The ACD Method

Quote from Trader.Fighter:

Maverick,

Are you still long US Steel ?
More...

Nope, flat for now. Got out after it broke through the QTR A up. Will look to buy it back on a failed weekly A down, re-test of the monthly A up or a failed monthly A down in OCT or any failed weekly A down hereafter. Tons of combinations of trades.

It pretty much hit all my upside targets. And much faster then I expected. Knowing how volatile this stock is, don't want to stare at the gift horse too long you know. :)
 
The Euro hit the QTR A up target around 1.38. Should see some consolidation in this area. Look for a pullback at your A levels for re-entry. Same with Aussie.
 
Quote from Maverick74:
Gasoline looks like they are going to start giving it away for free!
More...
That whole run up into the Syria situation is now being unwound. Declining oil demand from impending recession is consistent with Bonds trading strong, as well as gold strength recently (except for today, of course) from expectation of delayed QE tapering.
 
Quote from blakpacman:

That whole run up into the Syria situation is now being unwound. Declining oil demand from impending recession is consistent with Bonds trading strong, as well as gold strength recently (except for today, of course) from expectation of delayed QE tapering.
More...

Rbob peaked in February! BEFORE the summer driving season. This thing hasn't found a bid in 8 months.
 
Quote from Maverick74:

Rbob peaked in February! BEFORE the summer driving season. This thing hasn't found a bid in 8 months.
More...
Interesting ... maybe portends a bigger than normal fall. Certainly looking at a 5 year chart one can sense the amount of "potential energy" stored in that trading range from 2011 to 2013. This may be concurrent with the stock market down and bonds up ... then we all know what the Federal Reserve will do... MOAR.
 
You must log in or register to reply here.
Back
Top