The ACD Method

Quote from Maverick74:

You do know there is a difference though between OR levels and volatility levels though. I don't want people to get those confused.
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People can always ask questions for clarification. Hopefully other traders except few who participate will start posting charts, set ups etc..
 
Quote from Maverick74:

They never do when they are confused.
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LOL. I am trying to be as clear as i can. Pre open chart with levels, intra day and end of the day.

I guess there is a reason confused people mostly stay confused. But I hear you, will try harder.
 
Quote from Maverick74:

Mfb, failed A downs are very good risk/reward set ups in ES. You risk maybe 2 handles to make 10. I always shoot for A levels as targets. So if I get long on a failed A down, the A up is the target. I never ever ever ever look at internals on failed trades. Why would I care? I'm risking a few ticks. If I get into a longer term macro trade where I'm risking 10 to 20 handles, then sure, price action is very important. Failed A trades though are a dime a dozen. And ES offers those up better then any other instrument.
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Mav,

I am trying to look at things on more of a relative basis since you recommend this, and also remember you saying something regarding intraday equities awhile back when I asked about product selection.

Earlier you said that I should be looking for stocks forming A ups, when the market is potentially bottoming (& vice versa.)

So what have been trying to do is look for weekly A ups on a daily chart, and when the market is down intrday, look for stocks that have good intraday relative strength vs the SPY, antcipating that a reversion in market (which seems to be common with the SPY) might lead to a decent run, or at least potentially an entry with less risk in that particular equity..

(and vice versa for short candidates)

Is this what you meant?

I did my first ACD live trade today with NFLX based on the above, (and I havent read this thread in a few days so proud to say caught it on my own :D ) and it turned out well. Only bad news is that when it stalled out, and I got nervous and I took profits, and left alot of profit on the table.
 
John, are you not trading much forex anymore? I was watching the "money in motion" show on CNBC and was wondering why you hadn't mentionEd any Franc or Ruble trades lately :)
 
Quote from Maverick74:

Monthly A down in the Euro is 1.2735. We're there now!
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The way I trade the pair had already moved too far away. If had not been on duty, I would have bagged another 90 pips or so, I suppose. I don't torment myself with what might have been anymore.
 
Quote from Shanb:

John, are you not trading much forex anymore? I was watching the "money in motion" show on CNBC and was wondering why you hadn't mentionEd any Franc or Ruble trades lately :)
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Shan, I mention the overnight action in the Aussie and the Euro every day. But no, not trading FX right now. Putting a lot of work in my top secret project. It's coming together nicely.
 
Quote from RCG Trader:

The way I trade the pair had already moved too far away. If had not been on duty, I would have bagged another 90 pips or so, I suppose. I don't torment myself with what might have been anymore.
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RCG, I was not giving you a trade idea, I was just mentioning we are at the monthly A down. :)
 
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