The ACD Method

[mfbreakout]

Quote from mfbreakout:

Long 102.62 out 103.10 and holding some in case 103.40 gets taken out.

I am not sure why 102.60 became a support after initial sell off. All i know ACD gave 102.60 as a good reference point.

I am in RCG camp. Trading to me is gambling but trade location takes gambling part away quite a bit.

My best indicator is TRADE LOCATION. This makes me in Maverick74 camp also. I am happy to be in both camps.

out 103.28. Can not tell if accumulation or distribution going on in here.

 

[Maverick74]

Weekly A down in XLF 13.12. Actual low...13.12 Weekly A up is 13.62.

 

[Maverick74]

Gold back to the monthly A up again for a 2nd try. BTW, it's also the weekly A up.

 

[mfbreakout]

Quote from mfbreakout:

out 103.28. Can not tell if accumulation or distribution going on in here.

When CL fails to take out a level like 103.40 , it's back to scene of crime. Long 102.66. stop loss 102.57.

We are into pit close, anything can happen.

 

[Maverick74]

Quote from Maverick74:

Who needs a time stop. We traded right down to the US A down and failed. That's your cover.

Just to follow up on this comment earlier to RCG. For those of you that trade FX over night, what I was saying to RCG earlier is that the US levels often act as great profit targets for trades taken during the London session. Case in point, the Euro made an A down over night at 1.2896. The Intra-day A down in the US session was 1.2783. The actual low of the day was 1.2783!!!!! To the tick.

There are a lot of great ways to trade FX in the multiple time zones using the three major sessions. You can also enter a failed A trade over night and cover at the opposite failed A level during the US session.

 

[Maverick74]

The Aussie Dollar made an A down at 1.0195. The A down on the US session was 1.0150. Actual low was 1.0151! One tick off.

We can keep doing this all day but I'm sure you people have other things to do.

 

[mfbreakout]

Quote from mfbreakout:

When CL fails to take out a level like 103.40 , it's back to scene of crime. Long 102.66. stop loss 102.57.

We are into pit close, anything can happen.

Got stopped out 102.57. short 102.58 and cover 102.16. Once a level gets broken , it becomes resistance .

Daily support is 102-08-101.90, so glad to cover 102.18. It can go down but it can also bounce to 102.94 , daily pivot area.

 

[Maverick74]

Coco sitting at the monthly A down.

The US Dollar sitting at the monthly A up.

Gold trying hard to confirm. I'll wait for tomorrow for the confirmation.

 

[mfbreakout]

Quote from mfbreakout:

Got stopped out 102.57. short 102.58 and cover 102.16. Once a level gets broken , it becomes resistance .

Daily support is 102-08-101.90, so glad to cover 102.18. It can go down but it can also bounce to 102.94 , daily pivot area.

Damn this time indicator turned out to be right in terms of holding little bit longer (lol). Who says trading CL is not like playing a VIDEO game.

 

[mfbreakout]

Quote from mfbreakout:

Damn this time indicator turned out to be right in terms of holding little bit longer (lol). Who says trading CL is not like playing a VIDEO game ?

One just have to know the rules really well.