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Maverick74
Registered: Mar 2002
Posts: 17337 |
05-11-11 07:49 PM
Quote from MrFuture:
Oh wait a sec, by TOS you mean Think Or Swim ? 'Cause that's what I mainly use for stocks...is that one of the existing indicators, or you built it ? When I look under ATR I do not see anything other than the usual ATR line at the bottom....Thanks !
A friend of mine built it for both TOS and TS. I can't build shit. LOL.
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jo0477
Registered: Aug 2010
Posts: 220 |
05-11-11 09:06 PM
Quote from Maverick74:
I've got an indicator on TOS that shades the ATR range and as the market makes new highs or lows the shaded area adjusts so you can see exactly where the ATR is on both the upside and the downside. Very nice visual.
Sounds pretty slick, anybody know of something similar for NT?
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jsmooth
Registered: Apr 2005
Posts: 458 |
05-12-11 02:11 AM
Here is a PDF of some of the spreadsheets i use each day to get my levels for the ACD to trade...when it comes to the ES and SPY i have a few of them that i'll look at, and for currencys and energies its basically the same but with some added values showing the Asia/London OR and those PP (but that gives you a good idea)..stocks i keep it simple...ATR(30) x .25 = Aup value; C is around ATR(30)x.05; Also with SPY and ES i like to note the 7:30am price OR (if a number comes out)....In my opion the OR for spooz should be 7:30ct.
Commodities....basically the same thing, but i'll again use two OR's, Pit/Options Open 7:15 open and 8:30 open...
the MAIN thing i watch is the days OR in relation to the Week and Month OR....i'll be a buyer right out the open if the days OR is above the Week, Month, YR....i just buy it with a stop under the day OR with a hope of a trend day in that direction....and i'lll use the WK, MN, YR OR as price targets for other moves)....As for Cup/downs....i'll just use the opening print price with buy/sell stop limit orders...if the trade doesnt work right away on those, your seeing one of those mkt profiles that sees a few ticks of range expansion then back to a normal dist...GREAT trade to flip your position.
Mav, If you use ACD to trade stocks, IMO, Liquidity plays a HUGE facture if you trade size....ACD got me short at the absolute high on TZOO 1-2 weeks ago, i SS 2k shares, but the huge BxA spread on just random noise got me out before the single day 10pt drop (within a few mintues)...IMO ACD works best in mkts that are purely supply and demand driven, commodity/FX futures...(you can really capitilize on the ppl that are on the wrong side of the mkt)...
 acdtradingmethod.pdf
This has been downloaded 362 time(s).
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Maverick74
Registered: Mar 2002
Posts: 17337 |
05-12-11 02:56 AM
Quote from jsmooth:
Here is a PDF of some of the spreadsheets i use each day to get my levels for the ACD to trade...when it comes to the ES and SPY i have a few of them that i'll look at, and for currencys and energies its basically the same but with some added values showing the Asia/London OR and those PP (but that gives you a good idea)..stocks i keep it simple...ATR(30) x .25 = Aup value; C is around ATR(30)x.05; Also with SPY and ES i like to note the 7:30am price OR (if a number comes out)....In my opion the OR for spooz should be 7:30ct.
Commodities....basically the same thing, but i'll again use two OR's, Pit/Options Open 7:15 open and 8:30 open...
the MAIN thing i watch is the days OR in relation to the Week and Month OR....i'll be a buyer right out the open if the days OR is above the Week, Month, YR....i just buy it with a stop under the day OR with a hope of a trend day in that direction....and i'lll use the WK, MN, YR OR as price targets for other moves)....As for Cup/downs....i'll just use the opening print price with buy/sell stop limit orders...if the trade doesnt work right away on those, your seeing one of those mkt profiles that sees a few ticks of range expansion then back to a normal dist...GREAT trade to flip your position.
Mav, If you use ACD to trade stocks, IMO, Liquidity plays a HUGE facture if you trade size....ACD got me short at the absolute high on TZOO 1-2 weeks ago, i SS 2k shares, but the huge BxA spread on just random noise got me out before the single day 10pt drop (within a few mintues)...IMO ACD works best in mkts that are purely supply and demand driven, commodity/FX futures...(you can really capitilize on the ppl that are on the wrong side of the mkt)...
It's always interesting to see how other people use ACD. I use it very differently then you. But again, I made it fit with my personality. It's cool to see how others set up there spreadsheets. I absolutely agree that supply and demand driven markets are where this shines, especially intra-day. Thanks for posting that!
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MrFuture
Registered: Oct 2010
Posts: 16 |
05-12-11 06:53 PM
I gotta say I agree with Maverick....the real strenght of the system is that it forces you to be disciplined....losses will come, but if you follow the main idea, you'll see that the winners in the long run will crush the losers.
I am also making changes to it that accomodate my trading, but in the end the main idea of respecting important levels remains.
I am impressed.
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