The ACD Method

logicaltrader said:
Well, you were right on the money. Could you please elaborate on your WTI comment when you get a chance? Was it the crude NLs or were you also considering other factors like the dollar index strength for instance? I had a failed monthly A dn in the beginning of june that made me biased long for most of month. I got a good trade in rbob which made it all the way to the monthly A up but crude did not. I anticipated that I was in the right direction looking at what the dollar index was doing and for a few days, the movements seemed to correlate between the two but then crude hit a wall around 62 and just rotated between my qtr and yearly A up levels. I thought we would hit 63 (back in the Jul contract, now around 64). Clearly, I am missing a lot of things.

Thanks again.
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Which WTI comment were you referring to? Right now in WTI I don't see anything sticking out. We've been holding near the highs of this range. Actually came off the top of my yearly A up about 20 times so far. LOL. The front month strips have been very strong and implied vol has been very cheap. Rbob is clearly the cleanest trade right now as it's in a confirmed 30 day. This confirmation has given the rbob/ho spread a nice bid. This week we failed at the weekly A up in WTI almost to the tick. We have new monthly levels now and soon to be new QTR levels.
 
Maverick74 said:
Which WTI comment were you referring to? Right now in WTI I don't see anything sticking out. We've been holding near the highs of this range. Actually came off the top of my yearly A up about 20 times so far. LOL. The front month strips have been very strong and implied vol has been very cheap. Rbob is clearly the cleanest trade right now as it's in a confirmed 30 day. This confirmation has given the rbob/ho spread a nice bid. This week we failed at the weekly A up in WTI almost to the tick. We have new monthly levels now and soon to be new QTR levels.
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Thanks. I was referring to the comment you made about how you thought WTI at the highs of the range was suspicious. Thanks for clarifying. This is very helpful.
 
Maverick74 said:
Let me say something else. Let me speak about the value of putting your thoughts out in the open. I've been on this site for 13 years. And over the years I've used this forum as a journal, news depository, a place to rant, a place to ask questions and a place to experiment. I wouldn't be the trader I am today if I never put my thoughts and ideas out in the open. Ideas are very powerful, but they become even more powerful when they can get exposed to scrutiny. If my ideas were never challenged, if people never questioned them, if they were just accepted, they would never hold any value. I cannot, I repeat, I cannot emphasize just how important this concept is not just in trading, but really anything in life. If you believe something to be true, put it out there. See what the universe thinks about your idea. Let it withstand the punishment of the critical mind and the harsh word. Then when the dust settles, look at what's left of that idea. And there you might find your gem.
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so I will throw out this, from Finviz accessible to all. under bubbles you can set your x and y axis to look at all sorts of metrics, who has the best 6 month performance, forward pe vs market cap, etc. This allows you look at some basic market metrics and find outliers at a glance. screenshot enclosed. It will be an interesting weekend for the Euro for sure.
 

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kinggyppo said:
so I will throw out this, from Finviz accessible to all. under bubbles you can set your x and y axis to look at all sorts of metrics, who has the best 6 month performance, forward pe vs market cap, etc. This allows you look at some basic market metrics and find outliers at a glance. screenshot enclosed. It will be an interesting weekend for the Euro for sure.
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Well look at you. Providing a value added post. Nice work King! :)
 
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