The ACD Method

Discussion in 'Technical Analysis' started by sbrowne126, Jul 16, 2009.

  1. partha

    partha

    koolaid - USD/JPY - not confirming for me - but I think my currency lines are a bit off. Anyone see CL testing near Quarterly lines ? That is confirmed bearish and did a monthly ADown ... (my lines for what they are worth).
     
    #8821     Jul 10, 2014
  2. partha

    partha

    Mav,

    I am using a midnight - (London open) for OR and 60 minutes .. and I dont think I am capturing the action correctly - it moves around a lot during a 24 hr session. Maybe my OR is too large or set at the wrong open.
     
    #8822     Jul 10, 2014
  3. Maverick74

    Maverick74

    Oil confirmed for me. It never was able to generate a positive number line on the rally up to 107. Good sign it was going to fail.
     
    #8823     Jul 10, 2014
  4. partha

    partha

    Mav,
    To elaborate - on USD/JPY - I have a 5 day of -3 and and a 30Day of -4 . Nowhere near a confirm for me. Also - its weekly ADown for me ... so I dont see what you are seeing .. hence my "not working" statement -
     
    #8824     Jul 10, 2014
  5. Maverick74

    Maverick74

    Number lines show price action. They also are slow and tend to show potential moves. They are NOT buy signals. I trade currencies very differently then I would trade say AAPL. Currencies don't double in a month like stocks do. A big move in USD/JPY could be from this level to 104. That's it. So if I get long at 103.75 when it's on fire, I'm probably the last guy on the train. So with currencies I tend to like 30 day confirms on pairs that have not yet moved. If my stop is tight, and for me it's the monthly A down, it's a nice risk/reward. You cannot buy currencies when they look good. They just don't move like that. AAPL on the other hand, I'll get long after it moves 30% in a week. I'll pay the high tick. This falls under the thing I've been saying on here for a long time, you have to trade every product differently.
     
    #8825     Jul 10, 2014
  6. partha

    partha

    Mav,
    I am not using the NLs for entry - a you have pointed out before. I admit I have not traded currency - but am trying to build NLs for currency and follow along ... so I can get comfortable with the product enough to trade it. I have primarily only traded stocks and to a much lesser extent a couple commodities (occasionally) using ACD.

    I stared at my 30NL on USD/JPY and cannot find a confirmation (+9 on 30NL). In fact I am so far off - that either my levels are way off (possible) or my OR is in the wrong spot.
    In the early stages of doing the stock NLs - this took some time to jell out. I guess I have to do more experiments to get a handle on currencies.
    Thanks for the information, it took a while for the stock stuff to shake out .. I expect this will take more effort too ..
     
    #8826     Jul 11, 2014
  7. koolaid

    koolaid

    Are you guys using the london open for OR?
     
    #8827     Jul 11, 2014
  8. Maverick74

    Maverick74

    I use the London OR.
     
    #8828     Jul 11, 2014
  9. Partha,

    London open is currently at 3:00 am ET. Not sure why you are using midnight.
     
    #8829     Jul 11, 2014
  10. partha

    partha

    just .. habitual speak ... I am on the West coast ... I should have stated in EST or GMT ..
     
    #8830     Jul 11, 2014