The ACD Method

[Robert Yanks]

I am not really an ACDer but i watch this thread for posts from the "boss".
Maverick74 spoke of using a catalyst or event or news for an opening range.
Maybe it is a way of thinking that say, within a weekly structure of Opening range, A-up
And A-down, an eventful news catalyst occurs that leads to dramatic PA which can be
isolated as an opening range itself. Nested ranges?
Having this additional info why wait for an A-up in the original weekly range.
If price was near an A-down it might take days for price to traverse a range to the A-up
where you get long. Maybe unorthodox ACD but Maverick did mention this long ago.

06-04-11,

Let me add a few ideas here for you. You can slap an OR on any time period that brings volatility and volume into the market. Examples would be 9:00 central time economic reports, 1:15 pm central time fed meetings and I've found that the European close at 10:30 am central time has been useful for OR and also noon treasury auctions. So it is possible to have multiple opening ranges during the day, just not at the beginning of an hour.

 

[redbaron1981]

I am not really an ACDer but i watch this thread for posts from the "boss".
Maverick74 spoke of using a catalyst or event or news for an opening range.
Maybe it is a way of thinking that say, within a weekly structure of Opening range, A-up
And A-down, an eventful news catalyst occurs that leads to dramatic PA which can be
isolated as an opening range itself. Nested ranges?
Having this additional info why wait for an A-up in the original weekly range.
If price was near an A-down it might take days for price to traverse a range to the A-up
where you get long. Maybe unorthodox ACD but Maverick did mention this long ago.

Maverick spoke about using an OR that can perhaps be based on volatility or news events. What I am trying to do is to use the number line to score how an instrument responds to news that is applied to it. For example and this is way out there but if Yellen at the FOMC said that data is looking so good that we are going to raise rates at the next meeting we "should" see the dollar strengthen, however if the Dollar were to rally then end up making an A Down then this shows underlying weakness or "Good news bad action". This is more what maverick was talking about when he spoke of applying price action for all his trading decisions.

 

[redbaron1981]

Sorry RY

You beat me to the post. What I want to try and assemble is away of recording news impacts against instruments so that I can spot the signs of weakness and strength in relation to this. The A levels and OR can certainly be a component to this.

12/15/2011

No, I'm not referring to Al Brooks. Price action is about taking the price of a market and observing it's behaviour in relation to something else. Could be a news item, like jobless claims, or could be news in a stock or a sector or macro news in Europe. Price action is about all the players at the card table throwing their cards down and showing you what they are holding.

 

[redbaron1981]

A few FX pairs on the radar screen this week however we are in the last week of the month.


EURJPY: Confirmed negative 30 day on the 17th March but made a weekly A Down last week but have an A down on the monthlies.

EURCAD: Confirmed negative 30 day on the 12th March but made a weekly A up last week but have an A down on the monthlies.

GBPUSD: Confirmed negative 30 day on the 12th March but made a weekly A up last week but have an A down on the monthlies.

AUDJPY: Reset on the 4th.

CADJPY: Reset on the 12th.

GBPJPY: Reset on the 12th.

 

[redbaron1981]

Seeing as Robert Yanks never showed up for work here are a few ETF´s .

These are the ones on my radar as they have all reset and I am now waiting for 30 day confirmations.


XLP
UUP
SLX
SHY
OIH
JO

 

[justrading]

Yeah, I was going to ask Robert to weigh in on the ISEE. From memory it seems to have been stuck below 100 for the longest time, even when the indices were making new highs.

 

[koolaid]

is Mav still active on this thread? I haven't heard from him in a long while.

 

[trilogic]

is Mav still active on this thread? I haven't heard from him in a long while.

Win Loss ratio and taxes, small trading including ACD

So you feel the ACD method keeps you out of trades and into good one's cutting losses short and keeping winners? Who is making money using this "method" ?

Take a look at taxes and risk reward I.E. you make some money great, get ready to pay taxes, lose, you get a small write down about all- and what did it take to "earn" your "money" , so what is the real return risk adjusted, in the big picture when you think about trading small is it worth it?

 

[DT3]

What?

 

[OneFive]

Alright, let's get this over with.

Looks like thats a wrap. Thanks, Mav. I learned a lot.