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The ACD Method
- Thread starter sbrowne126
- Start date
We have a failed monthly A up in both Gold and Crude. Crude has confirmed on the weekly A up though.
Monthly A up on the ES is 1383.25.
Monthly A up in AAPL is 608.50.
Monthly A up in AAPL is 608.50.
Monthly A down in the Euro is 1.2445. Breaking through that now.
The monthly on the Pound is 1.5511, we're sitting there now.
The monthly on the Pound is 1.5511, we're sitting there now.
Quote from Maverick74:
Monthly A up on the ES is 1383.25.
Monthly A up in AAPL is 608.50.
Hi Maverick
I had just recently bought The Logical Trader
and was wondering what time frame you use to get the weekly and monthly opening ranges?
I'm talking Crude Oil .
On the daily I'm using 730am - 815am CST (45 Minutes)
My thought for OR for weekly would be to take 45 x 5 days=225 minutes
and for monthly put at 900 minutes averaging a 4 weeks per month
Thanks for all your insight and postings
Slim
Here is another good chart. Same theme. This time we see the strength in the Kiwi against the Euro. Also confirming a monthly A down. BTW, the reason I'm showing these cross rates is to get away from the messy choppy price action in dollar based pairs.
Attachments
NFLX had a solid breakout today. Obviously we saw a big pop on the news about total downloads but what I want to highlight here is that this is the first monthly A up since January. Remember, the more rare a signal is, the stronger the follow through.