The ACD Method

ACD leaves alot of risk in the market if the calculated range is large. How do you enter the market then once you get an Aup or C down ..etc
 
Quote from onava:

ACD leaves alot of risk in the market if the calculated range is large. How do you enter the market then once you get an Aup or C down ..etc
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A or C are not entry signals in and of themselves, simply an indication of what your directional bias should be.
 
Quote from justrading:

A or C are not entry signals in and of themselves, simply an indication of what your directional bias should be.
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isnt that what i just said
 
Quote from onava:

isnt that what i just said
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Sorry, I took the "How do you enter ........" as a question.

Re the OR, the standard answer is it depends on your trading style and time frame. That is a little vague for me, so I looked at what percentage of the daily range it would represent, and would it leave enough of the range to trade. For example if CL has a daily range of $2.00, I might look at an OR that would be 30-50 cents on average, something that would be enough to establish a directional bias but still leave enough to trade.

Academic now, since I don't day trade any more, but it still comes into play with number lines and monthly/quarterly levels.
 
Quote from DT3:

Would love to get your thoughts on a day like today Mav. Any interesting monthly levels to watch in the indices?
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I certainly don't speak for Mav but I do know that acd keeps even dummies like me in the right side of these moves.
 
Quote from baggerlord:

Anyone else like a GOOG short here? By my numbers I've got a probably A down on the daily, at a failed A up on the monthly.
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hey guys, forgive Mav for the delay in any responses to recent questions. I know he's been very busy with a bunch of stuff lately and has not had a lot of time to get on ET.

Regarding GOOG, it's the end of the month so I'm going to throw the monthly chart out. So far, we have a confirmation on the weekly from yesterday and a failure on the QTR A down.

I don't keep number lines on GOOG, but just looking at the chart I can tell it's probably not a positive number so I wouldn't be looking to try my hand on taking any A ups anytime soon.

The QTR A up is 845.28 and it looks like it's moving that way. But I would wait until May 1 before putting on any swing trades.

As far as a day trade, I'd be looking to fade both the A ups and downs right now and as always with tight stops.

But again, I don't keep number lines on the equities and my primary focus is commodity futures right now so take that for what it's worth.
 
Man, speaking of medical issues, I need to start preparing a contingency plan if something were to ever happen to me so that this thread doesn't completely die. LOL. You do know, you guys are allowed to talk to each other.

Things are improving with the medical issue. I should be back to regular posting soon enough. I left Hoop in charge of the place. Feel free to introduce yourself.
 
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