What happened to CL, RBOB, HO...after hours: http://www.cmegroup.com/popup/mdq2....y_2014_Light_Sweet_Crude_Oil&type=p#link=5min http://www.cmegroup.com/popup/mdq2....=February_2014_RBOB_Gasoline&type=p#link=5min http://www.cmegroup.com/popup/mdq2....2014_NY_Harbor_ULSD&type=p#period=V;link=5min CL time & sales: http://www.cmegroup.com/trading/ene...et-crude_quotes_timeSales_globex_futures.html Seemed to have shot up over 1% in the last 5 min ? Is it real or some error?
I have no idea what you are looking at. When you say after hours are you referring to after the pit close or after 3pm central time? I see they both rallied off their lows a little but not 1%. What are the last traded prices you see?
Charts didnt show up in links See attachment CL chart. Last bar on far right shows spike to 95.44 CL Time & Sales: http://www.cmegroup.com/trading/ene...et-crude_quotes_timeSales_globex_futures.html In "Time Period" dropdown menu, select time period of your choice. T & S shows consistent trades over time not just 1 or 2 - not massive but decent size & volume Similar price spikes on RBOB, HO as well A bad trade confined to CL maybe...but what are chances of bad trades for all 3...
Actually it looks like the closing price on the spike bar corresponds to the previous days close Error
Mav, you have said this many times before in this thread, but it bears repeating for those new to ACD who have not read it. What is really important is to understand your own number lines and your own levels. Simply put, since there is no standard OR and A level, we will all end up with different number lines. You might use a 20 minute OR, I might use 30. You might use a fixed value for A, mine changes every day with volatility. End result, you might score an A Up where I score 0 and over time we get 30 day number line confirmations at different times. What is important is what you can gather from all the ACD information that gives you timely entries and helps with trade management. I tested a variety of indicators when I first started trading, MACD-H worked best for me. Until today I still have this on my charts, and as an ongoing thing use it to cross check the timeliness of my ACD entries. But ACD with the number lines and levels gives me a lot more info than MACD-H does. One thing I found over the years is the less I trade the more money I make. Of course there is a minimum, but the lesson is over trading hurts you more than anything. Using ACD and having the patience of a fisherman helps.
And to underscore this point even more, I find it amusing that so many traders are so consumed with commission costs yet lose 10 times their commissions with over trading and losing money on trades they should not be taking. The churn IS the commish.