Well, it all adds up.
The ACD Method
- Thread starter sbrowne126
- Start date
Well, it all adds up.
Hi Maverick, if you don't mind my asking, do you use longer term pivots to assist in your trading? For example, would you calculate a monthly pivot to add an additional layer to you monthly A levels?
I found it interesting that in Fisher's book, he talks about significant longer time frames and in one place suggests picking an opening range that is statistically significant for the longer timeframe (i.e. first day of the month) but later suggests using a longer term pivot range as a substitute for the opening range. I wondered if he was trying to give a flavor for how the two could be used together or to make the point (that you have made numerous times on the thread) that there are many ways to establish an opening range and how one does it is not that relevant.
Any insight would be appreciated. Thanks very much.
I found it interesting that in Fisher's book, he talks about significant longer time frames and in one place suggests picking an opening range that is statistically significant for the longer timeframe (i.e. first day of the month) but later suggests using a longer term pivot range as a substitute for the opening range. I wondered if he was trying to give a flavor for how the two could be used together or to make the point (that you have made numerous times on the thread) that there are many ways to establish an opening range and how one does it is not that relevant.
Any insight would be appreciated. Thanks very much.
I have never used monthly pivots, but again, they might be very effective. You might find them easier to gauge price action. Again, like a broken record, you need to understand what a monthly pivot is telling you and how it differs from A levels that way you will understand the information that is being presented to you. If you simply write the code for it and put it on a chart as a straight line, you might as well trade blindfolded. So think about what a pivot is and information that is being given to you that is NOT being given to you via the A levels and see if that information has value for you.
Looks like we'll need one more look on CL.
My weekly A down is 93.23. Actual low was 93.20.
Heating oil also bounced off my weekly and monthly A down.
On a separate unrelated note.....we crossed 1 million page views today!!!!!!!
You bought too soon
It will fart around most of tomorrow (narrow range day) & then explode on 1/8 or even tomorrow afternoon (less likely) according to my research
It will fart around most of tomorrow (narrow range day) & then explode on 1/8 or even tomorrow afternoon (less likely) according to my research