if it goes up any steeper it might fall backwards...
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The ACD Method
- Thread starter sbrowne126
- Start date
EXC....
It's gone nuclear!
I don't know how anyone is trading the oil curve right now. Very volatile.
So is USD/CAD....that thing did a blow-off top and crash like 1000pips within a week or so...crazy. I almost jumped in on that a few times but chickened out as the NL was still positive but deteriorating fast.
I had a sell signal 200 pips off the high, not sell to get short but sell to get out. My number line has re-set in that. Although it's right at the QTR A down now but the number line is choppy now.
I don't know how anyone is trading the oil curve right now. Very volatile.
flat price is bonkers too...too much risk for anything more than a daytrade if you don't run an overnight desk. smoothest in the fray has been heat oil cracks and rb/ho.
for anyone else out there doing acd on grains....short term finally flattening on the soy crush after the big run up off the lows, back to prior point of flattening prior to breakdown back to range bound?
Man this call skew in Gold is getting steep.
On my 30 day lines Gold is about to confirm for me, Copper is resetting and all my equity indexes are still chopping around just below the zero line.
Whats interesting is the rate at which both Gold and Copper firmed up there number lines vs the S&P 500.
View attachment 161322
I am seriously impressed by how well the NL telegraphed that move in Gold.Man this call skew in Gold is getting steep.