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ACD Method on GBP/JPY One trade a day

  • #101
  • Dec 28, 2007 9:37am Dec 28, 2007 9:37am
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?
I personally do not have a rule of thumb for this but that could be a good idea. (15 pips above)

I have to admit sometimes I do not wait 15 minutes but this is usually
only in certain circumstances for example if u/j and g/u are both steadily
moving in the same direction or if an important fib or support or resistance line is also broken
The more I wait the more I make
  • #102
  • Dec 28, 2007 9:44am Dec 28, 2007 9:44am
Did anyone take the A down trade today?
It looks like its trying really hard to break below 225.18
I wonder will it...
The more I wait the more I make
  • #103
  • Dec 28, 2007 9:46am Dec 28, 2007 9:46am
I've got a dog-eared copy of Fisher's book and I use it quite frequently for my trading. Right now I'm trying to build an Excel file with EUR/USD and GBP/USD results from A trades. I'll be looking at how trades fared if you enter immediately after an A signal (using the 15 minute rule), if you enter only on a retrace to the A level after a good signal, and if you enter only on a retrace to the top of the opening range after a good signal. I'd also like to track the size of the opening range through something like a 10-day moving average; my hunch (and only that) is that tight opening ranges produce the best results with this method.
In terms of when to trade and when not to trade, I believe Fisher is pretty clear on this point: take the trades, based on your methodology; the only adjustments you make is in the size of your trading ("minimize risk, maximize size").
Thanks for an enjoyable read every day and good luck to everyone with their trades.
  • #104
  • Dec 28, 2007 9:50am Dec 28, 2007 9:50am
Quoting donagh_1
Did anyone take the A down trade today?
It looks like its trying really hard to break below 225.18
I wonder will it...

i took it but just closed out since London is wrapping up.
  • #105
  • Dec 28, 2007 11:21am Dec 28, 2007 11:21am
looks like it finally fell. i missed over 50 pips on early exit. just when you think the market should settle down before new year, it surprises you... i really need to figure out a more precise exit for these trades.
  • #106
  • Dec 28, 2007 11:22am Dec 28, 2007 11:22am
Quoting Msh
I've got a dog-eared copy of Fisher's book and I use it quite frequently for my trading. Right now I'm trying to build an Excel file with EUR/USD and GBP/USD results from A trades. I'll be looking at how trades fared if you enter immediately after an A signal (using the 15 minute rule), if you enter only on a retrace to the A level after a good signal, and if you enter only on a retrace to the top of the opening range after a good signal. I'd also like to track the size of the opening range through something like a 10-day moving average; my hunch (and only that) is that tight opening ranges produce the best results with this method.
In terms of when to trade and when not to trade, I believe Fisher is pretty clear on this point: take the trades, based on your methodology; the only adjustments you make is in the size of your trading ("minimize risk, maximize size").
Thanks for an enjoyable read every day and good luck to everyone with their trades.
Hey Msh, if you get that excel file compiled it would be great to see the results if you feel like sharing.
  • #107
  • Dec 28, 2007 11:40am Dec 28, 2007 11:40am
Quoting Msh
I've got a dog-eared copy of Fisher's book and I use it quite frequently for my trading. Right now I'm trying to build an Excel file with EUR/USD and GBP/USD results from A trades. I'll be looking at how trades fared if you enter immediately after an A signal (using the 15 minute rule), if you enter only on a retrace to the A level after a good signal, and if you enter only on a retrace to the top of the opening range after a good signal. I'd also like to track the size of the opening range through something like a 10-day moving average; my hunch (and only that) is that tight opening ranges produce the best results with this method.
In terms of when to trade and when not to trade, I believe Fisher is pretty clear on this point: take the trades, based on your methodology; the only adjustments you make is in the size of your trading ("minimize risk, maximize size").
Thanks for an enjoyable read every day and good luck to everyone with their trades.
Hi Msh,
Thank you very much for your input.
That sounds a very interesting excell file your building.

Your exactly right what you say above on the other thing.
If youre not too sure about a trade and youre just compelled to
enter the trade for whatever reason. just reduce your lot size.

Happy trading to you
The more I wait the more I make
  • #108
  • Dec 28, 2007 11:46am Dec 28, 2007 11:46am
Quoting natejax
looks like it finally fell. i missed over 50 pips on early exit. just when you think the market should settle down before new year, it surprises you... i really need to figure out a more precise exit for these trades.
Yes I didn't think there would be much action this evening either
and I'm a bit annoyed I didn't go short earlier as I could have even though I was up later than usual. The truth is I had a good few pints last night and don't really trust myself trading hungover.
The more I wait the more I make
  • #109
  • Dec 28, 2007 12:20pm Dec 28, 2007 12:20pm
I'll be happy to share the file (I'm ashamed to say that I stink at excel, however, and had to enlist the help of my son in this project even though its so basic ). Should have something with enough data to be presentable by end of next month. Good trading and happy new year, everyone.
  • #110
  • Dec 28, 2007 1:43pm Dec 28, 2007 1:43pm
Quoting Msh
I'll be happy to share the file (I'm ashamed to say that I stink at excel, however, and had to enlist the help of my son in this project even though its so basic ). Should have something with enough data to be presentable by end of next month. Good trading and happy new year, everyone.
When you say end of next month, does that mean you are tracking macro ACD and plus and minus days?
  • #111
  • Dec 28, 2007 3:02pm Dec 28, 2007 3:02pm
Quoting deepleo
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.
Hi Leo,

Thats great,
I know what you mean about the Macro ACD.
I think Fisher has a subscription service where he gives you all the plus
and minus figures and calculations for the Macro ACD, pivot moving averages
and other stuff.

I might subscribe to it when I really get this system down and look at doing some Macro ACD trading.
The more I wait the more I make
  • #112
  • Dec 28, 2007 4:13pm Dec 28, 2007 4:13pm
Well the market has finished for the week and g/j price finished well down at 224.19

So there was at least 150 pips on the table from the A down.
Although I didn't trade cause I was a hungover this morning, at least it gives me more confidence in the system and waiting untill close of New York.

I'm kinda looking forward to things getting back to normal in the new year.
There's only so much guinness one man can drink.

Hope you all have a great weekend...

-21 pips for this very short week
My progress since I started this system

Week 1
Monday +160
Tuesday -54
Wednesday +261
Thursday -74
Friday+ +62
Total +355

Week 2
Monday -62
Tuesday 0
Wednesday +144
Thursday +113
Friday-0
Total +195

Week 3
-21
Grand total so far +529
The more I wait the more I make
  • #113
  • Dec 28, 2007 4:15pm Dec 28, 2007 4:15pm
Donagh,

Even though this week being a holiday week ACD did give good signals and entries.

Today A-Down at 225.92 made 162 pips. I had a power outage and couldn't take it. But no worries..we have next week.

Thanks and have a good weekend

PS: I tried Guinnes..but no offense I would rather prefer something else..)
DL
  • #114
  • Dec 28, 2007 7:40pm Dec 28, 2007 7:40pm
Those are nice totals, Donagh. you have a good weekend as well
  • #115
  • Dec 30, 2007 9:49pm Dec 30, 2007 9:49pm
Opening Range: 223.55 - 223.37
Pivot Point: 224.44
Pivot Range: 224.36 - 224.51

A-Up: 223.87
A-Down: 223.05
  • #116
  • Dec 30, 2007 11:59pm Dec 30, 2007 11:59pm
it hit A-up and faded, but i think it is more of an undecided market than a failed A-up and thus i am resetting price warnings and going back to bed.

My sense was that a failed a-up (or down) should have a measure of decisiveness about it, from the fisher text.
  • #117
  • Edited 5:18am Dec 31, 2007 4:17am | Edited 5:18am
Quoting deepleo
Opening Range: 223.55 - 223.37
Pivot Point: 223.44
Pivot Range: 224.36 - 224.51

A-Up: 223.87
A-Down: 223.05
Thanks for the opening range.

I have it at
A up- 223.92
A Down - 223.08

Its only a few pips in the difference, I don't think it matters too much.

Anyway I got up late this morning and saw a nice A up so I took it.
Well I hope its a nice A up.

Just went long at 224.20, stop at 223.38
The more I wait the more I make
  • #118
  • Dec 31, 2007 7:25am Dec 31, 2007 7:25am
Just closed that trade at 224.71
for a +51 profit.

I know Its only 13:20 gmt and I'm supposed to hold it till at least london
close at 17:00 but today london is having a half day.

So I'm shutting down untill next year and going to enjoy the celebrations.

Happy New year to all...


Donagh
The more I wait the more I make
  • #119
  • Dec 31, 2007 10:11am Dec 31, 2007 10:11am
Big C Trade in the works. I hope.

As soon as it went below 222.76 and stayed there for 15 mins

Im just went short at 222.35

Im not too sure how long to hold onto it though
The more I wait the more I make
  • #120
  • Dec 31, 2007 10:16am Dec 31, 2007 10:16am
Im hoping it will get to 221.03
Which is the 100 % retracement on the daily

By the way my stop is at 222.85 (50 pips)
The more I wait the more I make
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