The ACD Method

Here is a spread that I think will perform well into the end of the year.

 

Hey Jason, sorry I missed this post. Let me know the next time you're in town and we'll grab those beers.

 

Is it just me or has this forum gotten really quiet since the market rallied the last few weeks?

 

This was my worst week so far since using this approach. Took a loss on my EUR/USD short and then reentered and took profit at 2x risk. So I'm up one unit of risk this week and calling it good.



Regarding the earlier discussion on wide vs narrow A levels, I think it really comes down to understanding distribution of moves and knowing what you are targeting. IE are you trying to get in when statistically there is room for a move or are you trying to fade when the move will generally fail. If you know what you are trying to acccomplish then you can calculate your A levels with your specific trading goal in mind.

FWIW my best trades so far have been taking weekly momentum entries at a point where the move is extended on a monthly level. So I am trading with trend on the weekly or daily period and fading on the monthly.

But keep in mind I am an ACD Newb so take this all with a grain of salt.

 

? for anyone...if you had a monthly a up would ignore all of the daily a dn?

 

I personally want to see price action confirm on all time frames. The best monthly A ups don't make weekly A downs. The best weekly A ups don't make intra-day A downs. Usually strong markets have failed A downs. So yes, I would be concerned if I was long anything that was making an A down.

 

maybe early holiday?

 

No way. Most of ET are trading addicts. They couldn't stop if they wanted to.

 

thanks mav....looking for failed a dn and bouncing off lower end of daily pivot ranges?

 

That would be ideal...yes.