ACD Method on GBP/JPY One trade a day | Page 5 | Forex Factory

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ACD Method on GBP/JPY One trade a day

  • #81
  • Dec 27, 2007 1:46am Dec 27, 2007 1:46am
Quoting natejax
This looks like a very intuitive system and I especially like the precision and simplicity of the signals. i might have to pick up yet another trading book. I am planning to give this a shot in the coming week. I saw that Fisher has USDCAD start range listed as 8:20 EST which made me optimistic that i would not have to wake up at weird hours, but my charts showed that most of the movement occured earlier, as with other currencies... but this system looks like a winner to me. thanks for sharing this, as well as the hours you came up with and the A values.
Hi

No problem at all.
Hope it works for you on usd/cad.
I never traded that before.
The fact that they call it the loonie scares me. lol

About the C value.
I did say the C value was 56.
But I think I made a mistake with this.
56 is actually what fisher has in the book for gbp/usd.
I think It actully should be 64. (twice the A value)
As the A value for g/u is half of 56 which is 28.

So Yes I would recommend you use 64. for the C values
(twice the A values which are 32)
The more I wait the more I make
  • #82
  • Dec 27, 2007 1:54am Dec 27, 2007 1:54am
Quoting smjones
Thanks for the answers. Looks like you are having great success with the method. Congrats. One last question; because you said you are only placing one trade a day, does that mean you are not doing the "C" trade, when it becomes available?
Thanks.

The one trade a day rule will go out the window straight away if I see a C trade.

The only problem Is weather I will be at home near my computer to be able to put the trade on.

Maybe I should sign up for some kind of phone alert and put these trades on by phone.

I am always there in the morning from 7:00 to 10:00 gmt but I also have two highstreet businesses that I own which need my attention also.
The more I wait the more I make
  • #83
  • Dec 27, 2007 2:01am Dec 27, 2007 2:01am
Wasn't going to trade today but I woke up and couldn't go back to sleep.

Looks like we might have some movement today despite being a thin trading day.
There was a nice little failed a up an hour before I got up I see.

Lets See what the gods wil bring us today......
The more I wait the more I make
  • #84
  • Dec 27, 2007 3:35am Dec 27, 2007 3:35am
Just went long at 227.41

Stop 226.68

If this trade is still open by london close at 17:00 gmt I will consider closing
it then If it looks like a good idea.

If not I'll let it go till US close.
The more I wait the more I make
  • #85
  • Dec 27, 2007 3:37am Dec 27, 2007 3:37am
i am watching it now and was going to wait for the 15min candle to close. i guess you go straight off of minutes, which is probably more in line with system rules. do you watch a 1-minute chart? also, how do you determine SL? i thought fisher had advocated setting under the low A, but maybe i misread
  • #86
  • Dec 27, 2007 3:43am Dec 27, 2007 3:43am
Just went long on gbp/usd at 1.9908
Stop 1.9848
The more I wait the more I make
  • #87
  • Dec 27, 2007 3:49am Dec 27, 2007 3:49am
Quoting natejax
i am watching it now and was going to wait for the 15min candle to close. i guess you go straight off of minutes, which is probably more in line with system rules. do you watch a 1-minute chart? also, how do you determine SL? i thought fisher had advocated setting under the low A, but maybe i misread
I dont use a minutes chart but I do keep an eye on the time
when It crosses over for the first time then I get in after 15 minutes as long as price looks steady and not too jumpy.

You put your stops just on the other side of the opening range.
The more I wait the more I make
  • #88
  • Dec 27, 2007 12:05pm Dec 27, 2007 12:05pm
So after being up 100 pips on gbp/jpy at one stage its all gone now.
That damb terrorist in Packistan.

Loss of -73 pips...ouch!!!!

However, I just closed out my g/u trade from 1.9908 at 1.9950

for a +42 pip gain. It seems to be having trouble going higher so I decided to close it.

So Its a loss for today of -21 pips which isn't the end of the world.
The more I wait the more I make
  • #89
  • Edited 12:36pm Dec 27, 2007 12:23pm | Edited 12:36pm
not bad.. maybe i will start watching GU also. i closed out the GJ a little earlier (-50 pips) when it looked like the trade was not going anywhere worthwhile by london close.

this week is a tough week overall to trade, IMO, and i probably would not be taking any trades at all if i was trading real money, until the new year. i wanted to get started though so i could build up the routine/discipline of getting up to take these trades. hoping to demo this system for a couple weeks and then will gradually transition to small $$$ as i gain a feel for it.
  • #90
  • Dec 27, 2007 12:39pm Dec 27, 2007 12:39pm
Quoting donagh_1
So after being up 100 pips on gbp/jpy at one stage its all gone now.
That damb terrorist in Packistan.

Loss of -73 pips...ouch!!!!

However, I just closed out my g/u trade from 1.9908 at 1.9950

for a +42 pip gain. It seems to be having trouble going higher so I decided to close it.

So Its a loss for today of -21 pips which isn't the end of the world.
Same here..closed GBPJPY at -25 pips.

8:30am USD http://www.forexfactory.com/images/m...mpact_high.gif Core Durable Goods Orders m/m -0.7%

The drop could be the result of terrorist attack and this news too as USDJPY dropped 109 pips.
  • #91
  • Edited 9:37pm Dec 27, 2007 9:17pm | Edited 9:37pm
Opening Range: 226.24 - 226.88 [9:00 - 9:30PM]
Pivot Range: 227.45 - 227.19

A-Up: 227.20
A-Down: 225.92

Donagh, I switched to 9:00-9:30PM open range. Read the book over the holidays..skipped Macro ACD chapter as it's a little confusing for me.

Overall, a good book to have.
  • #92
  • Dec 27, 2007 9:36pm Dec 27, 2007 9:36pm
Quoting smjones
Shouldn't this be 227.45, if the pivot is 227.32 and the low range is 227.19

Pivot = (H+L+C)/3
Pivot Differential = (H+L)/2
Pivot Range = Pivot Differential + - Pivot

See page 37 and 38
Scott,

Yes, you are right! Thanks for correcting.

Regards
DL
  • #93
  • Dec 27, 2007 9:44pm Dec 27, 2007 9:44pm
Quoting deepleo
Scott,

Yes, you are right! Thanks for correcting.

Regards
DL
I appreciate your posting the ranges. It gave me a chance to see if I understood it.. It is good that we agreed on all the imptortant parts of the math.
  • #94
  • Dec 27, 2007 10:45pm Dec 27, 2007 10:45pm
This seems to be an interesting Approach for a trading system

is it just visual conformation? or can this be put into an indicator or EA

thanks
M4X............ Hedging My Way To Profits!
  • #95
  • Dec 27, 2007 11:16pm Dec 27, 2007 11:16pm
looks like A down trade is in the works
  • #96
  • Dec 28, 2007 12:56am Dec 28, 2007 12:56am
Quoting natejax
looks like A down trade is in the works
Yes, it was.
I missed it.. as my PC turned off for automatic updates..
  • #97
  • Dec 28, 2007 5:52am Dec 28, 2007 5:52am
Quoting natejax
not bad.. maybe i will start watching GU also. i closed out the GJ a little earlier (-50 pips) when it looked like the trade was not going anywhere worthwhile by london close.

this week is a tough week overall to trade, IMO, and i probably would not be taking any trades at all if i was trading real money, until the new year. i wanted to get started though so i could build up the routine/discipline of getting up to take these trades. hoping to demo this system for a couple weeks and then will gradually transition to small $$$ as i gain a feel for it.
Its a bit of a funny week to be trading really.
I got up late today but it doesn't look like I missed much.
So I won't be trading today.
The more I wait the more I make
  • #98
  • Dec 28, 2007 5:58am Dec 28, 2007 5:58am
Quoting M4X
This seems to be an interesting Approach for a trading system

is it just visual conformation? or can this be put into an indicator or EA

thanks

Hi MX4.

I'm sure you could write an EA for the A up or A down signals.
My coding days are well behind me but I don't see why it couldn't be done.
writing one for the failed A signals could be a bit messy though, I would emagine.
The more I wait the more I make
  • #99
  • Dec 28, 2007 8:13am Dec 28, 2007 8:13am
one thing i learned from last nights trade is that it might be worth exercising discretion if the price is moving rapidly through the A boundary and taking the trade before the 15 minute mark is over. i think if it hits 15 pips beyond it, i will take the trade. do you have a rule of thumb for this donagh?
  • #100
  • Dec 28, 2007 8:16am Dec 28, 2007 8:16am
Quoting natejax
one thing i learned from last nights trade is that it might be worth exercising discretion if the price is moving rapidly through the A boundary and taking the trade before the 15 minute mark is over. i think if it hits 15 pips beyond it, i will take the trade. do you have a rule of thumb for this donagh?

Fisher says, price has to be above or below the A level for at least half of the opening range time.
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