The ACD Method

[Maverick74]

USD/JPY hit 113...

114...

 

[partha]

RB anyone - confirmed NL (my data) on multiple time frames

 

[Maverick74]

RB anyone - confirmed NL (my data) on multiple time frames

I'm more interested in heating oil.

 

[partha]

Mav - thanks for the pointer, Its confirmed on my 5NL .. will look at it too

 

[Maverick74]

It's just behaving better then Rbob. The crack is performing much better.

 

[ACD_lurker]

something for ACD land here. What do the pros think? Bullish Number line here on a 5 day rolling after today. Looks as if TOS is missing some of the hourly data today.

 

[ACD_lurker]

USDJPY trying to confirm a monthly Aup...is this over extended? In hindsight the better buy would have been at the QTR Adown failure.

 

[ACD_lurker]

DX continue up. After close today it should be a +6 on my 5 day number line.

 

[ignl]

USDJPY trying to confirm a monthly Aup...is this over extended? In hindsight the better buy would have been at the QTR Adown failure.

Imho not necessarily overextended in the long term it could be just start of the move as those sneaky japs caught everyone off guard. They need inflation and to deal with huge debt so who knows how much pain they can tolerate. Of course chasing market and buying now @115 can be risky. If it makes monthly A up soon then pullback to 115 could be better entry point with more conviction. Just my 2 cents, don't know how others trading

 

[Maverick74]

Kyle Bass thinks it's going to 175+. Remember where this thing came down from, it use to trade over 250. This move hasn't even started yet. Short term, yeah it's a little stretched.