.................................................................. Zenster is getting his ass, dick and the latest up leg chewed off....... the bull mincer is a pussy boy. his first real time trade call in the thread. congrats. a " head up your ass " Zen trade. long and wrong, with no stop... ................................................... oil inventory gap closed , back to the moneyline and the re puke......... cheers, s
CL daily chart. So, I will be shorting bounces till CL closes above key levels. As day traders we get to trade both from long side and short side. I just feel more confident to short with more size vs longs till facts change. Long 97.22 target yesterday low of 97.86. daily support 97.39-97.26
I am pure day trader. No overnight position thinking CL will go to 98.50 etc.. So flat 9752. I like to trade CL fresh everyday with a CLEAN SHEET.
Hi, I always wondered about acd : - what time do you use for your opening range? - and what value do you use for A plus/down, and Cdown/plus if these are all different. Any idea how to determine these values?
I use 45 minutes OR. Traders who like to fade moves use wide OR like me. Pure breakout traders use smaller OR like 5 minutes, 10 minutes etc.. Key is to pick one time frame and stick with it. A value= 8 ticks, C value=13 ticks. There is nothing magic about A and C values. Smaller values are OK for wide OR. For small time frames like 5 minutes one has to use more than 8 ticks. I have no idea what that is as it depends on each trader style. Calculation of A and C values is done via 20 days ATR of instrument and then some multiplier to accommodate for VOLATILITY. I just use what Mark firms recommends as a guideline. There are many traders who just calculate their own A and C values. I am attaching A and C values sheet which shows recommended OR and values.
Thanks for the ACD sheet. And I agree about needing a multiplier for volatility, whichever market you choose. For example the canned 3.5 number for ES has been working well in January, but try it in Aug/Sep 2011 and results will be different. --------- Shopster chart...