Theoretically, if we have an awesome MADn like we had in WTI and we pullback to the MADn, does that mean anything so late in the month? I am on the sidelines but just wondering if situations like these are still worth shorting with 2 days to go in the month.
. MAd is 43.95-44.20 (I use a range). I wasn't planning on taking on a position. I was just curious because these situations dont occur that often. But, wow, what a rally. EIA data corrections due Monday being cited as one of the drivers. Its still nowhere near the QAd so I still like what you said about this continuing on and we get to short the MAup failure early next month. I am definitely in when that happens.
OK, little word of caution here. I know it can be convenient to plan our future trades like that but I need to really caution against doing that. The number lines are dropping like a rock and if we re-set I would not fade it. I know I've looked ahead on things like that too only to get to that point the following month and the number lines are no longer confirmed and then I get in the trade and sure enough it confirms positive!!!!! Then it proceeds to rip my face off. Do NOT do this. Your number lines are your guide.
Its not a market I follow but I came across this article that might explain what happened: http://awealthofcommonsense.com/the-etf-flash-crash/. Also this one: http://www.marketwatch.com/story/he...d-the-flash-crash-in-some-big-etfs-2015-08-25
I haven't had a chance to get enabled for it from CQG...but new out this week is the "MBF" study if you are using CQG. Looks like a way for you to set ACD levels on CQG charts...with a volume indicator that I'm not sure of. Just a heads up. I'll let you know what it looks like once I get a good look.