The ACD Method

After reading the logical trader I just basically realized I use alot of the methods already intuitively after spending 5 years trading and studying the markets.

I love the number line concept. It's basically just a momentum indicator.

I think Mark would like that bonds trade because it seems, at least imo, that every person on the street is bearish bonds and it looks like a bunch of them might have gotten trapped.
 
Quote from actionzip54:

After reading the logical trader I just basically realized I use alot of the methods already intuitively after spending 5 years trading and studying the markets.

I love the number line concept. It's basically just a momentum indicator.

I think Mark would like that bonds trade because it seems, at least imo, that every person on the street is bearish bonds and it looks like a bunch of them might have gotten trapped.
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The number line is not a momentum indicator although it can show momentum. It's more of an indicator of internal strength or weakness. Think of it more like the market internals like TRIN, Avancers/Decliners, upvolume/downvolume. As Fisher likes to say, the number line is the market's vitals as is in the vitals on your health. Someone could look great on the outside but internally could be a heart attack waiting to happen. The number lines show internal price action. It shows you strength BEFORE the momentum. Any tom, dick or harry can buy XYZ when it's breaking out to new highs. The idea is to get in early and to be able to qualify the legitimate strength or weakness.
 
Quote from Maverick74:

We got a 30 day number line confirm today in Bonds as well as a confirmed monthly A up. So the spoos may not want to sell off yet but Bonds sure want to rally. If you are looking to short this market, buying bonds might be the better trade.
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Bonds already hitting their QTR A up on the 5th trading day of the QTR! I've gone over this 100 times. You guys know what that means.
 
The Yen pairs all blew through their monthly and QTR levels as well with USD/JPY and AUD/JPY about to confirm on the 30 day! This is after the re-set btw.
 
Quote from Maverick74:

Bonds already hitting their QTR A up on the 5th trading day of the QTR! I've gone over this 100 times. You guys know what that means.
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i wish it only took 100 times for me to understand something.. haha..
 
Quote from actionzip54:

After reading the logical trader I just basically realized I use alot of the methods already intuitively after spending 5 years trading and studying the markets.

I love the number line concept. It's basically just a momentum indicator.

I think Mark would like that bonds trade because it seems, at least imo, that every person on the street is bearish bonds and it looks like a bunch of them might have gotten trapped.
More...

is that logical trader the best start to look at this strategy?
 
And for you stock gamers out there, GOOG bounced off both the QTR and Monthly A down today. The 5 day line confirms it's a safe fade. Good low risk entry right here....right now.
 
Quote from Maverick74:

And for you stock gamers out there, GOOG bounced off both the QTR and Monthly A down today. The 5 day line confirms it's a safe fade. Good low risk entry right here....right now.
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i'd beware of earnings.. April 18th after the bell on that one..
 
Quote from cdcaveman:

i'd beware of earnings.. April 18th after the bell on that one..
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The stock will be 35 pts higher before that. You'll be long gone before they come out.
 
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