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The ACD Method
- Thread starter sbrowne126
- Start date
Another picture perfect day in Soy Beans. ID ADn in a confirmed down trend. Even pulled back twice to the ADn level. Couldn't get better than this. I have a confirmed WADn as well.
Another picture perfect day in Soy Beans. ID ADn in a confirmed down trend. Even pulled back twice to the ADn level. Couldn't get better than this. I have a confirmed WADn as well.
Yeah when the number lines are that negative, that is the type of follow through you are going to see.
Yeah when the number lines are that negative, that is the type of follow through you are going to see.
Maverick, I would be curious your thoughts on how you would trade this Soybean action today. It traded to the A-Down territory around 11am ET (I was viewing the 5 min chart similar to logicaltrader above w/ 5mins OR), but while it stayed below for the minimum amount of time, it languished and did not move in a sufficient amount of time and therefore did not confirm (by my parameters). It attempted again to confirm an A-down at 11:30am ET, but it again failed to confirm by not moving in a sufficient amount of time. Finally around 1pm ET it attempted to confirm, it did not move in a sufficient amount of time (therefore no confirmation), but at least coiled below the A-down, until it finally broke down at 1:45pm ET. In your mind where did it technically confirm the A-down? Would you have probed this trade multiple times throughout the day (attempting to enter on the A-down confirmation attempts) hoping for the breakdown or entered at 11am ET and absent a trade to the other side of the opening range held short given the weak negative numberline? I would appreciate any perspective. Thanks
Maverick, I would be curious your thoughts on how you would trade this Soybean action today. It traded to the A-Down territory around 11am ET (I was viewing the 5 min chart similar to logicaltrader above w/ 5mins OR), but while it stayed below for the minimum amount of time, it languished and did not move in a sufficient amount of time and therefore did not confirm (by my parameters). It attempted again to confirm an A-down at 11:30am ET, but it again failed to confirm by not moving in a sufficient amount of time. Finally around 1pm ET it attempted to confirm, it did not move in a sufficient amount of time (therefore no confirmation), but at least coiled below the A-down, until it finally broke down at 1:45pm ET. In your mind where did it technically confirm the A-down? Would you have probed this trade multiple times throughout the day (attempting to enter on the A-down confirmation attempts) hoping for the breakdown or entered at 11am ET and absent a trade to the other side of the opening range held short given the weak negative numberline? I would appreciate any perspective. Thanks
Image attached with notes.
Image attached with notes.
Thanks very much
Another picture perfect day in Soy Beans. ID ADn in a confirmed down trend. Even pulled back twice to the ADn level. Couldn't get better than this. I have a confirmed WADn as well.
not to disparage the ACD thing at all, but Stevie Wonder could have traded that tape with ease today. Trading, period does not get any better than that.
not to disparage the ACD thing at all, but Stevie Wonder could have traded that tape with ease today. Trading, period does not get any better than that.
hindsight is 20/20 obviously there were traders fighting that down move.
EUR anyone ... confirmed NL and confirmed Monthly ADown and has worked since it broke ADown.
The entire Euro complex has been breaking down for awhile. That EUR/GBP has been really smooth and EUR/AUD has some room to run along with EUR/JPY.