Maybe Mav can get back to you on this... I think I know what your after. I found OR size ( I think you mean duration or time) is 45 minutes fro me.. I am not all that interested in real short term movements
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The ACD Method
- Thread starter sbrowne126
- Start date
Maybe Mav can get back to you on this... I think I know what your after. I found OR size ( I think you mean duration or time) is 45 minutes fro me.. I am not all that interested in real short term movements
I've read the advice given in the past on here to set your OR size and A values such that they complement your trading style (breakout or fading) and the logic of it makes sense to me. But that is for the levels you trade off. Is there any similar advice regarding the OR size and A values you use to construct your number line? I'm going back to the start of the year and calculating NL's for several instruments and am considering running the numbers on 2 or 3 diff OR sizes to see if one looks better than the others, so wondering if anyone had any tips.
The NL are used in conjunction with your daily A levels that you use for trading, you don't want to put yourself in a position where your getting conflicting signals by using different levels for your NL's. At least that's my take fwiw
I've read the advice given in the past on here to set your OR size and A values such that they complement your trading style (breakout or fading) and the logic of it makes sense to me. But that is for the levels you trade off. Is there any similar advice regarding the OR size and A values you use to construct your number line? I'm going back to the start of the year and calculating NL's for several instruments and am considering running the numbers on 2 or 3 diff OR sizes to see if one looks better than the others, so wondering if anyone had any tips.
A fair warning. One of the cardinal sins in data analysis is run different data sets and select the one that looks best. You want to formulate your theory FIRST. Then TEST that theory very much like the hypothesis testing you learned in school. Create a null and alternative hypothesis. Calculate your t-value. calculate your t-crit. Try to reject your null. If you cannot reject your null, then you have something. If you can, try again. Run another test. ALWAYS put theory first, not data.
One of my favorite data quotes is "if you torture your data enough, you can make it say anything".
Regarding all the number lines and all the A levels, let me say that the best way to learn about them is simply to jump into the pool in the deep end and start swimming. It took me a long time to understand how all the moving parts interacted with each other. Be weary of getting involved with this and seeing numbers and thinking you know what they mean. Once you start making trades you will quickly learn how all this works. It's very hard to come in cold and say oh the 30 day is this and the 5 day is that and the monthly A level is here so it's a good trade. After you score 100's of days of data and looked at hundreds of weekly and monthly levels you will start to understand.
And yes, I'll repeat this again, my number lines should mean nothing to you and yours should mean nothing to me. You have to "build a relationship" with your data. And that relationship needs time to get intimate. But give it some patience. I promise you, it will pay off. You'll start to see stuff in this market that no one on ET is talking about. Big, big juicy opportunities and you will have it all to yourself. And the payoff will be huge. It just takes time. Patience and time.
Great post Coach!
Besides expanding the Chapter on Number Lines from the underground ebook Mav the Mentor, I see that's it's also cross referenced and placed in the Best Half Time Speeches chapter.
If this doesn't "juice" ACD newbs like me, nothing will.
All 11 of my sectors had a number line of 2 today, and that's rare: IYR, IYZ, XLB, XLE, XLF, XLI, XLK, XLP, XLU, XLV, XLY. (I just typed those symbols in off the top of my head. Before I started keeping number lines I not only couldn't do that I didn't track sectors. I also look at the best and worst performing stocks in those sectors and never did that before. What a debt I owe to Master Mav.)
IYR closed today at 70.48 and if it gets a 2 tomorrow it will confirm all three of my number lines. It also confirmed all numbers on 4/22 and continued well for the rest of the month. It appears due for a rest but you know what they say about "Obvious". My monthly A Up is 71.19 and my Qtr A Up is 70.14
IYR closed today at 70.48 and if it gets a 2 tomorrow it will confirm all three of my number lines. It also confirmed all numbers on 4/22 and continued well for the rest of the month. It appears due for a rest but you know what they say about "Obvious". My monthly A Up is 71.19 and my Qtr A Up is 70.14
All 11 of my sectors had a number line of 2 today, and that's rare: IYR, IYZ, XLB, XLE, XLF, XLI, XLK, XLP, XLU, XLV, XLY. (I just typed those symbols in off the top of my head. Before I started keeping number lines I not only couldn't do that I didn't track sectors. I also look at the best and worst performing stocks in those sectors and never did that before. What a debt I owe to Master Mav.)
IYR closed today at 70.48 and if it gets a 2 tomorrow it will confirm all three of my number lines. It also confirmed all numbers on 4/22 and continued well for the rest of the month. It appears due for a rest but you know what they say about "Obvious". My monthly A Up is 71.19 and my Qtr A Up is 70.14
how long does it take each day/evening to set number lines by finding A' values etc