Any of my ACD brothers (pro and homegamer) play golf? I'm buzzing today as I beat a guy last night that I've never beaten before (only 9 holes but a 38 for me). Took the gross and skin money. $10 bucks feels like $1,000. All the hard work and dedication is starting to pay off! "I know it doesn't belong here but I'm floating"
Here is a popular spread of SPY/EEM with my 30 trading day ACD levels . The trigger is the 1st day FOMC meetings. 2014 and 2015 meetings are shown EXCEPT for the most recent meeting approx. 10 days ago. Note the lack of direction the last 10 days where most past meetings triggered decent moves, reversals etc... Anyone else use macro events (Fomc,NFP,Drahgi, Abe) etc to trigger ACD levels to trade?
Yes. Use this same method for major grain reports ( one tomorrow in fact). Use the monthly WASDE as a secondary type monthly level for basing a up and down targets. Have toyed with using roll taking a less popular month to top step as the time to set monthly levels as well in grsins, especially in beans where you some major distortions in month over month volatility. For instance Q will be prompt but trading off the much more volatile N values for half a month don't make since.
My present way of thinking is to use the volatility of the preceding 30 days for the Aup and Adown levels. This is not using the event day for opening range because i want to see if the behaviour going forward(pace,price,volatility) differs from the last 30 days. The event day isnt factored into the calc because i would rather see a break from a fraction of the past 30 day range rather than a break from the range of the opening day. Anyway, home gamer here, really attempting to apply ACD fundamentals, yet still green with this method. Thanks. Chart needs some work but getting there. Presently viewing 60 spreads derived from 18 underlying etfs per run.
this headline though: I think somewhere in market wizards a trader says the stock market is like trying to decide which judges will pick for beauty queen. http://www.bloomberg.com/news/artic...rise-in-london-trading-day-after-record-slump Glencore is "having a Lehman" moment nosedives 30% in a day, and then reverses because "they reassure investors" if you can figure that sh&* out God bless. link to news from Bloomberg, see how the story changes here, reflective of a larger pattern in the news. Surely some algo firms are making out on this kind of action. http://www.bloomberg.com/topics/companies/GLEN:LN
early b/c no NL confirmation, but today may be a turning point in energies to finally break the 5 wk range. Picture perfect "bad news, good action" it rallies hold