The ACD Method

Discussion in 'Technical Analysis' started by sbrowne126, Jul 16, 2009.

  1. Cool. Thanks
     
    #9321     Nov 23, 2014
  2. Good insight Boss. Thanks.
     
    #9322     Nov 23, 2014
  3. keithx

    keithx

    Heyall, I am busy working out my own way of implementing the ACD. I've been doing a lot of looking back to see how it performs and it has already helped me a lot with my DAX trading, using it for bias. I just have a question about OR. Now i know there are no hard and fast rules around the opening range, and consistency is more important than the time you pick.

    But i found worse results when moved to the official London open, there is an hour before London open when you can trade DAX but the volume is lighter. Would a time period in this hour between 07:00-08:00 GMT be considered opening price discovery period or would it be more sensible to consider the first period from when London opens.....

    Just some thoughts please? I know there is no "correct" answer. I am slowly developing my own strategy around this but i want to make a final decision around this starting time.
     
    #9323     Nov 26, 2014
  4. Maverick74

    Maverick74

    Go with the London open.
     
    #9324     Nov 27, 2014
  5. keithx

    keithx

    Thanks Maverick! I'm making my way through the thread this week, there's a lot. But you've suggested a lot of extremely useful ideas already for using the ACD in the first 20 pages.
     
    #9325     Nov 27, 2014
  6. Maverick74

    Maverick74

    #9326     Nov 27, 2014
  7. #9327     Nov 27, 2014
  8. Mav can you comment on how the US refiners will do in this environment when you get a minute, thanks
     
    #9328     Nov 27, 2014
  9. Maverick74

    Maverick74

    The cracks are holding up OK. The heating oil crack is faring better then rbob. The refinery margins are still very robust. Especially considering that most of the gulf is refining heavy oil that is trading at a $15 discount to WTI.
     
    #9329     Nov 27, 2014
    kinggyppo likes this.
  10. DT3

    DT3