Mostly done for the day.
Long 98.50 1st target 98.90 and then 99.20-99.40 . stop loss 98.39.
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The ACD Method
- Thread starter sbrowne126
- Start date
Mostly done for the day.
Long 98.50 1st target 98.90 and then 99.20-99.40 . stop loss 98.39.
Bid continues to hold in the ES. You are either long or flat, not short.
Quote from Maverick74:
Bid continues to hold in the ES. You are either long or flat, not short.
This is one of the immediate benefits I'm seeing in this system. There are a ton of people calling a stock market top here, and they may eventually be right. But ACD should keep you on the right side of the market longer.
Quote from mfbreakout:
Mostly done for the day.
Long 98.50 1st target 98.90 and then 99.20-99.40 . stop loss 98.39. [/QUOTE
01-24-2012. Stop loss and market profile, fib chart along with ACD.
There are all kinds of levels.
Only thing I have CONTROL is stop loss. Mkt. Profile and Fib levels are from a friend. I can not draw these levels but it gives me perspective. She does well with them as she draws them and trade them every day the same way. Just like i try to trade ACD.
http://screencast.com/t/vakLlTnd
Following is in response to a question i got.
NOTE ABOUT SIZE: Lot of traders ( including myself) think, if i had more trading CAPITAL, i will do very well. More trading capital gives flexibility and makes it easier. Key is not to add LEVERAGE to ones equity. Futures are loaded to begin with. If one has trading CAPITAL of 100,000 and trade only 2-4 cars on 80% of days and clear 100 ticks a day on just 2 cars- end result CAN BE VERY GOOD. KEY is consistency. One need to be ONLY profitable 200 days to make $400,000 (lol). Now, there are traders who say they can trade 25k etc.. and make a very good living. More power to them. For my style of trading, it helps to have 100K
So, forget about account of $200,000.
Attachments
Quote from Maverick74:
There ya go! See, no reason to get bearish yet. You've got yourself a breakout! Nice wick btw on the failed weekly A down at 12.51.
Ford Warrants:
The terms of the warrants are as follows:
Each warrant is exercisable into one share of Ford.
The warrants expire on Dec. 31, 2012
The strike price is $9.20. In other words, should you exercise the warrants, you will have to pay an additional $9.20 for each share of Ford that you receive.
http://www.thestreet.com/story/10815087/1/benefit-from-fords-resurgence-with-warrants.html
Quote from kinggyppo:
Ford Warrants:
The terms of the warrants are as follows:
Each warrant is exercisable into one share of Ford.
The warrants expire on Dec. 31, 2012
The strike price is $9.20. In other words, should you exercise the warrants, you will have to pay an additional $9.20 for each share of Ford that you receive.
http://www.thestreet.com/story/10815087/1/benefit-from-fords-resurgence-with-warrants.html
I figured by the time I posted this Mav would have arbed out all the profits.