Anyone read The Logical Trader?

J

jrlvnv

Well I am going through the book and I am trying to figure out how some people are figuring out how to determine how many ticks above the opening range, where my point A would be. I have tried to figure it out based off of the examples in the book but what I come up with is no where near what he has. So if anyone has read the book and came up with anything and would like to share there findings, I can use a hand. Thanks

J
 
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A and C are different for each stock or any trading instrument.


Edit: one could use ATR as (ATR-(how much instrument already moved)) is your A.
 
Quote from jrlvnv:

Well I am going through the book and I am trying to figure out how some people are figuring out how to determine how many ticks above the opening range, where my point A would be. I have tried to figure it out based off of the examples in the book but what I come up with is no where near what he has. So if anyone has read the book and came up with anything and would like to share there findings, I can use a hand. Thanks

J
More...

Hey J-

There's a thread under the Index Futures that covers the ACD method. If the link doesn't work just do a search for "ABCD" titles only.

http://elitetrader.com/vb/showthread.php?s=&threadid=61231&highlight=abcd

Hope this helps.

PaperTrader
 
it just comes down to studying the particular instruments that you trade... for BRCM, I believe he recommends a .20 range for A.. Lately, I've had success with .10/.15


Just study your instruments that you want to trade, perhaps sit down for a few hours and go over the charts for it and do some trial and error.
 
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