exhibit A, good luck trading this beast....
Perfect failed weekly A up King. I don't have a number line on it though.
The ACD Method
- Thread starter sbrowne126
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Perfect failed weekly A up King. I don't have a number line on it though.
this is a good example of large disconnect on where this is headed hence the vol.
Weigh in, if you would, of mis-using percieved fundamentals to totally get the magnitude of price swimgs wrong. I for one am constantly surpprised at the magnitude and Duration of price swings.It seems i expect untradeable noise/variation due to a perceived balance of both fundamental sides of the coin but markets dont work that way.
A repeatable market example, for me that is , are the US treasuries. They just seem to turn and run the other direction much further ( especially comsiderimg the leverage) than I think they can as I cant remember executing "let winners run" correctly in treasuries.
Does ACD help with exits and targets after the bias is established and the trade is entered? I dont recall that aspect of ACD.
A repeatable market example, for me that is , are the US treasuries. They just seem to turn and run the other direction much further ( especially comsiderimg the leverage) than I think they can as I cant remember executing "let winners run" correctly in treasuries.
Does ACD help with exits and targets after the bias is established and the trade is entered? I dont recall that aspect of ACD.
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Yes. So here is the uniqueness of ACD. The 30 day number lines usually track the fundamentals because it basically tracks the inside buyers and sellers footprints. You will find more often then not that the 30 day trades in the same direction as the underlying fundamentals. This is why I mentioned earlier that one can use fundamentals as a filter to look for trades because they fulfill the same purpose as the 30 day number lines.
Now the A levels are what keep you honest. As I've said before many times, the A levels are ideally not to be used as trade signals but rather risk levels. So for example, my treasury number lines have been strong for a while. However, a violation of the A levels would remove me from the trade. So the 30 day number line gives me my upward bias let's say in ZB but a confirmation on say the monthly A down would take me out of the trade.
And yes, ACD is great with price targets. I've said also before that long term trends have a tendency to end at the QTR A levels. But monthly levels can be just as effective to get out of intermediate term moves. And the beauty of the A levels is they keep regenerating through time. For example after this week, we get new weekly targets next week. After the end of this month we get new monthly targets and so on with QTR levels. It allows you to keep re-entering a trend and have new further out price targets.
I knew there was a reason why I never took vacations. Updating number lines after time away is quite a long and tedious chore.
Look back at my posts. I asked you if you have ever taken a vacation. I haven't since I started using ACD. I goof off every year from 20 Dec to 2nd week Jan but I still keep up the work every day.
There must be a better way.
Honestly, I think it's why it's so effective. The absolute discipline and work that is required to maintain the edge is why you don't have to worry about "everyone doing it". That's a common question I often get is why can't everyone just score number lines and make millions or just automate it? Well, they can't that's why. LOL. I mean it really is that simple. When you walk into a gym and you see some guy with 5% bodyfat and a Greek body sure you can obtain that. Are you really willing to count calories the rest of your life. To eat completely clean? To never miss a workout? I would say 99% of the people can't. Sure some guys will score lines for a few months. Some here might even make it a year. But sooner or later, guys will try to take short cuts. They'll get lazy. They'll try to cheat the system. And that's when the market springs into action. A man can get lazy briefly and lose in a day what he spent his entire life accumulating through sheer hard work.
Did they go as you thought they probably would ......or did one or two mildly surprise you?
Good one Coach Mav!
Mav how long would you estimate would it take for you to get back fully updated with the number-lines and in sync with price action ?
On a off note how was the holiday any places that you would recommend or avoid ?