The ACD Method

Quote from Maverick74:

X officially tagged the QTR A up today. High was 20.87 and the QTR A up was 20.99. So we hit that right on schedule. The 30 day number line still VERY strong at 21. Keep in mind this is a volatile stock. It pays to enter on Failed intra-day A downs and weekly A downs. The weekly A down is 19.69.
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Hey Mav,

if you don't mind...do you use first day of week as OR for weekly levels and 1st week of quarter for quarterly levels?
 
Quote from kinggyppo:

thoughts on zb, to taper or not to taper that is the question.
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So here are my thoughts on Bonds. We bounced off the monthly A down to the tick around 128 for 3 handles. Still below the QTR A down but at end of QTR now. The number line re-set for me 6 weeks ago and have been in chop mode since. What everything is telling me is to leave them alone. They could squeeze, they could roll over, they could do both. There is no strong signal either way. Most of us probably believe rates are going to go higher but that is NOT the question. The Question is, what do we have to risk to express that view. For me, the risk is not worth the reward. There are far better trades out there right now. That could change in Oct once we get the new QTR levels and the new monthly levels and the number line could confirm again. But for now, it's a crowded trade with a lot of noise. Not where I want to be.
 
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.
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Aussie blasted through the QTR A up today to tag 95. Par is a sure bet now.
 
Quote from Maverick74:

Well King, does that answer your question? :)
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great advice as always, in no way was I getting short this market today, being on the wrong side of a fed move is no fun, I was slightly confused on bond direction, that said the fed is pretty clear about what they are going to do. They are targeting 2% inflation and we are not there yet. Hopefully Fisher will tackle such issues. I am not sure folks get where they are coming from. I spent some time reading thru the last fed minutes, they are serious about these targets. Based on the pce inflation was about 1% last year. Learning some basic fedspeak will hopefully at least keep you on the right side of the trade.

http://www.federalreserve.gov/faqs/economy_14419.htm
 
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