The ACD Method

NQ back to test the yearly and weekly A ups.

 

Mav,

When looking at weekly A' up/down.

Are you calculating the A value off of some opening range time frames that are average of the week, or off a pivot moving average ?

Wondering how you arrive at the weekly A's. I am not interested i nthe A' value itself ( that is subjective to some extent) but rather the numbers that you calculate the A' value from point?

Thanks

 

pre open 99.20 is still important support. break above on volume tgt. 101.18. break down 99.20 with FORCE tgt 98.36

To get 101.18, have to cross OR high of 100.24

 

You can use a weekly pivot. I use an opening range that is derived from the volatility of that product. A momentum trader would probably be better off using a weekly pivot as you will get into the trade faster with a tighter stop.

 

long 99.62 , out 100.04. waiting to see what happens at daily pivot and or high 100.24. Also watching GDP news sell point 100.50

May try failed A up set up. Above 100.50, it's not stopping till 101.20 or so.

 

Hi thanks,

Bit confusing. The pivot range has nothing to do with opening range ?

For example lets say ES has opening range of 9:30 to 9:50 am EST

The A' value from a weekly perspective is calculated from that range how? Not sure how Pivot range plays into the A' value and opening range value?
especially wht respect t oweekly ?

 

FCX-XLU spread looking good here.

 

Well, don't look now, but F just confirmed a daily A up. Looks like the Monthly A up worked as support. Interesting, was expecting some general market weakness off that GDP number.

 

short 100.42 stop loss 100.52. cover some 100

 

I try to use XLU sparingly because it's double dipping. In other words, you are trading an inversely correlated product. It tends to go down most of the time when the market goes up. Meaning, if we roll over, not only will you lose money on FCX, but XLU will now spike in your face.