The ACD Method

thank you, MFbreakout... Was interested this a long time ago... Kind of gave up on the idea... But, recently found this forum... Is very nice...

 

Why i stay clear of ES etc.. since ACD is my trading method. Oil baby Oil.

 

ES had a perfect failed A up to the tick and traded straight to the A down 10 handles to the tick. That is a great trade. I think ACD trades perfectly with ES, but again, you have to modify your A levels and opening range to reflect the product you are trading.

 

Would like to learn about volume profile with ES ? Where do I begin ?

Thanks

 

Interesting. It is kinda relative, but I also had a failed a up that ran to the a down. Failed there too, (you could get long - I'm not, but you could give it another shot). I think all the things I look at seem to work well for ACD that I've noticed anyway.

just gotta use those STOPS

 

15 minutes OR starting 9.30. I like CL 200 ticks moves even on slowest days like last week when volume was like 130,000 cars/day.

Also, once a trader get used to pace of CL it is tough to adjust to ES pace. I rely heavily on volume bars and ES volume bars are tough to gauge as it is a very THICK and heavily traded instrument.

250, 000 cars for cl and 1.3 million for es on average. I can identify volume bars better with CL.

And when the risk trade is ON, i want to trade instrument which i trade every trade as trading opportunities every where ES, TF, GC, CL etc.. My skill sets only allows me to FOCUS on one instrument at a time. CL hit 102.80 around 10.30 am and one need lot of FOCUS to trade since then - long or short.

 

One can not be a good trader with different and opposing trading methods. Decide on your method.

For Volume profile , read Jim Dalton books and you can watch futurestrader71.com webinars.

I am sure there are active forum within elite trader. Hit search function.

 

Yeah but how many lots are you trading of CL at a time. For every one lot of CL, you can trade 5 ES. So that you get the same 200 tick moves in ES as CL. Trust me, over the years I have done all the math on this stuff. It's all the same.

 

Long QQQ @ 56.90, STP 56.85, 1st target 57.20

 

Maverick,

I consider myself more skilled trading FX compared to trading ES. Its clear that I am better-off trading only FX and I should stop trading ES. However, I have persisted till now thinking that I am not profitable trading ES because its an equity index and it has different kind of movements compared to 6E. And with more screen time and experience I will be able to trade ES also profitably. My reasoning is if I become successful in developing a methodology for trading ES, then it will add diversification to my equity curve.

But for last 4 months, I have made money every month trading FX and lost money every month trading ES. So, now I am thinking if I should continue trading ES or just stop trading it and only concentrate on trading FX. What is your opinion please.