30 to 9.15 OR gave nice shorts in CL. In the end ACD is a beautiful price action based method.

I am sure there were some long set ups also, but easy money was on the short side.
 
Quote from mfbreakout:

Nice A down in CL of 8.30 to 9.15 am OR for 11-28-2011. Still on vacation. So no charts.



OR was 99.79 to 99.12. Once a clean A down was confirmed ( meaning price stayed below $ 99 level for 20 minutes) playground was defined for day trading and nice shorts were in order.

Did not matter that /ES was up 40 handles and DXY was down .50 cents. 8.30 to 9.15 OR gave nice shorts in CL. In the end ACD is a beautiful price action based method.

I am sure there were some long set ups also, but easy money was on the short side.
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Jesus man, that is one hell of a vacation. What do you do for a living? I would love to get away for a month. LOL. Send us a post card sometime. :)
 
One of my beliefs about ACD is the tendency of confirmed A trades to close the cycle near the highs or lows. In the case of Crude Oil confirming an A up this month at 97.00 and trading up to 102.89, this means that Oil could challenge that swing high by tomorrow's close.
 
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