ACD Chop up

Discussion in 'Technical Analysis' started by VonHayek s.j., Apr 3, 2013.

  1. Anyone Notice that if the ACD method got brutalized yesterday it is usually really effective today? I think Steidlmayer talks in an obscure interview from the 80's about simply searching a universe of futures contracts and trying to isolate the markets with the highest likelihood of experiencing an out of balance day.

    Euro on 4/2 was a straight acd nigntmare. A failed A up followed by down moves that made progress but were always fought and reversed.

    Euro today: clean break out of and OR well below the pivot range, An a up that stopped and consolidated at the Daily pivot. The natural retrace barely challenged the top of the opening range before proceeding to trend nicely to the Weekly Pivot level.

    About ten ticks of heat for a 40 tick gain.