It doesn't matter. Everything is relative. As long as you are scoring like products in a similar fashion then you can make relative comparisons. I do find the pivot levels to help aid in markets which are active overnight because the daily pivot range encompasses the entire 24 hour period.
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The ACD Method
- Thread starter sbrowne126
- Start date
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.
Good point and observation. Thanks.
http://traderfeed.blogspot.com/2014/10/the-real-source-of-trading-success.html
Very appropriate article for the home gamers on this thread...
Very appropriate article for the home gamers on this thread...
some of you may have missed this, I thought this was good information, you can skip to minute 12 re Europe
which is beginning easing/bond buying
http://www.bloomberg.com/video/davi...annie-and-freddie-s~bPsCBFSWOmHYM5aPnTFw.html
which is beginning easing/bond buying
http://www.bloomberg.com/video/davi...annie-and-freddie-s~bPsCBFSWOmHYM5aPnTFw.html
Hi Mav,
I know you answered this on page 9 back in 2011, but do you still trade the weekly bar? For some reason until I read that detail I always thought you held monthly positions. Thanks.
I know you answered this on page 9 back in 2011, but do you still trade the weekly bar? For some reason until I read that detail I always thought you held monthly positions. Thanks.
What do you mean by weekly bar? I trade off of weekly levels. Sure.
Weekly time frame. Yes, I appreciate you answering the question.
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?
Hello HomeGamers,
Per Tuesday’s note:
IYR has continued to strengthen.
IYZ has consolidated a bit. If it has a successful weekly A up early in the week it could easily move.
Steel (SLX) continues to show strength and work off a great deal of negative numbers.
The Biotech Sector (IBB) has worked off all its negative numbers and had a 52 week high on Thursday.
JJC continues with positive confirmed numbers in the monthly and 30 day. The 5 day has pulled back to 2 but it had to take a breather.
Worth watching for fun and grins: UNG. Big down moves this past week but strong daily numbers the last couple of days. The 5 day will lose a -2 tomorrow.
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Hi guys, anyone watching corn? It made solid monthly A up, weekly A up and stays above those levels. Also solid number lines. On this thread it was not talked much, but still from original ACD 14d pivot moving average already is crossing both 30d and 50d and starts sloping upwards. All of this after long bear market and such strong and early monthly A up is pretty rare in corn. Combined with bearish sentiments and that everyone is talking about how much corn there is it looks like solid ACD setup. I already own some and am interested what do you think?