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The ACD Method
- Thread starter sbrowne126
- Start date
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.
A good opening range for currencies is the London open (2:00-2:30 AM CT). That's when the volume in currency futures picks up.
Thanks! i will work up my charts using that OR. Have a great trading week ahead.A good opening range for currencies is the London open (2:00-2:30 AM CT). That's when the volume in currency futures picks up.
I can see that the volume does pick up at that time, so using a 30 minute OR (2-2:30), you still validate the A up or down with a move that is 15 minutes or half the time of the OR?
Currency futures cease to trade at 16:00 CT (and resume at 17:00 CT with lower volume). 16:00 can be considered as the "end of day" and I consider 02:00-16:00 CT as the "regular trading hours" for currencies for ACD purposes. That's a pretty lengthy trading day and thus it has a pretty lengthy OR of 30 mins. I use 5-10 min ORs for other markets as their "regular trading hours" are much shorter than for currencies.
As for A confirmations, I use a more restrictive rule: price must spend full OR period above/below A up/down level for it to be confirmed. I find that even with this more selective rule I get A up or A down confirmed on 67% of the days (basically 2/3rds). With Mark Fisher's more liberal confirmation rule I would probably get A ups and downs almost every day (my A levels are not very far from OR) and I believe something that happens less often is more significant.
Great info, I am going to test this to see if I can extend my trading to currencies. FYI, Nice A up this morning on CL. It gave the opportunity to enter with a pullback and then made a nice move to 68.50 (almost) with decent volume bars behind it. I use a 15 day as well as 30 day number line which both showed a neutral market looking for direction. The 14,30,50 day trend lines were also confused. Will be interesting to see if this holds of if CL moves back to 68 or below as it has done the past few days. Good luck everyone!
There are bunch of posts in this forum on ACD and currencies. A search using" currencies opening range should return a fair amount of results.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.
Thank you. Glad I was able to find this forum. Been trading ACD for a while. Have a great trading week ahead.There are bunch of posts in this forum on ACD and currencies. A search using" currencies opening range should return a fair amount of results.
Great info, I am going to test this to see if I can extend my trading to currencies. FYI, Nice A up this morning on CL. It gave the opportunity to enter with a pullback and then made a nice move to 68.50 (almost) with decent volume bars behind it. I use a 15 day as well as 30 day number line which both showed a neutral market looking for direction. The 14,30,50 day trend lines were also confused. Will be interesting to see if this holds of if CL moves back to 68 or below as it has done the past few days. Good luck everyone!
For me CL bounced off the A up (68.48) almost to the tick (68.49) and made A down later in the day, making it a -3 day.
As for the macro view, CL was not particularly interesting yesterday as it's September numberline was at -4 (two A downs), but the monthly A down was not confirmed yet (still isn't).
However today the numberline has reached -7 which makes it an interesting item to watch now.
I wouldn't buy CL also because it has confirmed a long term down trend on 30 day numberline. It was at -8 yesterday and -10 on Friday, having dropped from 0 since 31/08.
But all this may not be relevant to you as I am not a day trader. My timeframe is multiple days, weeks or even months (the longer the better).