The ACD Method

True, but I don't like how commodities got sold so hard today. I doubt Gold can hold a bid if the selloff in commodities continues.

 

Thanks for following up on this. As I understood it so far, the time stop should also be applied after a confirmed A up ("if the market doesn't move from where you bought it, get out") but I guess it also depends on the situation - and as you write - what the other markets are doing.

In such a situation after being stopped out, would you trade this market again on this day? Question is where to re-enter here, e.g. once the market breaks above the A up level again? (I'm aware it will also depend on the situation, the specific market etc.)

 

01-06-20122. Above 102.60, target is 103- 103.20 and on. Similarly to the downside, 101.90 and on.

 

trade after job report. If pivot gets broken HARD- more downside.

 

Here is the overnight action in the currencies. Failed A up in the Aussie and failed A down in the Euro as well as a failed A up.

 

GS and MS numbers get CUT BIG time. sector to watch for clues

 

Watch for the good news bad action trade today on the jobs number.

 

WTW strong out of the gate again.

 

Bonds on fire, confirmed A up.

 

AAPL, NFLX and WTW holding bids.