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The ACD Method
- Thread starter sbrowne126
- Start date
Corn limit up. Blew through the weekly and monthly A up, sitting at the top of the QTR. It might be game on in the grains again guys.
Just curious, what is the average A-value used by breakout traders in this thread?
I'm currently using 20% ATR with a 20 minute OR. The thing is I'm not getting alot of follow through on many of my trades. I'd say about 20-25% getting to targets. 40% at scratches or small losers. The rest would be losses.
The average OR relative to ATR in my trades is 40% or so. If I am getting in +20% and give or take any gap...I am getting in the tail end of the move. These are all in play stocks with good news/bad action and bad news good action plays. Don't know if this is the market environment or my A-values.
I had a feeling that I was waiting too long to get into moves, the stats might confirm this. Going to go over some more stats at the end of the day, then I will decide if I will cut down to near 10% on the A.
I'm currently using 20% ATR with a 20 minute OR. The thing is I'm not getting alot of follow through on many of my trades. I'd say about 20-25% getting to targets. 40% at scratches or small losers. The rest would be losses.
The average OR relative to ATR in my trades is 40% or so. If I am getting in +20% and give or take any gap...I am getting in the tail end of the move. These are all in play stocks with good news/bad action and bad news good action plays. Don't know if this is the market environment or my A-values.
I had a feeling that I was waiting too long to get into moves, the stats might confirm this. Going to go over some more stats at the end of the day, then I will decide if I will cut down to near 10% on the A.
Quote from Shanb:
Just curious, what is the average A-value used by breakout traders in this thread?
I'm currently using 20% ATR with a 20 minute OR. The thing is I'm not getting alot of follow through on many of my trades. I'd say about 20-25% getting to targets. 40% at scratches or small losers. The rest would be losses.
The average OR relative to ATR in my trades is 40% or so. If I am getting in +20% and give or take any gap...I am getting in the tail end of the move. These are all in play stocks with good news/bad action and bad news good action plays. Don't know if this is the market environment or my A-values.
I had a feeling that I was waiting too long to get into moves, the stats might confirm this. Going to go over some more stats at the end of the day, then I will decide if I will cut down to near 10% on the A.
Thanks, this is sort of information that I think can really help people that have read the book and are looking to make some sense of how to use this method within thier individual portfolio's and comfort levels
Quote from pwrtrdr:
Thanks, this is sort of information that I think can really help people that have read the book and are looking to make some sense of how to use this method within thier individual portfolio's and comfort levels
Ya its really alot of trial and error. Whatever your approach you use, it must be logically consistent. Trading bo's prob requires tighter parameters depending on the what you are trading. Those good new/bad action plays don't come around that often. I just noticed that using the A-values that I am currently using results in getting in too late alot of the time.
Quote from kinggyppo:
got a breakout trade here in Bidu, long from 124 area will hold it for a while open target.
bidu pivot 123.85
pivot range 131.91-115.79
earnings Oct 20.
pivot = ( high + low + close ) / 3 ,
the range two lines are calculated like that,
range = ( high - low ) / 2 ,
1st line ( above the pivot ) = pivot + range ,
2nd line ( below the pivot ) = pivot - range ,
logical stop short term frame would be 122, I have no stop, under this I will begin to add.
Hi kinggyppo, I'm not sure how you come up with your pivot range.
As you use (high-low)/2 instead of (high+low)/2 I assume you use a different method than Fisher describes in his book?
The pivot range according to Fisher would be as follows:
pivot = (h+l+c)/3 = (127.54+119.48+124.54)/3 = 123.85
second number: (h+l)/2 = (127.54+119.48)/2 = 123.51
daily pivot differential: 123.85 - 123.51 = 0.34
daily pivot range:
pivot + differential = 123.85 + 0.34 = 124.19
pivot - differential = 123.85 - 0.34 = 123.51
So I come up with the range 123.51 to 124.19.
But even if I use your method of adding/subtracting (h-l)/2 to/from the pivot, I get different values than you have:
(high - low)/2 = (127.54-119.48)/2 = 4.03
1st line ( above the pivot ) = pivot + range = 123.85 + 4.03 = 127.88
2nd line ( below the pivot ) = pivot - range = 123.85 - 4.03 = 119.82
So this gives a range of 119.82 to 127.88 which is different from your values 131.91-115.79
Could you shed some light on this?
Quote from Maverick74:
Corn limit up. Blew through the weekly and monthly A up, sitting at the top of the QTR. It might be game on in the grains again guys.
General question: At the beginning of a week/month/quarter when you don't yet have values for A up / A dn, do you wait until you have these values (e.g. after one day for monthly values, few hours for weekly etc.) for your trading decisions? Or do you for instance use the values from the previous week/month/quarter? thx!
Quote from Shanb:
Ya its really alot of trial and error. Whatever your approach you use, it must be logically consistent. Trading bo's prob requires tighter parameters depending on the what you are trading. Those good new/bad action plays don't come around that often. I just noticed that using the A-values that I am currently using results in getting in too late alot of the time.
What stocks did you trade today?