Failed so far with a -4 on the 5 day now. Momentum is waning.
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The ACD Method
- Thread starter sbrowne126
- Start date
Failed so far with a -4 on the 5 day now. Momentum is waning.
Wow all this time and its still working ! Solid stuff guys, No ones made an EA of this after all this time ?
Quote from DT3:
I guess confirmed it by now? I don't really track weekly figures not sure how to go about commig up with correct OR times.
Weekly confirmed but on a Thursday, so it's a weak confirm. The 30 day number line is still strong at a +12. Five day momentum is flat at 0 and the volatility indicator is showing chop ahead.
I'm going to start posting some charts on this USD/YEN breakout. I haven't been tracking the number line on it but this weekend and I'll go back and create the number line for it and post it here.
This pair had a major breakout just under 80 a few months back. I believe this breakout is still very early in the game and this pair could easy get north of par by this spring.
The first chart I'm posting is the monthly chart. We got a monthly A up in Oct and then in Nov, Dec and now Jan.
This pair had a major breakout just under 80 a few months back. I believe this breakout is still very early in the game and this pair could easy get north of par by this spring.
The first chart I'm posting is the monthly chart. We got a monthly A up in Oct and then in Nov, Dec and now Jan.
Attachments
USD/JPY
On the quarterly chart we see the Yen put in a nice base at the 3rd QTR monthly A down around the 78 level and then broke out of that base on the 4th QTR chart around 79. That was the key breakout area. As you can see, we are attempting to confirm yet another QTR A up around this 90 level. This would be a very strong confirmation coming this early in the QTR.
On the quarterly chart we see the Yen put in a nice base at the 3rd QTR monthly A down around the 78 level and then broke out of that base on the 4th QTR chart around 79. That was the key breakout area. As you can see, we are attempting to confirm yet another QTR A up around this 90 level. This would be a very strong confirmation coming this early in the QTR.
Attachments
AAPL.....460....ouch!
Quote from Maverick74:
Well, the relative weakness in AAPL is quite apparent. Spoos barely down 3 handles and AAPL down 18 pts. The good news, perhaps, is AAPL tested the QTR A down today at 494. However, I rather buy a failed QTR A down when the stock is showing relative strength, not weakness. I still think ES could come off 30 handles pretty fast and AAPL would probably tag 450 if that happened. To say this stock is broken is an understatement.
My weekly A down for AAPL is around 491, right around the QTR A down. This area HAS to hold. But honestly, there are much stronger stocks out there right now then this one.
Well, it turns out we didn't need the ES to roll over for AAPL to tag 450.