Thanks for this. Excellent thread guys. Keep up the great work.
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
Thanks for this. Excellent thread guys. Keep up the great work.
Quote from mfbreakout:
LOL. Well so far 2,000 hours is working fine. rest of the remaining hours will be used for weekly/monthly set ups.
http://www.screencast.com/t/Ot0q8wBr2
if anyone traded cl from short side, i will appreciate their feed back as i suck on shorts on A up days. Longs all day long but there were plenty of shorts which i missed.
long set up on pullback.
<a href="http://www.screencast.com/t/yjejnrZi">2011-10-04_1435</a>
Quote from pwrtrdr:
Hi- Can you elaborate.
Are you saying the OR that Mark sites fro ES is not correct? I think he uses 09:30 to 09:50 ? ( 20 minutes)
Thanks
Not necessarily. You could use whatever opening range you feel comfortable using according to your strategy. ACD is just a methodology and you adjust it to your own strategy. I trade in the mornings only from 9:30-12:00pm ET and I'm in the process of building a trading strategy based on those hours using principles of the opening range. I still don't quite understand what the Aup or Adown means yet. I use the opening range as a guideline along with price action to gauge which direction the market is likely to go.
What I find great about basing a strategy around the opening range is that it keeps me from over trading. It also helps me define where my exit is when I'm wrong as well as when to take profits. It's actually a very simple concept and it's the simplicity that draws me to building a strategy around the opening range.