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The ACD Method
- Thread starter sbrowne126
- Start date
Quote from Maverick74:
Actually on weekly trades, your stop is the wick on the fade. I don't want to go into huge details on this because everyone has their own style. I treat all weekly trades the same whether it's AAPL or Crude. If we get a real fail, those stops literally have tick stops, in some cases 10 to 20 ticks. No way should you be using 200 ticks as your stop. Hell, if one is going to use a 200 tick stop, I would just assume use 500 ticks. LOL.
You mean you are risking 20 ticks to make 200-300? :eek:
How often does something like this workout ? hmmmm
Quote from Shanb:
You mean you are risking 20 ticks to make 200-300? :eek:
How often does something like this workout ? hmmmm
A lot! But you have to have the right fade. You are looking for long wicks and quick rejections of A levels. Not fades where a market trades up to a level and hangs out for awhile.
Quote from Shanb:
LMAO, have you read through the book yet?
I'm about half way through it. I'm also working my way through the 600 pages of this thread. I appreciate all of the posts, it does accelerate the learning curve on this material. As an Engineer, I like the structured approach that ACD facilitates.
Quote from mfbreakout:
01-13-2012 Pre Open. Same breakfast every morning for me (lol).
Some points of view as of this morning about Crude Oil. We will let ACD guide us. You know my thoughts about opinions and forecast as a day trader. Only thing i know " There is no such thing as high or low price in crude oil futures day trading. Only ACD reference points."
"Oil prices could rise to $150 to $200 a barrel if the Strait of Hormuz is closed, or they could plunge to $50 if the global economy worsens significantly, former OPEC President Chakib Khelil said. OPEC members including Saudi Arabia would be able to make up for a drop in Iranian supplies to Europe, Khelil said today in a Bloomberg Television interview in London."
Fifteen of 30 analysts, or 50 percent, forecast oil will decline through Jan. 20. Ten respondents, or 33 percent, predicted prices will increase and five estimated there will be little change. Last week, 47 percent of surveyed analysts expected a decrease.
To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net