The ACD Method

[Quon]

Quote from Maverick74:

Yeah, thanks for rubbing that in.

I'm buying this back on the next dip.

Where are those European rumors when you need them?

Sorry... It'll pull back, right?!?

 

[Maverick74]

Quote from Quon:

Sorry... It'll pull back, right?!?

How many pounds of salt do you have over there? LOL.

If it doesn't, I'll move on to something else. There are a lot of stocks on the verge of a breakout right now if the ES holds these levels and challenges the 1300 level. I'll jump all over them.

 

[Maverick74]

Euro bounced 50 pips off the failed A down on the US session to the pip.

 

[Maverick74]

NFLX new highs.

 

[Quon]

Quote from Maverick74:

NFLX new highs.

Quarterly somewhere around 103ish?

 

[Maverick74]

Quote from Quon:

Quarterly somewhere around 103ish?

I have it right below 102.

 

[Quon]

Quote from Maverick74:

I have it right below 102.

Sounds good to me, thanks Mav!

 

[mfbreakout]

Quote from mfbreakout:

Buyers showed up to defend $100 level. Long 100.22 out.100.70

When we have A down /A up and i take a counter trend , i get out with 30-50 ticks into intr day resistance. CL can come down and break 100 level like it was never there. Thus on bounces , i want to be ready for shorts.

End of day, tried couple of shorts and got stopped out.

 

[Maverick74]

Quote from Quon:

Sounds good to me, thanks Mav!

So here is how you chase something that you let you go of prematurely. I'll look to pick this thing up on any intra-day A down or possibly a failed weekly A down next week. It would need to come 14 pts for me to grab the weekly A down this week. But there will be 4 chances to get in at the intra-day A down this week. I would normally take it on the weekly breakout but this thing looks like a hard short squeeze. You need to be careful of buying the highs here.

 

[Maverick74]

Quote from Maverick74:

So here is how you chase something that you let you go of prematurely. I'll look to pick this thing up on any intra-day A down or possibly a failed weekly A down next week. It would need to come 14 pts for me to grab the weekly A down this week. But there will be 4 chances to get in at the intra-day A down this week. I would normally take it on the weekly breakout but this thing looks like a hard short squeeze. You need to be careful of buying the highs here.

Btw, this is a major mea culpa on my part. A great example for you youngsters out there on how NOT to trade. I do make these mistakes from time to time.