LOL I just didn't want to overburden this thread with information I'm not 100% clear about. This is the best thread on ET hands down
AAPL starting to rip. at my weekly A up level for the 3rd time with confirmed monthly yesterday and breaking hourly wedge now. watching it around the weekly A up level
My post from March 11th. AAPL hit the upside target this week and it's acting very well in this jittery market. It's still working off the negative values on the 30 day. And of course it failed at the monthly.
My monthly values must be way off. I have an opening range as of 03/01/13 438.18 as the opening range top and an A value of $12.45 (monthly ATR of $62 x 20%) which would give me my Monthly A Up around 450.65. I know you said A values can all be different, but $7 seems a little more then normal. I've outlined how I calculated my A value, does it seem ok to you or am I missing a critical piece? Are you using an ATR of $95? Or are you using a larger % move on higher timeframes?
Still playing around with ACD and stock trades. I came across AMZN and found a few things interesting. Currently I'm rolling my numberlines, I do not restart them each month, I run a 30/20/10/5 number lines, I do it in excel so its not that bad to add and subtract. Also I am just starting these since Feb 1st, so my 30 day data isn't there, that's mainly why I started a 20, maybe when I feel like I have a sufficient number of 30 days I will drop the 20. Around 03/05 - 03/ 11, AMZN had a small bullflag on the daily chart, and the 20 day numberline was showing strength (+9, +7, +9, +8, +7). However using the same dates on a 5 day number line you have (+8,+6,+6,+4,+1), possibly showing a lack of short term momentum, and it closed on the 'breakout' day at a +6 (20 day), but a -1 (5 day) I have a confirmed monthly A Up right around those levels of 272.10, today we put in a monthly C Down. I'm not sure if this is correct in saying the fact the number line was so weak around the monthly A Up level that a trade back through the opening range low of 261.05 for the month would have triggered a short trade with a target of the C down which was met with today. Or if you saw the confirmed monthly A up, but a weakening 5 day numberline you might have passed on the trade in general or waited for the numberline to regain some strength. Again I'm really new to using ACD on a bigger picture, and really new to using a numberline so maybe I'm way off. That is just what I saw and wanted to see what others thought.
OK, as a reminder, each number line has to serve a purpose. Whether or not you re-set it depends on if you are matching your number lines to A levels. And be careful about using so many different lines. You are going to have paralysis by analysis. But you should experiment with them and see what you like.