The ACD Method

justrading said:
30D NL on EURUSD confirmed negative for me on 20th March, I was actually late entering because life got in the way of trading. The 5 day swings around of course, but confirmed negative on Friday.

USD Index is still confirmed positive on the 30D NL and 5D NL confirmed for me again on 29th March.

I tend to take a longer view and ignore short weak patches and such, so USD being weak for a few days doesn't change my trade outlook.
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Well there is a reason I don't trade anything but gold right now. I was just tracking NLs on currency futures and assumed that the spot crosses trade how you would expect them to based on the involved futures. I made a paper trade yesterday in a spot cross and figured out that my assumption was wrong. So now I am also tracking NLs on the major crosses in addition to the currency futures contracts. Only reason I post this is to let you know that my earlier post on the EUR/USD NLs was incorrect. I have the EUR/USD cross very negative on my fast lines and dropping towards negative on the slow. I will definitely stick to gold until I am successfully papertrading other stuff.
 
Interesting observation from today: I'm going through my trade journal and reviewing old trades thru the lens of ACD. As I suspected, most of my losing trades would have been avoided if I'd applied my ACD "filter". Most winners confirmed with ACD signals - either a monthly A up or failed A-down setup.
 
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