The ACD Method

Thanks for the level, I was actually looking for it.

 

Looks like I had the right idea but timing was.... well off . This is what I don't like about intraday trading sometimes, feels like you are just trading noise and then boom the move happens!

 

Spread is making new highs.

 

Yikes! C down in BMY

 

Price action based trading with ACD.

I do get stopped out 2-3 times a day with 2-3 losers a day. With my style of ACD trading, 80% of the time trading CL is a battle and then 20% of the days we have TRENDS.

 

If it makes you feel any better it was a failed C down for me.

 

It always does!

I figured it was ok given that the S&P came off the Monthly A down levels in the last few minutes.

 

12-20-2011 . Pre market thoughts.

 

9.16 am short 96.84 stop loss 97.01. Narrow pivot range did not disappoint. It just does not tell us which direction the move will be.

OR for me is 96.99 to 95.54

 

Getting some rotation with some of the most recent weakest names leading the bounce on the gap up!

mfb's oil looking strong!