Yup, Im down from noon till about seven or so. Best time for a trader to sleep and I have my activities set up around the markets
EurSek did not confirm. EurCad looking good right now. What I am using ACD for is to make sure macro price action is good when I take a trade. Im going to look at the first day of the month and plot values off of that. Based on that, and my interpretation of values, anything below 3896 is a good short after a price action setup. Yesterday the bulls tried push the plummeting Euro back, they will have failed as of midnight tonight.
Hey there everyone! Been putting in some work to implement some ACD into my approach. Here are some trades that I put in on the SPY in the past two days. On Thursday I used the OR after the 730 numbers were released as it seemed logical. Today I used the OR after the Michigan Sentiment number was released. Was long biased as the market opened above the pivot range for both days. I've attached some Screenshots, would appreciate some feedback and will detail more if needed. Thanks! The grey box is the pivot range. The white lines are the OR and the dashed are the A levels.
I definitely favor a intraday swing approach, just didnt have an methodology to collect my thoughts and create a bias. I've been scalping momentum intraday(unsuccessfully). I am feeling that I like going this route much more. Just like any other trader out there...looking to find something that fits me!
Currency traders...... Focus on good A thru the pivot. It will help you. 30 percent on my account this week.
Nice work Shan. You are catching on to ACD pretty fast. Yesterday was a perfect failed A down intraday on the ES. I use very different levels then you and we both came to the same conclusion. That is how price action works. Good job.