The ACD Method

Quote from mdl060374:

Looking at my charts, how do you guys handle new weeks not coinciding with new months, etc.

For example, SINA's weekly OR was established 2 days ago, but a new month starts today, and overlaps exists.

I am guessing since monthly wins out since its a longer timeframe, and represents more of a macro S/R level.

But I guess I would be interested in hearing peoples views on overlaps. Too me, it seems like a tight weekly, and a tight monthly, is ripe for a BO.

And Perhaps any failure of a weekly A down, that happens to overlaps with a monthly A up, is bullish.

And also, any monthly and weekly OR that ARENT that close to each other, could mean the stock is "overextended" (yeah, I know Fisher has said, "how high is too high" but could mean wait until the lines readjust themselves, etc.
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I think it really depends on your time frame. I only use the monthly stuff for longer term trades. I also use the weekly's for managing open monthly trades. That's just me.
 
Well, that's what I get for not updating my number line yesterday! Shan asked me earlier if I was looking at GS, I wasn't, but I should have been...

30 day number lines of note:

XLF - 21
XLB - 17
XLY - 15
 
Quote from Quon:

Well, that's what I get for not updating my number line yesterday! Shan asked me earlier if I was looking at GS, I wasn't, but I should have been...

30 day number lines of note:

XLF - 21
XLB - 17
XLY - 15
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I re-set mine at the beginning of the month. I use to get annoyed when the number lines would get that big because it would take forever to get them back down. So I started today back at zero. Thanks for posting those.
 
Quote from Maverick74:

I re-set mine at the beginning of the month. I use to get annoyed when the number lines would get that big because it would take forever to get them back down. So I started today back at zero. Thanks for posting those.
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Yeah, I was thinking that 20+ was a little ridiculous. I suppose it gives you a sense of what's "been" happening, but I see the value in knowing what "is" happening obviously too.

I think I like your concept of starting at zero each month, and I'm planning to track both going forward.
 
So does this method work...? What's the verdict of you guys using it with live money...? It seems really complex and there are way easier ways to trade...

I also don't think that there is any significance to the opening bar... :p
 
Do the algos have ACD numbers programmed in? It's uncanny how well they work to provide at least temporary support and resistance.
 
Quote from sarue:

Do the algos have ACD numbers programmed in? It's uncanny how well they work to provide at least temporary support and resistance.
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You can be sure Fisher has algos for these, but it doesn't matter. Use the lines for what they are intended to be, reference prices.
 
Quote from CoolTraderDude:

So does this method work...? What's the verdict of you guys using it with live money...? It seems really complex and there are way easier ways to trade...

I also don't think that there is any significance to the opening bar... :p
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No, it doesn't work. Avoid it at all costs! Three words for you to look up...moving average crossovers. You'll thank me later!
 
Quote from Maverick74:

No, it doesn't work. Avoid it at all costs! Three words for you to look up...moving average crossovers. You'll thank me later!
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+1 and yes I agree first bar is useless!
 
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