The ACD Method

I'm watching them. No monthly confirms yet.

 

Shan, why bollinger? Just wondering.

Okay, here is a setup that I use. My A up is breached. So I have my bias. At some point price will probe for that A level again. When it fails, I take the trade. Trend traders do not take targets in my mind, so I draw a channel line. A violation of that channel line mean I take profit at that point. Wash, rinse, repeat.

Just my view.

 

looks good. You should look up zig zag % interesting indicator for market structure, you can set the % retrace wherever you like.

 

Yea I was referring to the intraday moves, I guess not alot of intraday traders in here.

 

Nice, thanks for sharing. That's actually just a spread chart of the XLF-XLE for the day. The bollinger is a part of the indicator so I just keep it up on the chart.

 

I had that spread up too! Good eye Shan, good eye!

 

MSTR cured me of momo stocks waaaaayyyy back in the day.

 

01-11-2012 Pre Open. One catalyst on the HORIZON for one sided day is continued strength of DXY.

 

ACD works great for momo stocks. I don't think I would touch a momo stock without ACD.

 

John, that XLF-XLE spread is looking good again today! Especially if the XLF can hold in and make the A-up