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I actually find it a little disrespectful for you to say that only a professional can manage to make one good trade a week. It isn't that difficult to track strength and weakness.

I'm not completely inexperienced. I made consistent but small profit daytrading equities at a prop firm for about 6 months. My current approach seems much easier. It doesn't take anything too amazing to make a good trade here and there. Of course I dont know the answer to your question...

I ended up making two trades this week. The 2nd one I posted in the ACD thread, and didn't feel like posting it twice lol. Here are the trades. The top red line is the open price for the week, the black lines are areas containing most of the distribution of small moves, and the red lines...

Hello my friend. Your play money comment is absurd and it partially explains why you lost your bankroll every time. The other reason you lost is even more painfully obvious. One thing I learned over 7 years of playing poker full time is that ego is the biggest enemy of every player...

I'm only watching AUD/USD right now and I didn't really expect it to do much considering it is a Friday and and it is statistically played out on a weekly basis. I'm planning to open a position Monday in either direction off the first signal I get.

I added a few of my own.

Is your goal to write essays on how great you are? I guess you are a success in that regard. When it comes to trading you are not a success by any measure, because you do not trade. I really don't know why you would expect anything but negative reactions here. This is a trading forum...

You will probably call this trolling, but I should point out I have traded at least 100x as long as you with real money, and have made quite a bit more money as well. That isn't too impressive considering you have only made $200 over your career. I've lost more money in one hand of poker than...

Read this thread, the book, and start using it with however you already trade. Learn as you go from there.

I really appreciate the fact that even though we all trade different products, styles, and timeframes, and we all calculate our A levels differently, we all still recognized the importance of areas we were approaching today.

What you really need is the ability to clone yourself. Of course that would put us all in in a bad spot as the world money supply gradually shifted into the hands of Lucias and clones.

Either way this should make for a good trade next week. Just watching for now. My goal right now is to learn and the trades help keep me interested.

Out at breakeven, looks like market is accepting these prices. If I'm wrong I will blame it on Al Brooks.

Opened a long AUD/USD position at 1.0060 off the monthly A down level and a daily long signal based on my stats I've been playing with.

Sorry didn't explain, I calculate my levels off the small move, which stays pretty consistent. Edit: there is a very slight correlation between 10 day atr and small moves, so small i decided to ignore it. I believe it was .1 or so.

Also I've tested for correlation between shorter term averages and prior day small move, that sort of thing. I didn't find any relationship. So I'm just using the long term distribution. It is nice because you only periodically have to calculate them.

I use a pretty long period, at least a year. The reason is that I have graphed them and they are very consistent over long periods. They don't trend nearly as much as range. That is a good thing because if you factor it in to product selection it improves r:r.

The noise levels are an average which doesn't make sense to use if you think about it. I calculate my own levels based on the distribution rather than an average. I'm also just using opening price as opposed to range.

To explain that better, what I mean is by studying ACD and related concepts I am learning to understand the market in terms of open, open range, and the distribution of moves from that open. For some reason movement from open to A level seems the easiest to trade right now for me. I am sure as...

Its not exactly ACD, but I've been working on an approach to capture the move from somewhere around the open to the normal distribution of bigger moves which falls somewhere around the A level most of the time. Had my first trade this week with this style in AUD/USD. It worked perfectly and...