The ACD Method

Quote from Maverick74:

Man this Euro is getting smacked guys. Now 200 pips off the highs of the day and on a Friday. Somebody is worried about this weekend. Bonds catching a very strong bid. Something is up here. Glad I bought vol on the low of the day. :)
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Vix has only been a these levels once in the past 4months and it only stayed there for 2 days...I think that is a great purchase!
 
There is a chapter in market wizards may be when Seykota is interviewed, anyway the govt tried to put price controls on lumber, this was back in the 70s, he saw the trade and made a fortune on it. The point being that price controls will not stop price from going where it needs to go. Its actually page 17 under Michael Marcus' chapter, apparently Marcus studied under the great one.
 
From Michael Marcus interview:

"At the time, I was politically right wing and that fit with being an inflation-alarmist. The theory that the evil government was constantly debasing the currency provided the perfect perspective for trading the inflationary markets of the mid-1970's"

Wow, times have really changed, good thing we don't have to worry about that today...:)
 
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