The ACD Method

Discussion in 'Technical Analysis' started by sbrowne126, Jul 16, 2009.

  1. Quon

    Quon

    Sorry... It'll pull back, right?!?
     
    #3511     Jan 9, 2012
  2. Maverick74

    Maverick74

    How many pounds of salt do you have over there? LOL.

    If it doesn't, I'll move on to something else. There are a lot of stocks on the verge of a breakout right now if the ES holds these levels and challenges the 1300 level. I'll jump all over them.
     
    #3512     Jan 9, 2012
  3. Maverick74

    Maverick74

    Euro bounced 50 pips off the failed A down on the US session to the pip.
     
    #3513     Jan 9, 2012
  4. Maverick74

    Maverick74

    NFLX new highs. :(
     
    #3514     Jan 9, 2012
  5. Quon

    Quon

    Quarterly somewhere around 103ish?
     
    #3515     Jan 9, 2012
  6. Maverick74

    Maverick74

    I have it right below 102.
     
    #3516     Jan 9, 2012
  7. Quon

    Quon

    Sounds good to me, thanks Mav!
     
    #3517     Jan 9, 2012
  8. End of day, tried couple of shorts and got stopped out.
     
    #3518     Jan 9, 2012
  9. Maverick74

    Maverick74

    So here is how you chase something that you let you go of prematurely. I'll look to pick this thing up on any intra-day A down or possibly a failed weekly A down next week. It would need to come 14 pts for me to grab the weekly A down this week. But there will be 4 chances to get in at the intra-day A down this week. I would normally take it on the weekly breakout but this thing looks like a hard short squeeze. You need to be careful of buying the highs here.
     
    #3519     Jan 9, 2012
  10. Maverick74

    Maverick74

    Btw, this is a major mea culpa on my part. A great example for you youngsters out there on how NOT to trade. I do make these mistakes from time to time. :)
     
    #3520     Jan 9, 2012