The ACD Method

[mfbreakout]

Quote from Maverick74:

Yeah but how many lots are you trading of CL at a time. For every one lot of CL, you can trade 5 ES. So that you get the same 200 tick moves in ES as CL. Trust me, over the years I have done all the math on this stuff. It's all the same.

You not gonna change my mind on Oil regardless of your experience regarding ES vs CL till my results prove otherwise (lol). It is very difficult to trade in size ( 20 cars and up) CL if one is looking for best trade location for entry with 10 ticks stop loss. With ES one can trade 100 cars to get an entry but then it just sits there and one need to have the skill set to hold on to trade to get to potential target. I am trading less than 20 cars and CL can handle that and still give excellent trade location.

I am not at a level in terms of ACD where I can say that i can trade any instrument with ACD. Till , I reach that point , I am a ONE TRICK PONY and that's the point you keep on missing Maverick74 about my trading. I realize my limitations and CL is a launching pad to other instruments. There is a reason new PIT traders traded one instrument for some time like 4 years on average before looking at other instruments.

But i appreciate the feedback.

 

[Maverick74]

Quote from mfbreakout:

You not gonna change my mind on Oil regardless of your experience regarding ES vs CL till my results prove otherwise (lol). It is very difficult to trade in size ( 20 cars and up) CL if one is looking for best trade location for entry with 10 ticks stop loss. With ES one can trade 100 cars to get an entry but then it just sits there and one need to have the skill set to hold on to trade to get to potential target. I am trading less than 20 cars and CL can handle that and still give excellent trade location.

I am not at a level in terms of ACD where I can say that i can trade any instrument with ACD. Till , I reach that point , I am a ONE TRICK PONY and that's the point you keep on missing Maverick74 about my trading. I realize my limitations and CL is a launching pad to other instruments. There is a reason new PIT traders traded one instrument for some time like 4 years on average before looking at other instruments.

But i appreciate the feedback.

Mfb, my comment was not directed at you but the thread. I just want to make sure newbies know that they can trade any product with ACD. You seem to be giving them the hard sell on crude which is fine. I just want to make sure they know that it doesn't make any difference what product they trade as long as it's a clean ACD signal.

 

[MBC]

Quote from Shanb:

Curious as to why you would say that? MFB seems to do pretty well for trading one instrument, and he's giving you his secret sauce lol.

Looked at a "chart" of his, many many lines, indications, assumptions. Seemed overkill to me

 

[medicsix]

We have day traders, swing traders, option traders, directional traders, spread traders, etc. All sorts of different traders on this thread.

I see it as big points in favor of ACD that regardless of how or what someone trades, they have confidence in what works for them using their own ACD based methodology.

Confidence, or conviction, in what I'm doing is a big piece of the puzzle (at least for me).

 

[Shanb]

Quote from medicsix:

We have day traders, swing traders, option traders, directional traders, spread traders, etc. All sorts of different traders on this thread.

I see it as big points in favor of ACD that regardless of how or what someone trades, they have confidence in what works for them using their own ACD based methodology.

Confidence, or conviction, in what I'm doing is a big piece of the puzzle (at least for me).

Man could've sworn I've read this same type of post numerous times by another member on this thread...hmmm Mav, Maverick or something like that

 

[Quon]

Quote from Shanb:

Man could've sworn I've read this same type of post numerous times by another member on this thread...hmmm Mav, Maverick or something like that

The more often I catch myself thinking something that I remember Mav having said, the more I think I'm progressing...

: )

 

[Shanb]

Quote from Quon:

The more often I catch myself thinking something that I remember Mav having said, the more I think I'm progressing...

: )

There is too much agreement on this thread! We need somebody to come in and stir some things up lol.

Quon alot of the consumer staple names did not participate much in todays rally. Looks like the relative strength is starting to come into Financials, Energy, and some tech names. You still holding some BMY or did you get rid of that thing at the end of the year?

 

[Quon]

Quote from Shanb:

There is too much agreement on this thread! We need somebody to come in and stir some things up lol.

Quon alot of the consumer staple names did not participate much in todays rally. Looks like the relative strength is starting to come into Financials, Energy, and some tech names. You still holding some BMY or did you get rid of that thing at the end of the year?

Dumped the BMY. Stopped working round about 2 weeks ago after the big gap off the failed Dec Monthly A down on the 19-20th. While the rest of the market confirmed a weekly and rallied BMY languished, (bad fundamental news about a drug experiment). I didn't get hurt because I had the number line helping me out.

Not sure if anyone was looking today, but BMY got hit hard. While the market was in gap and hold mode, BMY sank like a rock and confirmed an intra-day A down, (the first since confirming it's Dec Monthly A up. That's a clear sign to me that it's time to exit, (not to mention that it'd done half a day's volume at like 10amish.

Sounds like sector rotation to me, (like you mentioned Shan) and you're right, the 30 day number line of the various sector ETFs that I track had been starting to show much more favor in the XLP than the XLV, now the risk ETFs look better. Statistical outlier today in the XLV was TEVA, (new CEO - ironically stolen from BMY) but not a big TEVA fan here. TEVA was lousy second half of Dec. Has to prove itself to me.

Yep, I think the relative strength in the XLV is starting to fade a bit here, (though on a side note, the ETF itself is still holding up ok - though again, this could have more to do with TEVA today).

 

[medicsix]

Quote from Shanb:

Man could've sworn I've read this same type of post numerous times by another member on this thread...hmmm Mav, Maverick or something like that

MavSix ?

 

[mfbreakout]

Quote from MBC:

Looked at a "chart" of his, many many lines, indications, assumptions. Seemed overkill to me

I am curious to know which many, many lines, indications and assumptions you are seeing on my chart (lol) ?