The ACD Method

flat 1.2972

 

Here are the overnight moves in FX. Both the Aussie and the Euro failed at the A up and the Euro failed at the A down at 1.2986. King might have some support here. Aussie is breaking down though the A down.

 

they nicked me on a false breakout not the first time probably won't be the last. The key is to honor your stop.

 

Gold getting crushed yet again. Bottom pickers getting taken out. The monthly A down was at 1687. Watch the QTR A down level at 1550.

 

In the XLV space again, just brought to my attention by a friend; PFE. Up 1.8% yesterday!

 

Natty Gas broke the 3.20 level and falling. Copper at a really critical level here at the monthly A down 3.3468.

 

long eurusd 1.2977 stop 1.2962

 

flat 1.2990

 

For the record, even though it's a failed A down (so far), I wouldn't buy anything with a number line as negative as the Euro. One bad news item and this thing will drop 100 pips in 5 minutes.

 

agreed brick wall at 1.30 that's not grandma on the other side, LOL.