Crude has to get back above 98.50 in the next two sessions to avoid confirming a QTR A down. Confirming this early in the QTR would probably send crude into the 80's. Sorry Fisher, that would null the buy at 95 and sell at 115 hypothesis. For now...
The ACD Method
- Thread starter sbrowne126
- Start date
And for those of you watching the Brent/WTI spread, we went from almost flat to back near $10. That is a monster move. If you recall, I mentioned some time back on this very thread that if one were inclined to try to short crude (which I advised against) you could have bought this spread instead with much less downside and so far gotten the same upside. This is where spreads can really pay off big.
It has already confirmed the monthly A down, correct?
Yes, but late cycle. So that is not a short signal by itself. Confirms have to come in the first 2 weeks of the month. Preferably in the first week for a momentum trade.
Quote from kinggyppo:
cl back to that value area, remember the first two weeks of July kind of a new wrinkle in Fisher's methodology...
Well, 96.65 is the top of the OR for the first two weeks of the year as well. I take it Fisher is a buyer today.
I'm new to the ACD method and still learning. I'm glad I found this thread! Good info here.
The other method that I am using for swing trading still have me long the Euro, Aussie, the pound and swissy. More downward moves in the USD are looking likely.
What do you get for a weekly or monthly ACD in the US Dollar?
TIA
No downside target. Still modestly strong number line. If it holds the QTR A down, it's a good long here, if not, she might have a ways to go on the downside. Next target on the downside is the monthly A down in Nov.
DX
Weekly 79.50 and 80.00
Monthly 79.37 and 81.00