This pair is textbook ACD. It's long term trend ended right at the QTR A level to the tick. Has an early cycle monthly confirm. Number line confirm (first one in a long while). You guys have heard this stuff before right (X)? Well, more of the same here...
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The ACD Method
- Thread starter sbrowne126
- Start date
This pair is textbook ACD. It's long term trend ended right at the QTR A level to the tick. Has an early cycle monthly confirm. Number line confirm (first one in a long while). You guys have heard this stuff before right (X)? Well, more of the same here...
I'm going to give this some time so others can jump in. This is EXACTLY what I like about ACD. It exposes value where others are oblivious to it. If this pair were obvious, then ACD would simply be telling me what the market already knows and would provide no value. One of the things that will make you a better trader is finding value as others walk right by and don't even notice.
Aud/usd
Good job guys. It IS the Aussie(AUD/USD). The QTR A down was 8868 which it bounced off of twice. The monthly A up was 9117 and we just got a 30 day confirm (first one since Jan I believe). And yes, the new political leadership in Australia makes this even more compelling. The QTR A up is 9416 but the real target level is par which coincidentally also happened to be the yearly A down.
Quote from Maverick74:
Good job guys. It IS the Aussie(AUD/USD). The QTR A down was 8868 which it bounced off of twice. The monthly A up was 9117 and we just got a 30 day confirm (first one since Jan I believe). And yes, the new political leadership in Australia makes this even more compelling. The QTR A up is 9416 but the real target level is par which coincidentally also happened to be the yearly A down.
Mav, are you basing this number line off Domicile open, or do you use U.S. open?