No, I wait till have the new values. The values from the old cycle are gone.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
The ACD Method
- Thread starter sbrowne126
- Start date
No, I wait till have the new values. The values from the old cycle are gone.
I received a pm asking whether I did the study for monthly highs/lows I posted here also for weekly data.
Thought I post the results here in case other users are also interested. It covers the same futures markets as for the monthly study.
Limitation is, that I did the analysis on daily data, i.e. looking at how often each day of the week is the weekly high or low (and also seperately for high and low). However, in the real world one wouldn't wait until the first day of the week is over but instead use a few hours, so the same study on intraday data would be more informative (which I didn't do yet)
Overall the result is that the first day of the week is indeed the high or low more often than any other day, only Friday also makes highs/lows quite frequently compared to the other days.
Thought I post the results here in case other users are also interested. It covers the same futures markets as for the monthly study.
Limitation is, that I did the analysis on daily data, i.e. looking at how often each day of the week is the weekly high or low (and also seperately for high and low). However, in the real world one wouldn't wait until the first day of the week is over but instead use a few hours, so the same study on intraday data would be more informative (which I didn't do yet)
Overall the result is that the first day of the week is indeed the high or low more often than any other day, only Friday also makes highs/lows quite frequently compared to the other days.
Attachments
Quote from Shanb:
ASML-long
SLG-short
DB-long
I'll post more specifics in my log if your interested
Wow, those stocks didn't go anywhere. Of course the market was pretty quiet as well.
Let me offer some advice. When I started trading stocks in 2000 one of the things that separated the good traders from the bad traders was not technique, but stock selection. It's very much an art, not a science. After watching 1000's of hours of tape, you begin to get a feel for what is going to move that day. There are no indicators or short cuts on this unfortunately. But at the end of the day, you can only take out what the market gives you and those stocks were offering nothing. I wouldn't be discouraged. It takes a lot of time. You are just going to have to be patient.
Quote from Maverick74:
Wow, those stocks didn't go anywhere. Of course the market was pretty quiet as well.
Let me offer some advice. When I started trading stocks in 2000 one of the things that separated the good traders from the bad traders was not technique, but stock selection. It's very much an art, not a science. After watching 1000's of hours of tape, you begin to get a feel for what is going to move that day. There are no indicators or short cuts on this unfortunately. But at the end of the day, you can only take out what the market gives you and those stocks were offering nothing. I wouldn't be discouraged. It takes a lot of time. You are just going to have to be patient.
SLG had a decent reversal. DB was ehh not so good. I was actually watching MS and GS on the A-up, but they ripped through the A-values and didn't look back. DB was my sub-par setup. Prob not the best, but something could have been taken out of these stocks.
Stock selection is definitely an art like you said! But I am noticing that I am getting in late on many of the trades that I am taking. Do you not think that tightening up my ACD parameters would be more consistent with take the type of trades that I am taking(Breakouts)?
Quote from Shanb:
SLG had a decent reversal. DB was ehh not so good. I was actually watching MS and GS on the A-up, but they ripped through the A-values and didn't look back. DB was my sub-par setup. Prob not the best, but something could have been taken out of these stocks.
Stock selection is definitely an art like you said! But I am noticing that I am getting in late on many of the trades that I am taking. Do you not think that tightening up my ACD parameters would be more consistent with take the type of trades that I am taking(Breakouts)?
What are you using for your opening range?
Quote from flip:
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?
you are correct on this, sorry put this up hastily doing 8 different things, will put a sheet together when I get a minute, I was trying to show the more simple aspect of this. Taking that range you get a breakout at the top of the range at 124.19 I was long around this area off the pivot. It looked like a continuation from yesterday with a failed short in the morning. I am long here want to see if it can break 130 then will look to add a stop.