The ACD Method

Quote from hoop121:

ok, good advice.

i'm trying to build out my CL and NG levels, but i'm getting very few days where they confirm any A up or A downs.

i'm using a 45 minute OR and a 25% of a 10 day ATR.

based on my ATR value though, i'm getting very wide A values and I think this may be the problem.

any thoughts?
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somewhere on the thread way back there was a discussion about opening range. No matter how fast the mkt becomes it still has to open and close. here is a chart with the open on cl, you can put a line at the close of the first five minute bar and see how often that price is touched. In other words a touch of that bar is like mean reversion otherwise you have a trend day, to me this is what acd helps with and you can take this to the lowest time frames.
 

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Quote from hoop121:

do you guys start your A values at 9:30 on Thursdays because of the inventory number?
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For the purpose of the number lines I do not modify the opening ranges. This is just for the purpose of the number lines though. I modify OR for other reasons.
 
Quote from hoop121:

would you guys consider today to be a confirmed A down in /GC even though it happened after the open cry pit hours?
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Gold was a minus 3 day for me. So yup, confirmed A down. Nice job Gold, getting off to a great start aren't ya. LOL.
 
Looked to be like everything had failed A ups pretty much across the board in stocks.

Although I did have a confirmed weekly A down in TLT.
 
Actually, scratch that. I don't have my stuff in front of me and am typing from my iPhone. I know I saw a bunch of failed A ups in something today, but can't remember if it was in the stocks I watch or commodities.

Nothing to see here. Move along.
 
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