The ACD Method

Oh man, I've got the stock of the day. AZO. Stock gaps down on the open. Where to? The monthly A down is at 312.63. Actual low was 313.11!!! Stock then bounces 14 dollars off the failed monthly A down! The monthly A up is 333.98. Should tag that this week. Textbook.
 
SPY-FXE spread has continued to widen. This trend has been in place for a while, looks to continue to hold.

What's everyone's levels for Gold and Silver? I might take a shot at Gold if we can hold near this 1650 level.
 
Quote from Maverick74:

BMY bounced off the monthly A down today at 34.20. Just letting ya know...
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Tagged my stop though, so it's in the penalty box for a little now. I'll probably return if it passes the "show me" test.
 
Quote from Maverick74:

I don't like 2nd half day A ups or A downs. Not enough time for follow through. Generally speaking, the earlier in the day, the better.
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Makes a lot of sense, thanks again for your wisdom :)
 
Quote from Shanb:

SPY-FXE spread has continued to widen. This trend has been in place for a while, looks to continue to hold.

What's everyone's levels for Gold and Silver? I might take a shot at Gold if we can hold near this 1650 level.
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No taking shots!!!!! I told RCG this was not gambling! And here you are taking shots. LOL. Gold is in no mans land right now. It's right in the middle. Nothing to do here.
 
Quote from Maverick74:

No taking shots!!!!! I told RCG this was not gambling! And here you are taking shots. LOL. Gold is in no mans land right now. It's right in the middle. Nothing to do here.
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I was looking for levels and I get this lol...I guess RCG touched a nerve :-/
 
Quote from Shanb:

I was looking for levels and I get this lol...I guess RCG touched a nerve :-/
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Quote from Shanb:

SPY-FXE spread has continued to widen. This trend has been in place for a while, looks to continue to hold.

What's everyone's levels for Gold and Silver? I might take a shot at Gold if we can hold near this 1650 level.
More...

I add the first two hours of the third day in the calculation of the monthly OR, but if nothing changes tomorrow my levels are:

GLD
Monthly: 159.10/152.83
Weekly: 157.33/153.52

SLV
Monthly: 29.59/27.25
Weekly: 29.36/27.48
 
Quote from Maverick74:

<iframe width="420" height="315" src="http://www.youtube.com/embed/SjbPi00k_ME" frameborder="0" allowfullscreen></iframe>
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I guess I should remove myself from the thread until I am doing some legitimate trading. This bug has me prone to some bad instincts!
 
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