The ACD Method

Robert Yanks said:
Hello Mav,

Just wanted to say this ole government administrator is easing back and taking less contract work, and I plan to do more than just move my mutual funds around. So ...... I've been studying your specific posts on entries, exits, targets, tells .... etc. And, damn man ...... you've given us some really really great material over the years. I do so much appreciate it and I'm hopeful more people don't find it. :)

Thank you sir!!
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I've been trying to figure out a way to delete it. :)
 
Hello,

Just wanted to see how you guys feel about the current breakdown of commodities and commodity currencies making monthly/weekly A-downs already. (e.g. 6c 6a 6n futures, copper, crude oil, etc.)

They all seem so bearish but it seems the boat has already sailed.
 
You wouldn't know it's 5am in London the way some of these markets are moving right now....ES, 6J, GC, CL all rocking.

Interesting to me that oil has fallen nearly 20% in the last 2 weeks and the Emini has completely shrugged it off so far....what a contrast to Jan 2016.
 
SteveM said:
You wouldn't know it's 5am in London the way some of these markets are moving right now....ES, 6J, GC, CL all rocking.

Interesting to me that oil has fallen nearly 20% in the last 2 weeks and the Emini has completely shrugged it off so far....what a contrast to Jan 2016.
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Safest trade in town is equities. The weakness in commodities and in Asia in general is creating the bid in Europe and the US.
 
OPG said:
They all seem so bearish but it seems the boat has already sailed.
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Always better to trade one-fifth of one's normal position size and monitor your open position like a hawk than to sit on the sidelines not participating, in my opinion.

I like this quote from Richard Dennis in Market Wizards:

"There were plenty of guys who went short soybeans at $4 in 1973, because just like sugar at 4 cents couldn't go any lower, beans at $4 couldn't go any higher. Well, not only did they go higher, they went to a high of $12.97 in a matter of four or five months. There is another point that I think is as important: You should expect the unexpected in this business; expect the extreme. Don't think in terms of boundaries that limit what the market might do. If mere is any lesson I have learned in the nearly twenty years that I've been in this business, it is that the unexpected and the impossible happen every now and then."
 
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Spot oil breaking down here with curves going into contago.....the entire industrial complex is looking weak actually. May be May doldrums or Chinese liquidity rolling over, time will tell.
 
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