Carnap, I didn't understand a single word you said there. LOL. Look, everyone is welcome to post here, but this is an "ACD" thread. I have no idea why you brought your elliot wave "material" over here being that you have your own thread. Nothing against Elliot Wave, but we are trying to stay on topic here as we have for the last 5 years and 900 plus pages. There is a lot to be said for consistency and longevity.
The ACD Method
- Thread starter sbrowne126
- Start date
The extension level at 83.2 has been reached, so we can say that a larger impulse wave is up folding. Resist level at 83.4 has been tested positively. Good signs for the Goodman scenario.
Now an important decision point has been reached the resist level 84.5. The upper triangle line is actually at 84.99. Maybe we will see a minor correction at this point.
A closer look at the impulse substructure is showing steadily increasing dynamic showing trend lines with increasing slopes.
What should also be mentioned is a" bomb" occurring at the last trend line. A bomb is defined as a short violation of the trend line “false break” followed by an impulsive break out in form of a gap up break out. That is a typical feature for a running wave iii of 3.
Furthermore the situation EUR/US is indicating a further decline min. 27875. But we could see more downside retracement into the next year. That is because EUR/US completed an EDT formation as a consequence an total retracement of the last formation has to be expected.
Overall there is confirmation that the Goodman scenario is running already.
seriously, what is this junk. So is it up or down? Stop hedging yourself with all these "if and buts" scenarios.
I think a lot of traders do this. They create such a complicated convoluted world in which to make their trading decisions that they ultimately suffer from paralysis from analysis. I always cringe when I see newbies with 30 lines on their charts and all these theories as to why price is doing what it's doing. I've never seen anyone make money from this approach because it becomes self defeating.
The extension level at 83.2 has been reached, so we can say that a larger impulse wave is up folding. Resist level at 83.4 has been tested positively. Good signs for the Goodman scenario.
Now an important decision point has been reached the resist level 84.5. The upper triangle line is actually at 84.99. Maybe we will see a minor correction at this point.
A closer look at the impulse substructure is showing steadily increasing dynamic showing trend lines with increasing slopes.
What should also be mentioned is a" bomb" occurring at the last trend line. A bomb is defined as a short violation of the trend line “false break” followed by an impulsive break out in form of a gap up break out. That is a typical feature for a running wave iii of 3.
Furthermore the situation EUR/US is indicating a further decline min. 27875. But we could see more downside retracement into the next year. That is because EUR/US completed an EDT formation as a consequence an total retracement of the last formation has to be expected.
Overall there is confirmation that the Goodman scenario is running already.
Wow!
Given the complexity of the charts, lines and commentary, and the fact that you mentioned "Goodman scenario" a couple of times: Can I assume you're talking about this Goodman?
http://www.haaretz.com/life/arts-leisure/.premium-1.550120
Guys, watch these emerging currencies. Turkey,Mexico, Hungary...
Dollar is breaking out strong on these as well, but it's the velocity of the move that should draw your attention, not simply the technical aspect of it.
Dollar is breaking out strong on these as well, but it's the velocity of the move that should draw your attention, not simply the technical aspect of it.
not to rub it in the faces of the guys who don't use ACD...............But is there anything prettier and more satisfying than catching a real nice Failed A? Price moves quickly to the level, snaps back quickly, and proceeds to move smoothly to the ATR target on the other side. Usually at least 3 or 4 to 1 R/R. Caught three this week, out of 4 trading days. Just a beginner, but I feel like Maverick.
No, there isn't anything better. I checked.
by my chart there were several tradeable failures in the yen futures today. two a downs and two c downs. 3 of the four made good money with reasonable risk. I took the first two A failures, lost 9, and made 38. Was too gun shy to take the two Failed C's after the news, and figured plus 29 when the ATR is like 57, is nothing to sneeze at. How do you guys feel about ACD setups that occur late in a session after there has been significant price action for the day. Avoid, embrace?
http://seekingalpha.com/news/1715553-etracs-risk-off-and-risk-on-etfs-will-liquidate-on-may-9
Did you guys see this? The Risk ON/OFF etf's are permanently "OFF".
Did you guys see this? The Risk ON/OFF etf's are permanently "OFF".