The ACD Method

ammo · Jan 23, 2014

was 13 a quarter or weekly a down in es

Maverick74 · Jan 23, 2014

ammo said:
was 13 a quarter or weekly a down in es

My weekly A down was 1825.

ammo · Jan 23, 2014

thanks.....

kinggyppo · Jan 23, 2014

Nikkei down 3% today watch those longs.

oftrader · Jan 23, 2014

Maverick74 said:
Well, there is no "right". It's about helping you see the market more clearly and finding patterns. Once you understand how all the tools work and see how they interact with each other it's like going to eye doctor and finding out you need glasses and once you put them on, the entire world becomes clear for the first time.

Very well put. Thanks.

Maverick74 · Jan 23, 2014

kinggyppo said:
Nikkei down 3% today watch those longs.

King, they crushed vol today. There is just no push in this market. At some point it will crack but I wouldn't be surprised if we saw new highs in a few weeks. Nobody is buying vol.

ammo · Jan 23, 2014

http://www.forexfactory.com/calendar.php?day=jan29.2014
fomc next week and yellin moves in on friday the 31st

oftrader · Jan 23, 2014

kinggyppo said:
my guess would be that he is talking about products that are primarily pit traded like the commodities, almost everything is part of globex now including the es obviously. In that context the true opening range would be the "pit" open and close which is 930 am eastern to 4 pm eastern time. Maybe Sir Maverick has some color on this. Fisher does go out of his way to state that the opening range should be derived from the native time. ie gold is traded on the east coast so you should use their time.

Maverick74 said:
Correct, true opening ranges are products that are actually "opening"for trade, not continuous. Pretty much everything now is continuous.

Thank you.

justrading · Jan 23, 2014

ISEE below 100 for the first time in ages, but still coming in at 98.

Not too many bears out there.

oftrader · Jan 23, 2014

trader31 said:
Maverick, when you said "hit the ATR" is that the ATR from the open of the day (or other trading period), the ATR from the top or bottom of the opening range (i.e. if a confirmed A is 20% of the ATR, it moves the remaining 80%) or a full ATR above or below the confirmed A? Many thanks.

Here's how I have understood it and seen some really good results. This is for futures only.

I calculate the previous 10, 20 and 30 days average daily range (24 hour session). Then I take the min and max of those 3 values and discard the middle one. Then for the current day, add those 2 values to the current price to get the ADR high limit and subtract from the current price to get the ADR low limit for the day. As price makes new intraday highs/lows, the "ADR limits", as I call them, move closer to each other. When we have a confirmed A, the ADR limit almost always gets hit.

See attached chart for today's CL action. Just happened to be a confirmed intraday A up in CL today.

Hope this helps: