Mav, don't limit yourself to swings. ACD does work at the intraday level. At least it does in FX. And +1 on this post. Time is the real factor.
I use ACD everyday on intra day trades. Just not on commodities. Good to see you out of the basement. You haven't posted here...in a long time. LOL.
I felt no need. I check the thread daily. You have been a great captain. No need for anyone on this ship to tell you anything. You are kicking ass.
Have you ever had a grain position go limit against you? For days on end with no out? It's not pretty. No need to take that risk going against the trend.
Guys, Mav talked about a weekly A up in nat gas being a good place to get long after the test of the qtr. Looks like that trade is upon us.
It is upon us. We closed right at my weekly. I'll be getting long tomorrow if we hold here. Truthfully I was hoping to get in at the QTR A down but got distracted with other stuff.
We are also sitting at the QTR A down in Copper. Very critical level here. It looks like it's going to come down to AAPL and the Fed. If we break these levels, 1300 will get tagged in days. If we bounce here I still think we will go lower but we could re-test 1390 or so before we fall.
The consensus seems to be the Bank of Japan will begin easing again. (didnt they just stop?) The decision is Friday. JPY has spent some time around the .012350 level ( from a couple weeks ago) after quite a run-up. Thinking of selling it here. A couple days of global risk-on into this event on Friday could be nice. Thoughts anyone.