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The ACD Method
- Thread starter sbrowne126
- Start date
Funny Mav I didn't even read your last post till after. Anyway copper breaking down here again.
China..China...China.
Dr. Copper.
Long-term breakout? The short side breakouts don't work particularly well in commodities.
Here's my numberline values for this month (reset at the beginning of each month). Copper is the least interesting market out of all that I'm following:
DX 10
ZB 6
D6 6
M6 5
ZS 3
ES 2
NG 2
GF 2
S6 1
J6 1
HG 0 <---
ZC -1
ZW -1
KC -3
LE -4
CC -4
CL -4
SB -4
E6 -5
A6 -5
OJ -5
SI -5
N6 -6
GC -7
CT -9
B6 -11
Hey everyone,
I am interested in swing trading stocks / ETFs, and applying the concepts of ACD and NL. After reading some of Maverick74 and everyone's contribution in this thread.
I am a bit lost in terms of how to go about finding tradable vehicles (stocks) that are 'sleeper's without a lot of noise, and overtly choppy leveraging concepts like 5NL, 30NL, and other technical filters to scan for stocks.
1) Would the idea of apply NL, Relative Strength Indicators to Sector / Industry Indexes (or ETFs representative of the Indexes) to monitor and further drill down to find tradable vehicles within those Sector / Industry be something worthy to explore?
Or, other ways to categorize - Market Cap, High Dividend performers, Asset Type, Volume / Interest
2) Any recommendation on using linear regression or other indicators to find 'smoothness' in instruments?
3) I would be just starting out, would it be recommend to just practice learning how to trade with high volume ETFs before diving into finding opportunities
Any recommendations (sites, books, method, approach) on how to go about this?
Thank you in advance.
I am interested in swing trading stocks / ETFs, and applying the concepts of ACD and NL. After reading some of Maverick74 and everyone's contribution in this thread.
I am a bit lost in terms of how to go about finding tradable vehicles (stocks) that are 'sleeper's without a lot of noise, and overtly choppy leveraging concepts like 5NL, 30NL, and other technical filters to scan for stocks.
1) Would the idea of apply NL, Relative Strength Indicators to Sector / Industry Indexes (or ETFs representative of the Indexes) to monitor and further drill down to find tradable vehicles within those Sector / Industry be something worthy to explore?
Or, other ways to categorize - Market Cap, High Dividend performers, Asset Type, Volume / Interest
2) Any recommendation on using linear regression or other indicators to find 'smoothness' in instruments?
3) I would be just starting out, would it be recommend to just practice learning how to trade with high volume ETFs before diving into finding opportunities
Any recommendations (sites, books, method, approach) on how to go about this?
Thank you in advance.
I am a bit lost in terms of how to go about finding tradable vehicles (stocks) that are 'sleeper's without a lot of noise, and overtly choppy leveraging concepts like 5NL, 30NL, and other technical filters to scan for stocks.
I'm only starting to use this ACD methodology now, so take it with a grain of salt. (I've only been doing automatic long-term trend trading for a prolonged time)
I think the simplest concept is to look for stuff that is confirming a numberline, but it doesn't look like it has moved yet on the OHLC chart.
Another one is the concept of rarity. E.g. it is making a good monthly A up for the first time in a long time.
Hi Mav, you've mentioned a couple of time in various posts that when it comes to stocks that midcaps are the place to be. Why is that as opposed to large or small caps? Are large caps so big that they're perfectly priced and small caps so small that they're subject to manipulation? ThanksIf I was going to make my living solely from daytrading, I would automate. One of my partners did it using Python but R would work as well. The other alternative is to manually score a basket of say 50 diverse names that nobody watches (i.e. midcap names) with modest volume.
Hi All, New to this thread. I trade the ACD system with slight variations. Trading mostly energy, Lean Hogs, Live Cattle, Indexes, Gold. I have not yet traded currencies because I am having a tough time finding an opening range that works well. Wanting to take a look at EUR, JPY, GBP any thoughts on opening ranges (time of day and duration) to use that works nicely with ACD? I live on east coast, USA. Looking forward to chatting with you all. OSO.
Funny Mav I didn't even read your last post till after. Anyway copper breaking down here again.
Looks like HG is becoming interesting now.
It has reached -7 for the monthly NL with 4 A down confirmations. My record for this month:
2018-09-03 -2 A down
2018-09-04 0 A down
2018-09-05 0
2018-09-06 -2 A down
2018-09-07 -3 A down
It has made weekly A down on 04/09 (at 2.6368).
5 day rolling NL is -7
30 day rolling NL is -4 (dropping from 0 since 03/09)
However it has not made the monthly A down yet (at 2.5790). In fact, it bounced off of it (December contract monthly low at 2.58 vs A down at 2.5790). Also, I don't particularly like the fact that it has made A down in the last 3 months.
Maybe next week we'll be more lucky with HG.