True, but I don't like how commodities got sold so hard today. I doubt Gold can hold a bid if the selloff in commodities continues.
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The ACD Method
- Thread starter sbrowne126
- Start date
True, but I don't like how commodities got sold so hard today. I doubt Gold can hold a bid if the selloff in commodities continues.
Quote from Maverick74:
But that is what the confirmation is for. If you don't confirm the A up, that is your time stop. I don't think you did anything wrong. And again, as I've said before, you have to watch other products to get a feel for what is going on. What was the Euro doing? What was the Dax doing? And so on.
Thanks for following up on this. As I understood it so far, the time stop should also be applied after a confirmed A up ("if the market doesn't move from where you bought it, get out") but I guess it also depends on the situation - and as you write - what the other markets are doing.
In such a situation after being stopped out, would you trade this market again on this day? Question is where to re-enter here, e.g. once the market breaks above the A up level again? (I'm aware it will also depend on the situation, the specific market etc.)
GS and MS numbers get CUT BIG time. sector to watch for clues
Watch for the good news bad action trade today on the jobs number.
WTW strong out of the gate again.
Bonds on fire, confirmed A up.
AAPL, NFLX and WTW holding bids.