The ACD Method
- Thread starter sbrowne126
- Start date
Since kinggyppo is the current brass of the thread, I'd like to ask what the recommended OR's for NKD, 6E and 6J are? I know the OR can be discretionary along with almost every other aspect of ACD, but is there a suggested OR for these products?
This is an interesting question, these are futures that trade practically 24 hours a day. ACD theory is to use the domiciled/home market of the product. Nymex = New York so use the eastern time open. The opening range is a great way to get into a trade. In general terms if you are scalping you are gonna want a small OR, you may be playing for a few ticks on a large position. Fisher always trades hedged whenever I have seen him live, meaning spreads, long es/short bonds etc. Trading as long as he has he knows spreads very well. So maximize size, minimize risk. You can intuit that volatile products will bounce more and whip more than
low vol products. So for Nikkei its the evening here in US. I personally think the London open is important globally as it the center for a lot of currencies/trading. Somewhat inconvenient here in the states if you like to sleep.
To your question can't really answer in a one size fits all. It makes more sense to me to be active when vol is higher and it may be higher in the product. Es was really moving a few weeks ago. Oil is pretty interesting now but not something I like to trade. I like short time frames under 5-10 minutes for opening ranges as you can really get killed with a wide stop.
wide stop, less contracts, look to catch a swing. Euro got beat down pretty good lately its in counter trend and the moment. On a weekly chart its straight sideways. Anyone want to post their weekly A up on the euro?
Good job King.
Have a nice tripI'll be in Europe the next two weeks. So not sure how active I'll be. I left the keys to King to watch over the place. Don't get lazy on me and stop posting.
what countries are you visiting?Close enough. They might still go for the lows but this is as good as it was going to get I guess. Spot brent actually made it to new lows which was great to end the month.
Mav thanks so much for this post. It really hit home this time:
Today could be scored a -4 in WTI, Brent is most probably a -3. I will get stats on this but +/-3 days seem to have some steam left going into the next session so we may still have more of this move left.
I'll be in Europe the next two weeks. So not sure how active I'll be. I left the keys to King to watch over the place. Don't get lazy on me and stop posting.
Have a great trip!