Weekly A down in UNG is 15.23. We basically traded back down to the weekly A up and bounced off of it.
The ACD Method
- Thread starter sbrowne126
- Start date
Weekly A down in UNG is 15.23. We basically traded back down to the weekly A up and bounced off of it.
Damn what a sell off in CL in face of strong 30 days number line. . Missed it all, tried couple of longs and got stopped out.
I still like my ACD. It's been right more often than wrong.
My monthly A down in CL is 102.35. We'll see if that level holds. If it does, it's probably a good swing long, but NOT ahead of the jobs number.
Soybeans have sold off to their monthly A down.
Gold sitting at the weekly and monthly A down.
Proshares BOIL as just another nat gas alternative.
From ProShares:
"This Ultra ProShares ETF seeks a return that is 2x the return of an index or other benchmark (target) for a single day,
as measured from one NAV calculation to the next. Due to the compounding of daily returns, ProShares' returns over
periods other than one day will likely differ in amount and possibly direction from the target return for the same period.
These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks.
Investors should monitor their holdings consistent with their strategies, as frequently as daily. For more on correlation,
leverage and other risks, please read the prospectus."
From ProShares:
"This Ultra ProShares ETF seeks a return that is 2x the return of an index or other benchmark (target) for a single day,
as measured from one NAV calculation to the next. Due to the compounding of daily returns, ProShares' returns over
periods other than one day will likely differ in amount and possibly direction from the target return for the same period.
These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks.
Investors should monitor their holdings consistent with their strategies, as frequently as daily. For more on correlation,
leverage and other risks, please read the prospectus."
Actual low...102.36. I'm just sayin...
I started doing my own pivot tracker today. Coming into today, Crude had the tightest pivot in over a month. And look at that move!
Tomorrow, we have a 2 pt pivot for Bonds which is the 3rd day low for that, so expect a big move off the jobs number. Like that's a real shocker.
Tomorrow, we have a 2 pt pivot for Bonds which is the 3rd day low for that, so expect a big move off the jobs number. Like that's a real shocker.
Quote from Maverick74:
Watch this LVS as well. Also breaking out to 52 week highs. Confirmed weekly A up and right above the monthly looking to confirm tomorrow. Watch out for the QTR at 62 right over head.
Please take a look at LVS from my point of view:
there is no "taking your attention and returning nothing" candles, there is no "abstraction of 52 weeks" and there is no chronically delayed MA,
only pure Price Flow that describes and explains everything that make sense.
(LVS is not on the list in my MT4 so I can't to show the charts in transformed time and lines are handmade in Paint
only for illustration)I appreciate your approach and fully understand how it is familiar for you for so many years of looking, but it is never late to try something different
isn't it?thanks,
Sg