The ACD Method

[mfbreakout]

Quote from mfbreakout:

01-18-2012 Intra day

Since we have A down, i will be looking to short 101, 101.25, 101.40 levels.

Clue into why 100 level got bought on first test not sure why it can not get above 101 (lol).

In day trading we have to be right about levels which are important to big money, stop loss, location of buyers and sellers , sentiment, expectation and everything else under the SUN.

No wonder it can be hard over a long period of time. But it also get easier with PRACTICE.

 

[Quon]

Quote from Maverick74:

GS high of the day. Love the way this market feels now.

Feels like a different market since lunch, (maybe just where my head's at).

 

[Maverick74]

Bonds getting smacked pretty hard. By the way, they failed at the monthly A up. For those who are interested, the weekly A down in Bonds is 144'02.

 

[Maverick74]

Quote from Quon:

Feels like a different market since lunch, (maybe just where my head's at).

It's about finding the "tells".

 

[Maverick74]

Here we go. Back to the swing high at 1302.

 

[Quon]

TBT is a beauty today. A up and well above the daily ATR.

 

[Maverick74]

For anyone that is interested, the Mexican Peso is having a really clean breakout here against the Dollar.

 

[mfbreakout]

Quote from Maverick74:

Here we go. Back to the swing high at 1302.

I guess for ES Fish concept of if everyone can get a price at the same time how good it is? does not apply. Traders had hour to get on the same price.

I understand why ES can run quickly above 1302 since underlying market ( different sectors) all have A up. But to wait all day, if one is not long right at 9.30 open at 1291 is pretty tough for a trader like me.

I was waiting for magic failed A down (lol)

 

[Maverick74]

Quote from mfbreakout:

I guess for ES Fish concept of if everyone can get a price at the same time how good it is? does not apply. Traders had hour to get on the same price.

I understand why ES can run quickly above 1302 since underlying market ( different sectors) all have A up. But to wait all day, if one is not long right at 9.30 open at 1291 is pretty tough for a trader like me.

I was waiting for magic failed A down (lol)

ES ran 10 handles through the A up. That's about as nice of a move it's had in a while on an A up. Through the pivot no less. But it bounced 16 handles off the failed weekly A down to the tick.

 

[Maverick74]

The best trade was actually GS. We got a failed A down to the tick at 97.82. Made an A up at 100.34 and also a failed weekly A down at 97. That was a perfect trade. I'm long GS btw.