The ACD Method

Thanks.

Seems like everyone uses it differently...
futures71 ... no thanks

 

intra day- Once price pulls into OR after an A up or A down- it is typically a MESS as shown by days price action. Does not mean there are no trading opportunities- all it means on days like today trading requires lot more effort and LUCK. Break down of 102.40 into euro close was not with much FORCE but I still plan to follow the PLAN.

 

I would wait for a double top intrday, if it breaks down sell it..... double tops are nice

 

Yes, double tops, double bottoms etc.. are all VALID set ups.

 

XLY looks healthy in this tape, maybe it's a good spread against XLU, XLV or VNQ. So far I got a small long position and will spread against one of those if they go below the A down level.

 

Perfect failed A down on ES at 1263. Heading to the A up at 1272.50.

 

Agreed Mav, to the tick! C'mon on in bulls, the water is fine!

 

I know it sounds crazy, but I'm going to start keeping an eye on Ford again. Really nice opportunity to buy last week on the failed weekly A down, now, it's outperforming the S&P.

I have 11.85 on the monthly A up.

 

I'm afraid I was wrong, upper resistance looks stronger than I thought, several failed A ups here.

 

BMY bounced off the monthly A down today at 34.20. Just letting ya know...