The ACD Method

Quote from mfbreakout:

01-26-2012 pre open.

Overnight Inventory is LONG and i will be watching to see if Open and 1st 30 minutes into open are as BULLISH as Globex price action.
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Could you elaborte on overnight inventory ? Thanks!
 
Quote from MBC:

Could you elaborte on overnight inventory ? Thanks!
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This is a concept i learned from Jim Dalton. Yesterday ( 01-25-2012) close is 99.40. As of 8.15 am ( eastern time) CL is at 101. This means lot of traders are holding long positions from Euro session.

At the open couple of things can happen

1) market opens up and continue one time framing ( meaning keep it's upward movement without significant movement). I do not want to short into this set up.

2) market opens up but gets marked down significantly into 1st 30 minutes after open. I want to short into this on bounces.

So basically based off Globex price action, expectation is for price to go up, if not, there may be trouble ahead.
 
Quote from mfbreakout:

This is a concept i learned from Jim Dalton. Yesterday ( 01-25-2012) close is 99.40. As of 8.15 am ( eastern time) CL is at 101. This means lot of traders are holding long positions from Euro session.

At the open couple of things can happen

1) market opens up and continue one time framing ( meaning keep it's upward movement without significant movement). I do not want to short into this set up.

2) market opens up but gets marked down significantly into 1st 30 minutes after open. I want to short into this on bounces.

So basically based off Globex price action, expectation is for price to go up, if not, there may be trouble ahead.
More...


Thanks, will be interesting t osee,
 
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