The ACD Method

ok this thread runs so fast its hard to find responces.

I was trading the spy today and had great difficulty.

I'm wondering how the ACD method would of worked on a day like Monday.

I have the online book open on my tab and glance through it every once in while to get an idea of what it is all about. But it is very detailed so I will first search for a more basic explanation.

Sorry about my skepticism but I'm sure you would all agree that skepticism is the key to taking in information about day trading as 99% of information is useless. But I am keeping an open mind

 

So you are saying you are too lazy to read a short book but still want to understand the content.

 

traitor, read at least the first three chapters where the ACD values and the daily pivot are explained, experiment with those concepts, do your own research and find out if it fits your style.

Given my levels on the instruments I follow I didn't see anything interesting in the SPY, but very good r/r opportunities in IWM, XLE, XLU and XLY.

Keep in mind that ACD is not a system, is a method which helps you to analyse price action, you should integrate your own signals. That said I trade using ACD as my main tool and only use other indicators as a second opinion and my trading has improved a lot.

 

John you hit the buy button or what...crude is ripping here!

 

Yeah nice pop. That is why you don't fade commodities. LOL.

 

you are right that is moving!

 

Looks like NFLX may finally catching a bid here...A-up at 77.95, getting there.

 

ok, we have GS making an A-down throught the pivot. Financials showing some weakness

 

Yeah, I'd been watching MS recently, also ugly despite the original pop with the MBIA settlement.

Anyone get some GME this morning? I had computer issues Oh well... GME has an 8 on the number line since Dec.

CMG also an 8, but made an A down this morning.

BMY made a daily A up today, but the recent price action has been underwhelming.

 

GME failed weekly A up. CMG near the weekly A down at 330.