I need to check my PC for the various times, but index futures I know start from the stocks open. Metals and energies I use varying times depending on pit open for those that still trade that way.
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The ACD Method
- Thread starter sbrowne126
- Start date
Thanks for the NL update, yanks.
My pleasure, Kool : )
A few Sunday night broad market number lines and their respective monthly, quarterly and year-to-date performance.
GLD had a monthly and weekly A up on Wednesday. I’ll be watching for a numberline confirm.
IYR had a monthly A up on Tuesday and kept some distance from the 69.91 weekly A down. The shorter term number lines could confirm this week.
A few Tuesday night highlights from my broad market number lines:
Many of the Shan’s 5 Day Change numbers are the largest positive numbers of the year (it’s the difference between today’s 5 day rolling compared to 5 days back). There is always (well almost) a shift now the other way.
IYR confirmed the 5 and monthly yesterday.
IYZ (Telecommunications Sector) has shown the first confirmed 5 and monthly since March, and that one was short lived. The little rally in August was done with lousy 5 and monthly numbers. Could it be moving with some juice?
JJC still has confirmed everything.
Steel (SLX) has been living in 5 day negative numbers since late July. I wonder if the four positive days in a row (only 1’s but still positive) in the 5 day is the beginning of a base and subsequent move?
Mav, I've read many times on here about the importance of early cycle confirms, and how you will void out the late cycle ones. I assume this is in reference to taking trades. Do you think it's worthwhile to consider applying the same thing to the scoring process?
If I understand you correctly, you mean to ignore a late day A for example. No, it would not work this way, indeed a late day C is one of the more powerful indicators of what will happen tomorrow, as it leaves all those who took the A trapped.
If I understand you correctly, you mean to ignore a late day A for example. No, it would not work this way, indeed a late day C is one of the more powerful indicators of what will happen tomorrow, as it leaves all those who took the A trapped.
Hello JT,
You could be right. However : ) I read it in reference to Mav liking A ups and downs early in a cycle, like early in a weekly or monthly chart. And, discounting those signals later in the week/month. If that's it; it's an interesting point but would be very difficult to score.
Hi Robert,
I was referring specifically to the question about applying the same principle to the scoring process, ie. Daily. As to other late cycle A Ups/Downs, yes I do see Mavs point.
One thing I have noticed late cycle is the old support becoming resistance and vice versa. For example you get a monthly A up early on and then later in the month it pulls back to the A up, that often serves as support.
I was referring specifically to the question about applying the same principle to the scoring process, ie. Daily. As to other late cycle A Ups/Downs, yes I do see Mavs point.
One thing I have noticed late cycle is the old support becoming resistance and vice versa. For example you get a monthly A up early on and then later in the month it pulls back to the A up, that often serves as support.
Mav, I've read many times on here about the importance of early cycle confirms, and how you will void out the late cycle ones. I assume this is in reference to taking trades. Do you think it's worthwhile to consider applying the same thing to the scoring process?
No because with intra-day scoring, the late part of the cycle is probably "the" most important part. How a market closes has a significant impact on my scoring.
But what about 24hr futures markets? I've been scoring the whole 24hr session starting with the 'official' pit open. What about a session where price stays within the A levels and makes a +1 by NY close/rollover, then overnight makes an A down at 4am? I was thinking do I want to call that a -2? It's been so long since the pit open, and a situation like that is more what I was thinking of by late cycle.