Absolutely but the beauty of ACD is I'll get in at a much cleaner level then they will. Also, something I have noticed, very few people have the courage to get involved in stocks that are "up too much". You know, because the move is "over". LOL. You actually will find very little noise in those stocks. If anything, most guys will be trying to short them. Because they are "up too much".
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The ACD Method
- Thread starter sbrowne126
- Start date
Absolutely but the beauty of ACD is I'll get in at a much cleaner level then they will. Also, something I have noticed, very few people have the courage to get involved in stocks that are "up too much". You know, because the move is "over". LOL. You actually will find very little noise in those stocks. If anything, most guys will be trying to short them. Because they are "up too much".
Shrinking pivot for many trading instruments.
Natty up 5%....again. Another weekly A up.
Corn up 5%...again.
I have a question for the experienced ACD users. I've become very comfortable with my daily A numbers, but have fewer data points for the weekly and monthly. Using my methodology my weekly A tends to be 2.5 to 3 times the value of the daily number and the monthly tends to be about 2.2 to 2.5 times the value of the weekly number. I know everyone has their own system, but just want to test to see if these ratios are reasonable based on your experience. Any insights would be appreciated. Thanks.
Quote from sarue:
I have a question for the experienced ACD users. I've become very comfortable with my daily A numbers, but have fewer data points for the weekly and monthly. Using my methodology my weekly A tends to be 2.5 to 3 times the value of the daily number and the monthly tends to be about 2.2 to 2.5 times the value of the weekly number. I know everyone has their own system, but just want to test to see if these ratios are reasonable based on your experience. Any insights would be appreciated. Thanks.
My only question to you would be; are you calculating them the same way you're calculating the daily numbers? So while the relation to the various time frames isn't something I've noticed, and may well be true, I think what's more important is that you're using some percentage of the ATR over a given period.
Hope this makes sense
Quote from sarue:
I use the same methodology for the higher timeframes as I do with the daily. I've been using the same multiplyer, but question whether it should be the same or a different value.
I'm not sure I quite understand. Seems like the number is being derived by the multiplier and not as a percentage of a period's ATR. Guess I can't be of much help. I tend to use 20% of the X day ATR, (# differs for me based on time frame of the A level).