The ACD Method

Quote from Maverick74:

Monthly A up in Crude is 92.30. Just blasted through the weekly. Number lines are very strong.
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The 30 day on crude is now plus 17. Definitely showing some strength.
 
Quote from Maverick74:

Generally speaking, once a product fails at the monthly A up, you don't want to try to get long on a momentum trade. AMZN failed at the monthly A up last week at 261. The monthly A down is now the target at 243.
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it was actually a position i've had on for about two months. took some profits a month ago, but still had a runner on today and got out.

Mav,

I'm trying to put a little presentation together for some of the gas traders at my shop.

I'm using a 10 day ATR and taking 25% of it to find my A values.

But my A values are all coming out to twice the A value that Fisher uses. I know that the A values aren't magical levels, but I'd like to get as close to possible to what he's doing.

Do you know what I might be doing wrong?
 
Quote from Maverick74:

Generally speaking, once a product fails at the monthly A up, you don't want to try to get long on a momentum trade. AMZN failed at the monthly A up last week at 261. The monthly A down is now the target at 243.
More...

i did have my monthly at 260.78 though, so pretty pumped about that.
 
Quote from hoop121:

it was actually a position i've had on for about two months. took some profits a month ago, but still had a runner on today and got out.

Mav,

I'm trying to put a little presentation together for some of the gas traders at my shop.

I'm using a 10 day ATR and taking 25% of it to find my A values.

But my A values are all coming out to twice the A value that Fisher uses. I know that the A values aren't magical levels, but I'd like to get as close to possible to what he's doing.

Do you know what I might be doing wrong?
More...

I'm curious if you don't mind sharing what firm are you with? You can PM me if you want.
 
GOOG put in a weekly and daily A down for me today followed by a failed monthly A up last week.

i'm still trying this stuff out so i put on a small credit call spread to try and play my bearish bias.
 
Quote from hoop121:

GOOG put in a weekly and daily A down for me today followed by a failed monthly A up last week.

i'm still trying this stuff out so i put on a small credit call spread to try and play my bearish bias.
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GOOG bounced off my weekly A down so far. Be careful with the end of year. As a rule of thumb, I'm very weary of late cycle trades as in late in the week, month or qtr. Love the early cycle trades obviously. So you may get some noise here into end of year.

My other advice for anyone trading stocks is to find a bunch of stocks you like to trade on a regular basis and start doing the number lines. The number lines are really important to go with the ACD levels.
 
Quote from Maverick74:

GOOG bounced off my weekly A down so far. Be careful with the end of year. As a rule of thumb, I'm very weary of late cycle trades as in late in the week, month or qtr. Love the early cycle trades obviously. So you may get some noise here into end of year.

My other advice for anyone trading stocks is to find a bunch of stocks you like to trade on a regular basis and start doing the number lines. The number lines are really important to go with the ACD levels.
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ok, good advice.

i'm trying to build out my CL and NG levels, but i'm getting very few days where they confirm any A up or A downs.

i'm using a 45 minute OR and a 25% of a 10 day ATR.

based on my ATR value though, i'm getting very wide A values and I think this may be the problem.

any thoughts?
 
Quote from hoop121:

ok, good advice.

i'm trying to build out my CL and NG levels, but i'm getting very few days where they confirm any A up or A downs.

i'm using a 45 minute OR and a 25% of a 10 day ATR.

based on my ATR value though, i'm getting very wide A values and I think this may be the problem.

any thoughts?
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Yeah, I do have some thoughts. LOL. Take that 45 min opening range down to 5. Crude moves more in 5 minutes then most products move in 45. Same with natty. I get A confirmations almost every day in oil.
 
Quote from Maverick74:

Yeah, I do have some thoughts. LOL. Take that 45 min opening range down to 5. Crude moves more in 5 minutes then most products move in 45. Same with natty. I get A confirmations almost every day in oil.
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ok great. yeah, i was afraid that might be too long. but i signed up for his trial period for his site and i thought i saw on there he had 45 minutes ORs for both.
 
Quote from hoop121:

ok great. yeah, i was afraid that might be too long. but i signed up for his trial period for his site and i thought i saw on there he had 45 minutes ORs for both.
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Yeah Fish and I should talk about that. :)
 
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