The ACD Method

Maverick, as a successful practitioner of ACD approach, will you also take into consideration the news about S&P putting AAA European sovereign on credit negative watchlist while making your trading decisions now, or will you just go by that Euro made a A down at 1.3386. Thank you very much.
 
Quote from gmst:

Maverick, as a successful practitioner of ACD approach, will you also take into consideration the news about S&P putting AAA European sovereign on credit negative watchlist while making your trading decisions now, or will you just go by that Euro made a A down at 1.3386. Thank you very much.
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The Euro has not confirmed yet but I do like at news and price to determine price action behavior. Had the market blown off this news it would have given you a lot of confidence to lean on your longs, but the market is obviously re-pricing risk assets now on this development.
 
Quote from Maverick74:

The Euro has not confirmed yet but I do like at news and price to determine price action behavior. Had the market blown off this news it would have given you a lot of confidence to lean on your longs, but the market is obviously re-pricing risk assets now on this development.
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Alright Sir, Thank you very much. Thats what I would do too. Glad to know that you as a senior trader also follow the same approach. This new is obviously super-negative for Euro and all other risk assets by correlation. I don't have data for Bund, but I guess long Treasuries-Short Bund could be a nice low-risk spread trade in the fixed income space after this development.
 
Quote from gmst:

Alright Sir, Thank you very much. Thats what I would do too. Glad to know that you as a senior trader also follow the same approach. This new is obviously super-negative for Euro and all other risk assets by correlation. I don't have data for Bund, but I guess long Treasuries-Short Bund could be a nice low-risk spread trade in the fixed income space after this development.
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Let me be clear though that I do not trade on this news. I simply observe it. As of now, all we have are failed A trades all over the place. No reason to react to this yet.
 
No worries. I understand and wasn't trying to get you to give them to me. I'll try to work it out myself and, if unable, take your advice and hire someone.

Quote from Maverick74:

Bozwood, let me try to clarify a little more here. I have custom ACD charts and indicators. I did not build them. They are not mine. Because I am a principled person, I don't believe in taking credit in other people's work nor do I give out stuff that they built. You can hire some pretty cheap to build them or do it on your own. Just understand that since these are not mine, I cannot freely distribute something that is not my own. This is precisely why I went to Fisher and offered to pay him to distribute his work with his name on it. It was done on the same principal. It's just a code of ethics I live by. So please don't take it the wrong way.
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Quote from Maverick74:

Let me be clear though that I do not trade on this news. I simply observe it. As of now, all we have are failed A trades all over the place. No reason to react to this yet.
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And sure enough we have failed A downs. A down in ES is 1252.50. That was the low tick of the move. Euro also bounced off the A down.
 
Quote from Maverick74:

And sure enough we have failed A downs. A down in ES is 1252.50. That was the low tick of the move. Euro also bounced off the A down.
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Still very new to ACD approach. So, just trying to observe and understand whats going on. So, thanks for commentary :)
 
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