Agreed. All though all the examples don't have it where after C is confirmed it moves back through previous A value and then confirmed back up to C... confusing. Meh anyway I'm resetting the values at the end of the month.
The ACD Method
- Thread starter sbrowne126
- Start date
Agreed. All though all the examples don't have it where after C is confirmed it moves back through previous A value and then confirmed back up to C... confusing. Meh anyway I'm resetting the values at the end of the month.
I think NL doesn't take into consideration B and D points.
I think all of it can be simplified into 3 basic conditions:
1) if C was made and market settled above/below OR in the same direction as C, it's +/-4
2) if (no C but) A was made and market settled above/below OR in the same direction as A, it's +/-2; if there was also a failed A in the opposite direction, add +/-1 to make it +/-3
3) everything else is 0
One thing I've noted in FX is that A-levels of the preceding session often act as interesting levels later on -- I wouldn't say S/R levels in the TA sense per se.
For example look at my chart here:
The time on this chart is GMT, the OR starting 23:00 is my Asian session OR, the other one is my London lession OR.
Take note of the 24th of January. So it confirmed an A-Up during the Asian session, and as far as I can see, I don't think the A-Up actually became a visible S/R level in the TA sense during the Asian session itself. However, later on during the London session, the USDJPY actually made a failed A-Down, hit the previous A-Up from the Tokyo session the bounced all the way up.
Actually the A-Down from the London session of the 23rd acted similarly for the Tokyo session of the 24th, but then in that case it seems that it more clearly "became visible" in the TA sense.
For example look at my chart here:
The time on this chart is GMT, the OR starting 23:00 is my Asian session OR, the other one is my London lession OR.
Take note of the 24th of January. So it confirmed an A-Up during the Asian session, and as far as I can see, I don't think the A-Up actually became a visible S/R level in the TA sense during the Asian session itself. However, later on during the London session, the USDJPY actually made a failed A-Down, hit the previous A-Up from the Tokyo session the bounced all the way up.
Actually the A-Down from the London session of the 23rd acted similarly for the Tokyo session of the 24th, but then in that case it seems that it more clearly "became visible" in the TA sense.
One thing I've noted in FX is that A-levels of the preceding session often act as interesting levels later on -- I wouldn't say S/R levels in the TA sense per se.
For example look at my chart here:
The time on this chart is GMT, the OR starting 23:00 is my Asian session OR, the other one is my London lession OR.
Take note of the 24th of January. So it confirmed an A-Up during the Asian session, and as far as I can see, I don't think the A-Up actually became a visible S/R level in the TA sense during the Asian session itself. However, later on during the London session, the USDJPY actually made a failed A-Down, hit the previous A-Up from the Tokyo session the bounced all the way up.
Actually the A-Down from the London session of the 23rd acted similarly for the Tokyo session of the 24th, but then in that case it seems that it more clearly "became visible" in the TA sense.
That's a lot of lines.
If you want to go in that direction, I suggest you use TPO and exclude the Asian session.One thing I've noted in FX is that A-levels of the preceding session often act as interesting levels later on -- I wouldn't say S/R levels in the TA sense per se.
For example look at my chart here:
The time on this chart is GMT, the OR starting 23:00 is my Asian session OR, the other one is my London lession OR.
Take note of the 24th of January. So it confirmed an A-Up during the Asian session, and as far as I can see, I don't think the A-Up actually became a visible S/R level in the TA sense during the Asian session itself. However, later on during the London session, the USDJPY actually made a failed A-Down, hit the previous A-Up from the Tokyo session the bounced all the way up.
Actually the A-Down from the London session of the 23rd acted similarly for the Tokyo session of the 24th, but then in that case it seems that it more clearly "became visible" in the TA sense.
Look all, you can use as many indicators as you like. There is nothing better than the NL derivatives. The problem is they take weeks to months of work to develop. You need to think outside the box, and there is no packaged indicator with traffic light signals for you.
That is ACD. Love it or leave it.
What's TPO?
I still calculate my NLs everyday and I only use thr OR + A levels, no other indicators. I am just experimenting with different stuff.
Anyway, they still work best for longer trades while I am forced to trade intraday.
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https://en.m.wikipedia.org/wiki/Market_profile
http://www.sierrachart.com/index.php?page=doc/TPOVolProfileCharts.html
BTW SC and other packages have true volume profile studies for instruments that really have volume data. Futures Trader 71 (look him up on Twitter and find his website) is a master of that art, but he only focuses on ES and to me that is a crappy instrument to day trade.
I experiment with stuff all the time and I mean no criticism of you. I am only critical of those who are averse to work. My most recent effort was to see if ADX was in any way superior to my NL derivatives; it wasn't even close.
Oh you meant the volume bars below the chart? I don't use them lol, I just didn't remove them in this screenshot. I am trying to trade primarily off the levels different ORs for different sessions give me right now because based on what Fisher demonstrated for intraday trading in his webinar with MrTopStep according to someone's notes here.
No I don't mean the volume bars below the charts.
At least read the links I provided to explain what I am saying. I know, that's work.
At least read the links I provided to explain what I am saying. I know, that's work.
Why do you keep implying I don't want to do any work?
I am just puzzled why you say I am using other indicators and mention volume.