Nice pop on the far end of the yield curve today.
The ACD Method
- Thread starter sbrowne126
- Start date
You're right King. Thanks for the post.
Thank you Mav
Don't thank me. Do you understand?
Seriously, this is a critical concept to understand and I've found that people who think they understand ACD and I bring this up and they clearly don't get this. It's not only critical to understanding ACD but also to finance and economics in general.
ACD/ what is the advantage of this method? How could this work with a broker?
Not sure I understand this question. With a broker?
Mav I think he might be getting confused with the first poster on thread , he was talking about a broker or something along those lines not having the time.
Mav I have a question primarily to do with applying macroeconomic over view along side the numbers lines (shifted my focus primarily on the number lines less with the macroeconomic variables ) but I have seen number of occasions that usually the number lines allow you to get in early prior ( before major event usually takes place ) to a major breakout but when the breakout fails it usually resultant of the poor macro economic variables (when the breakout is successful usually data coincides with the number lines)
if the breakout fails do get out straightaway with regards the result of the economic news or should wait for my time stops to get triggered or wait for momentum to shift.
Mav I have a question primarily to do with applying macroeconomic over view along side the numbers lines (shifted my focus primarily on the number lines less with the macroeconomic variables ) but I have seen number of occasions that usually the number lines allow you to get in early prior ( before major event usually takes place ) to a major breakout but when the breakout fails it usually resultant of the poor macro economic variables (when the breakout is successful usually data coincides with the number lines)
if the breakout fails do get out straightaway with regards the result of the economic news or should wait for my time stops to get triggered or wait for momentum to shift.
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It may be futile to attempt to explain an analysis technique that is largely discretionary. If you are fortunate to have the natural talent to use a technique that requires discretionary judgment or some special intuition you have developed with years of experience, you might not realize that it is beyond the grasp of the mere mortal (the rest of us).Don't thank me. Do you understand?
Seriously, this is a critical concept to understand and I've found that people who think they understand ACD and I bring this up and they clearly don't get this. It's not only critical to understanding ACD but also to finance and economics in general.
Yes, I think your intuition is right. Ultimately the fundamentals always win out in the end. The trades with the best follow through do align themselves with the fundamental view. I have said this for a long time that it would serve everyone on this thread whether you trade ACD or not to understand world markets. I've pushed the FX end of this pretty hard here. I've tried my best to sprinkle some of this insight where I can. But you need to understand what is going on in the world. Yes, WTI is going to come under selling pressure with a pop in the dollar. Yes, commodity currencies are going to trend lower with commodity prices. Yes, the yield curve is a great forward looking indicator for growth and overall economic outlook. Don't just look at lines on a screen. It's really one of my pet peeves. Guys drawing lines and saying look, we bounced off of it. LOL. Talking about missing the forest. Interest rates matter. Inflation matters. Gov't policy matters. FX flows matter. ACD does a great job of pointing you in the right direction but you still have to investigate what is going on.