The ACD Method
- Thread starter sbrowne126
- Start date
I still remember Gold failed A up on monthly level by Maverick 74- $1800- last month.
What a low risk trade it was. Waiting to see what it does at 1540 area.
What a low risk trade it was. Waiting to see what it does at 1540 area.
Blood bath in Silver as well down almost 8%. The QTR A down in Silver is 25.72.
Quote from kinggyppo:
this is a tough tape, I expect to be wrong alot and I am. If I knew where the bottom of any product was I would be the richest man in America. That said I think the market is oversold, I realize it can be MORE oversold from here.
Not to beat a dead horse but isn't this against all things ACD?
I know this is kind of OT here but I have been studying ichimoku for a few months now and am finding at least in forex (only market I have time to follow) it is extremely complementary to ACD.
Risk off ETF finally having a nice out performance day. Up 3.50% compared to 1% being short ES.
It depends is acd breakout or reversion. I think the whole idea for me is to not get taken out of a trend day. It is easy now to say gold is a short. I took a scalp on gld the other day and got stopped out. No biggie on to the next trade. I tend to favor long trades so I get stopped out alot when volatility is high. For example I got a big windfall on the gap up from the euro swap, currently I am getting stopped a lot. Some guys will never take a long trade as they are pessimists by nature. I am well aware gold could go to 1450 as Mav says. I really have no idea where gold will end today doesn't mean I can't trade it.