For you home gamers out there, pay attention to the correlation breakdown in USD/JPY and risk assets.
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The ACD Method
- Thread starter sbrowne126
- Start date
I created ACDMethod auto trading program and uploaded at
http://www.quantcode.com/modules/docmanager/view_file.php?curent_file=457&curent_dir=19
This is test purpose only and works with IBS account.
http://www.quantcode.com/modules/docmanager/view_file.php?curent_file=457&curent_dir=19
This is test purpose only and works with IBS account.
Hello-
I see from Fisherâs book how he calculates the daily A up and A down, and the semiannual A up and A down based on the first 2 weeks of the 6 month period.
What about the weekly, monthly, and quarterly calculations?
Do you calculate the Weekly A up and A down based on the first day of the new week?
On which time period do you calculate the Monthly A up and A down?
On which time period do you calculate the Quarterly A up and A down?
Thank you
I see from Fisherâs book how he calculates the daily A up and A down, and the semiannual A up and A down based on the first 2 weeks of the 6 month period.
What about the weekly, monthly, and quarterly calculations?
Do you calculate the Weekly A up and A down based on the first day of the new week?
On which time period do you calculate the Monthly A up and A down?
On which time period do you calculate the Quarterly A up and A down?
Thank you
Quote from HenryD:
Hello-
I see from Fisherâs book how he calculates the daily A up and A down, and the semiannual A up and A down based on the first 2 weeks of the 6 month period.
What about the weekly, monthly, and quarterly calculations?
Do you calculate the Weekly A up and A down based on the first day of the new week?
On which time period do you calculate the Monthly A up and A down?
On which time period do you calculate the Quarterly A up and A down?
Thank you
Unfortunately that is all up to the trader. As should the intra-day stuff be. Don't just take Fisher's word for it and use his default settings. Those settings are 10 years old! Just be consistent with whatever you use because comparative analysis is VERY important.
Quote from Maverick74:
Unfortunately that is all up to the trader. As should the intra-day stuff be. Don't just take Fisher's word for it and use his default settings. Those settings are 10 years old! Just be consistent with whatever you use because comparative analysis is VERY important.
AKA do your own work and spend the 3 or 4 years it takes to learn the basics and become proficient. Then you might have a chance.
Quote from actionzip54:
AKA do your own work and spend the 3 or 4 years it takes to learn the basics and become proficient. Then you might have a chance.
Now, now. It doesn't take 3 or 4 years to learn the basics but all traders should put in the work. Anytime you are building a model and that is exactly what ACD is, you should build it from the ground up using your own research and your own data and you should know that model better then the back of your hand. That is how you will get a feel for it and know what works and what doesn't. Just doing what I tell you to do is not going to make you a better trader. While hard work won't guarantee success, not working hard will almost certainly guarantee failure. The choice is yours.
Maverick,
I know you have moved away from intraday trading, but a quick question. If you are using number lines generated from daily price action to construct swing trades that i assume last from days to weeks, is it feasible to generate number lines from shorter time periods to set up trades that are measured in minutes and hours?
Obviously, dependind on the product, certain periods within the 24 hour cycle would have to be filtered outdepnding on volume, but maybe something like this would be usefull?
I know you have moved away from intraday trading, but a quick question. If you are using number lines generated from daily price action to construct swing trades that i assume last from days to weeks, is it feasible to generate number lines from shorter time periods to set up trades that are measured in minutes and hours?
Obviously, dependind on the product, certain periods within the 24 hour cycle would have to be filtered outdepnding on volume, but maybe something like this would be usefull?
add on, learning how to read the market is totally seperate from learning how to trade the infoQuote from Maverick74:
Now, now. It doesn't take 3 or 4 years to learn the basics but all traders should put in the work. Anytime you are building a model and that is exactly what ACD is, you should build it from the ground up using your own research and your own data and you should know that model better then the back of your hand. That is how you will get a feel for it and know what works and what doesn't. Just doing what I tell you to do is not going to make you a better trader. While hard work won't guarantee success, not working hard will almost certainly guarantee failure. The choice is yours.
Quote from RunItOnce:
Maverick,
I know you have moved away from intraday trading, but a quick question. If you are using number lines generated from daily price action to construct swing trades that i assume last from days to weeks, is it feasible to generate number lines from shorter time periods to set up trades that are measured in minutes and hours?
Obviously, dependind on the product, certain periods within the 24 hour cycle would have to be filtered outdepnding on volume, but maybe something like this would be usefull?
No because to look at the macro you have to build it from within. The intra-day action is where the hidden footprints are. I can't tell anything looking at a daily bar. The daily bar "hides" all the action. This is where "I" think a lot of longer term traders steer wrong by just looking at a long term chart. Sure, it provides some value, but anyone can pull up a longer term chart. Very few people have the insight or are willing to put the work into looking under the hood of the car and seeing what's really underneath there. You would be amazed at what you find under the hood.
And I've shown that on this very thread where I put up a long term chart that is showing one thing and then the number line is saying EXACTLY the opposite. The most recent example of this was the trade in US Steel. As TradeFighter pointed out, the long term chart looked like it was in a downtrend or at least in chop mode but the number line was YELLING screaming buy. And from the day I posted that we got a 40% move in less then two months. There was NOTHING on the daily or longer term chart that portended that move. It was all under the "hood".
You asked a good question. It's precisely why I put the work into the number lines and yeah, it's a lot of tedious work.