The ACD Method

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Deutsche X-trackers Harvest CSI 300 China A-Shares ETF
 
Maverick74 said:
Holding at the QTR A down.
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I don't know USDJPY price action kinda feels like last year October - broke out of the range to 110. then corrected to below Q A down and then sprang up another leg up straight to 120...

ACD question: you said before that you use quarter levels mostly to mark the end of the move. However what does it mean to you if it makes Q Aup/Adown? Do you then wait for a yearly A (I don't follow more than quarterly, is there any patterns you noticed there?). I personally didn't notice anything that could give the edge after made Q level, sometimes there is follow through but very often nothing happens or price even reverses.
 
jj90 said:
FWIW buying everything china related tmr at the open.
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May I ask the reason? You find valuations attractive? Like China's economy and its future? Expect big rate cut? Think that market already have shaken off overleveraged grandmas? :) See something in ACD/Price action? What's your timeframe?
 
ignl said:
I don't know USDJPY price action kinda feels like last year October - broke out of the range to 110. then corrected to below Q A down and then sprang up another leg up straight to 120...

ACD question: you said before that you use quarter levels mostly to mark the end of the move. However what does it mean to you if it makes Q Aup/Adown? Do you then wait for a yearly A (I don't follow more than quarterly, is there any patterns you noticed there?). I personally didn't notice anything that could give the edge after made Q level, sometimes there is follow through but very often nothing happens or price even reverses.
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Deep corrections often end at the QTR A down. They usually will blow through the monthly levels. So the QTR can provide nice long term entries.
 
logicaltrader said:
rb/ho! +30 cents. The petro complex has been crazy since the beginning of the month.
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I meant to post that my 30 day on HO confirmed negative two days ago and that would lead to a pop in this spread. So now we have RBOB confirmed positive and HO confirmed negative! Talk about a double shot of Energy!
 
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