The ACD Method

Crude oil showing nice strength. Trying to make a late day A up here.

 

Very strange price action today. Oil making an A up, Copper at the A up, indices trading sideways yet bonds and the Dollar making A ups.

 

How does it feel to be trading in a different environment, or are you still in the office for now?

 

Still in office.

 

Do you think this has more to do with all the macro stuff this week, (ECB, Fed, etc)? Or end of month, (covering successful bond and dollar shorts)?

Is it at all possible the market is trading sideways because MF Global customers are liquidating and re-establishing elsewhere?

If so, won't this give us too much noise to trade via ACD this week, or give us nice ORs that lead to nothing?

Just curious really

 

agreed not too many people on et talk about the joy of drawdown. Nothing like being wrong on a large trade, one of the worst feelings in the world, super stressful. I think this really separates the men from the boys. I can see why people autotrade, LOL.

 

Yeah a lot of cross currents with MF Global, BOJ, end of month, fed meeting this week. I never initiate trades at the end of the month. But I do think the end of this week we are going to get some solid opportunities.

 

This thread crossed 100k page views!

 

How close to the end of the month are you willing to open a position?

 

Probably a lot of guys like me impatiently hitting refresh at various points throughout the day. This thread is kind of like candy, "i've got other things I really should be doing...but...<F5>"