Mav' you see A' up in NG today March ? I have 'A up so a +2 - actually a very clean one easy to see
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The ACD Method
- Thread starter sbrowne126
- Start date
Mav' you see A' up in NG today March ? I have 'A up so a +2 - actually a very clean one easy to see
Quote from optionbull:
Thanks.
The number lines are calculated based on what sort of day it was (ACD values) +4/-4 +2/-2 or even a 0 day, cumulative 30 day 12 or whatever trader wants
Trading levels depends on what sort of trader you are, I am just trying to figure out how to calculate number line ( think I have number line figured where by I basically determine OR based on pit session then time say 5 minutes into the session or 15 even set the A' values and C values based on % of ATR for me and then compute after day is over, roll etc then when you get to +9/-9 two days in a row you have a potential trend set up in the respective direction.......
Number lines are the most often misunderstood aspect of the ACD system. Do a search for number lines on this thread and you should get a lot of info. I find very few people using them correctly and they are probably the best part of the ACD system.
Quote from Maverick74:
Number lines are the most often misunderstood aspect of the ACD system. Do a search for number lines on this thread and you should get a lot of info. I find very few people using them correctly and they are probably the best part of the ACD system.
Hi,
using them correctly ? You mean how to calc the Number Line ?
pending your OR will skew your number line relative to anyone elese, this is subjective
Quote from Maverick74:
The Yen bounced nicely off the confirmed monthly A up. This is how strong markets behave. They move in waves. They confirm and pull back and re-test the A levels and continue higher. They do this on all time frames.
Here is a follow up to the USD/JPY move.
The Yen is going out the month on the highs! As you can see we had several re-tests of the monthly A up and it continued higher. We get new monthly levels tomorrow which sucks because I hate it when the first day of a month is on a Friday.
There is absolutely no reason to short this pair. The first decent level to try to short it ( not me) would be the monthly A up in Feb. I would prefer to buy any decent pull backs we get.
Attachments
Quote from optionbull:
Hi,
using them correctly ? You mean how to calc the Number Line ?
pending your OR will skew your number line relative to anyone elese, this is subjective
No, I mean very few people understand what number lines are and how to interpret them. Unfortunately they provide the most value to guys who already understand internal market readings very well.
Also, watch this Euro. My vol indicator says a large move is coming and we have a solid QTR A up with the pair going out the month on the highs as well. I also imagine the whole world is shorting it. Watch 1.3867 level. We could easily over shoot that and print the 140 handle.
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you ever use the 20 Min OR for pit session Crude or Natty? 8-8:20am CT OR. I've been listening to the traders audio Crude squawk the past two weeks and they always say the locals watch the 20 min OR and look to buy/sell a breakout of that range later in the session...Im not sure who the locals are down there now, but it seems like they really bid/offer the market based on the OR and try to push it towards a PP
Quote from jsmooth:
you ever use the 20 Min OR for pit session Crude or Natty? 8-8:20am CT OR. I've been listening to the traders audio Crude squawk the past two weeks and they always say the locals watch the 20 min OR and look to buy/sell a breakout of that range later in the session...Im not sure who the locals are down there now, but it seems like they really bid/offer the market based on the OR and try to push it towards a PP
I use 5 minutes on both. But as I've always said, if you want to trade a certain type of setup, then it will serve you well to manipulate your OR and A levels to help facilitate that.
Both crude and natty are VERY noisy products. Stops going off all over the place. I don't think anyone has to push either product through levels. It will do it on it's own.
Quote from Maverick74:
Here is a follow up to the USD/JPY move.
The Yen is going out the month on the highs! As you can see we had several re-tests of the monthly A up and it continued higher. We get new monthly levels tomorrow which sucks because I hate it when the first day of a month is on a Friday.
There is absolutely no reason to short this pair. The first decent level to try to short it ( not me) would be the monthly A up in Feb. I would prefer to buy any decent pull backs we get.
Hey mav, what is the OR you are using to calculate these monthly A levels, or is that personal? Just curious as to what days you use as your opening range when calculating OR for the month. I see you have feb montly lines drawn already and we haven't even hit the first day of trading in feb yet.
Quote from koolaid:
Hey mav, what is the OR you are using to calculate these monthly A levels, or is that personal? Just curious as to what days you use as your opening range when calculating OR for the month. I see you have feb montly lines drawn already and we haven't even hit the first day of trading in feb yet.
TOS starts drawing them in immediately but updates them on every closed bar until the day is complete. I use the first full day. Some people use the first full session. Others use the first two days.