Hello,
Going through the ACD Methodology thread, it seems that it is no longer active. I would like to suggest that a new thread is created to discuss various questions and ambiguities that exit in this system as many seem to be using it. This thread would be for those who believe in this system and not for proving it wrong or write.
For a starter, I have two question: How do you trade on a Failed A with a rubber band reaction. Do you wait until it gets back into the OR - in which case you increase your risk - or do you enter as soon as you see a rebound. Comments please.
Second question is with exits. The book does not discuss exit strategies. Any ideas into this? Should we use other indicators such as pivot points, etc or what?
Explanation of extensions to the methodology is most welcome.
Going through the ACD Methodology thread, it seems that it is no longer active. I would like to suggest that a new thread is created to discuss various questions and ambiguities that exit in this system as many seem to be using it. This thread would be for those who believe in this system and not for proving it wrong or write.
For a starter, I have two question: How do you trade on a Failed A with a rubber band reaction. Do you wait until it gets back into the OR - in which case you increase your risk - or do you enter as soon as you see a rebound. Comments please.
Second question is with exits. The book does not discuss exit strategies. Any ideas into this? Should we use other indicators such as pivot points, etc or what?
Explanation of extensions to the methodology is most welcome.
