The ACD Method

I posted Fords number lines a little bit back, went short at 17.19. Pretty sweet trade with almost no heat. Sold a 1/3 today.
 
Another nice Failed A up in the Yen futures today. If you had the conviction to stay with the trade it comfortably hit the ATR target with zero real heat.
 
partha said:
Lots of failed A lines (RB, HO on monthy ADown and Qtr) and DX failed on monthly AUp.
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Add to that a perfect failed WAUp on the ES. Amazing stuff going on with CL too lately in addition to the products. Still trying to get a handle on the cracks and calendars but everything seems to be fitting right in.

I remain, an ACD kid in candy land :D
 
DT3 said:
What did you see that made you fade the weekly A level in ES?
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I did not fade it. I am not there yet. I am still focused on intra-day levels but trying to move up a notch so I make notes on the higher timeframes everyday in the few markets I track and share them here when I get too excited about my hypothesis playing out as anticipated. My WADn is around 26-29 so that was a hell of a failed WAUp and as of right now we could be setting up for a failed WADn.

But from my notes since yesterday: The order flow/price action during the move up from 65 to 71 early yesterday was weak and unconvincing. Price failed WAUp @71 3 times and then my order flow stuff confirmed around 67 on the pullback to the MPvt low once we broke down through it. Since 1:30 CT yesterday, there were 4 shorting opportunities per my notes from pullbacks to significant ACD levels.

I still don't know how people hold a trade through ~10 point retraces so I really don't have it in me to trade any timeframe higher than intra-day yet. Until I figure out how, I am making notes.

... And, CL just blew past a couple of my ADns. Not sure if anyone has explored the idea of having multiple ORs during a time frame - like multiple intra-day ORs and so forth. Its interesting how one builds on top of the other.
 
I guess I'm just not seeing same thing you are (ACD weekly wise) altough I've only been tracking weekly/monthly levels for a number of months now and I don't give them as much weight as my daily levels which I use for my NLs.

I don't trade the ES but do follow the SPY closely and fwiw I don't even have a weekly A up being attempted, and my weekly A down confirmed today at around 195.75 which coincidentally or not was the same level as my A up on the day so I decided to put on a short on at 195.29 with 195.75 being my stop. I got out at my daily A down level but left some nice money on the table. My monthly A down is approaching so my next trade is probably going to be to try and catch a failed A down if I can get it at the same level.

Always good to hear what others are seeing this thread tends to die down from time to time.
 
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