The ACD Method

With the Kentucky Derby right around the corner, let's check in on the Yen Derby. We're starting to see some separation here.

AUD/JPY is pulling up the rear while GBP/JPY holds a nice comfortable lead. These charts are all set to the Feb 9th Yen breakout date.
 

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And staying with the coffee theme ... sbux bounced off the quarterly upper level 2 weeks ago, bounced off the upper level monthly and weekly levels last week, the fell to the lower weekly level on friday and bounced off of that level. sbux has provided som clean signals this month.
 

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Mav holy cow man, happy Sunday to me.

Thanks a ton for the contributions today. I'm happy to see that my levels are in the same general vicinity too.

I've been tracking yearlies since about last year, and I haven't necessarily determined what exactly to use them for. My hunch is just the long term bias, (like any other level) but then youve mentioned the trend ending nature of a quarterly a number of times. Do you see the yearlies as having a similar long term function, (like the end of a generally bullish/bearish period, perhaps even longer in nature?).

I ask because that NQ chart you posted is really something, and the NQ has been quiet for a long time now...
 
Quote from Quon:

Mav holy cow man, happy Sunday to me.

Thanks a ton for the contributions today. I'm happy to see that my levels are in the same general vicinity too.

I've been tracking yearlies since about last year, and I haven't necessarily determined what exactly to use them for. My hunch is just the long term bias, (like any other level) but then youve mentioned the trend ending nature of a quarterly a number of times. Do you see the yearlies as having a similar long term function, (like the end of a generally bullish/bearish period, perhaps even longer in nature?).

I ask because that NQ chart you posted is really something, and the NQ has been quiet for a long time now...
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I use them as price targets and as correction levels. For example, if we get a failed A up or A down, then the other A level becomes a longer term target. They also work great when you get a deep correction and the QTR levels don't hold, usually the yearly level will.

Obviously when a market is choppy and not trending, these levels are golden as they usually will contain 90% of the price action for the year.
 
I'm about half way through Fisher's book. It all just makes statistical sense to me. I'm already using it with the help of a little automation and a scanner, and the results are good. But I need to get better at it.

But I wonder how many on this board have any idea how valuable this thread is. Good stuff, Mav. Thanks for all of your work.
 
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