Hi, maybe I haven't thought through enough.... If I want to develop a weekly "A" value, do I do this or calculate from a weekly bar or daily, what is my OR ? Thank headed off desk for a few be back!
All this has been discussed and it's in the archives. There was no single answer which is why it's good to go through the archives and read all the relevant info to gain a better understanding.
Thanks. I have read it more than once, I just find what people say interesting... almost like fact. So I want to investigate. I am always second guessing any "method" I use
Sorry, looked over this post. I wouldn't take a breakout trade on a Friday but entering on a failed entry...sure.
This is what I find fascinating. Why not on a Friday ? Just a opinion ( which is fine of course) or have you had enough data to run and make this statement that breakouts are not worth the risk reward on a Friday ? Would think that Friday's are great break outs when people get caught short ?
again, all of this has been discussed several times. literally, just about every question you could have about ACD and how the members of this thread trade it has been given reason and rhyme somewhere on this thread. I really think it would do you a lot of good to go through it and read it and take notes. I'm not trying to be a d-bag and blowing you off. go back and read the thread from the very beginning. the first 500 pages especially are gold.
I think a lot of it has to do with the fact that the weekend is such a heavy news cycle and you can get a lot of gaps in the opposite direction. Plus the beginning of the week is really probably the only true opening range we really have so taking a position ahead of a new opening range seems like a crap shoot. There is always exceptions of course but in general I would not recommend it. And yes, like Hoop said, it's all in the archives.
Searched far an wide! this guy never got answers thread went into a chart post about some market developments.... http://www.elitetrader.com/vb/showthread.php?p=3560844&highlight=calculating+weekly#post3560844 I think all anyone wants is the calculations , how you use them and money management techniques up to individual portfolio.... and not anyone responsibility but the trader back to the "book"