ACD Method on GBP/JPY One trade a day | Page 8 | Forex Factory

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ACD Method on GBP/JPY One trade a day

  • #141
  • Jan 2, 2008 7:33am Jan 2, 2008 7:33am
not much going on in the market last night, it seems. i was stopped out on my trade for very small losss. not really enthusiastic about any more trading today
  • #142
  • Jan 2, 2008 7:55am Jan 2, 2008 7:55am
Are you still using the 0200-0230 GMT as the opening range? That seems so totally random it must be a typo or mistake. No major market at all opens at 0200 GMT. The biggest market that opens at that time is Thailand! If something random works then stick with it. It's like finding a coin that always gives a good signal when you toss it. Why do you think it's working though?
  • #143
  • Jan 2, 2008 8:06am Jan 2, 2008 8:06am
Quoting notouch
Are you still using the 0200-0230 GMT as the opening range? That seems so totally random it must be a typo or mistake. No major market at all opens at 0200 GMT. The biggest market that opens at that time is Thailand! If something random works then stick with it. It's like finding a coin that always gives a good signal when you toss it. Why do you think it's working though?
I tried with Tokyo open [7:00 - 7:30PM EST] range but most of the time I had failed A-ups and A-downs. Even I had concerns regarding the 9:00 - 9:30PM EST range but this range does have an edge over the Tokyo range. Just my observation/opinion.
  • #144
  • Jan 2, 2008 8:29am Jan 2, 2008 8:29am
Just took a peek from work.

Short Trade is looking good up 80 + pips

Hope there's more of you in with me
The more I wait the more I make
  • #145
  • Edited 8:48am Jan 2, 2008 8:33am | Edited 8:48am
pretty amazing how well this system seems to be working. every time i dismiss a signal for whatever reason, it always seems to work out. i guess i need to stop putting my own ideas in there.

edit: and it doesn't help that i had the range wrong last night...
  • #146
  • Jan 2, 2008 8:36am Jan 2, 2008 8:36am
Quoting donagh_1
Just took a peek from work.

Short Trade is looking good up 80 + pips

Hope there's more of you in with me
Missed as I'm working from home today cos of snow.
  • #147
  • Jan 2, 2008 8:37am Jan 2, 2008 8:37am
Quoting notouch
Are you still using the 0200-0230 GMT as the opening range? That seems so totally random it must be a typo or mistake. No major market at all opens at 0200 GMT. The biggest market that opens at that time is Thailand! If something random works then stick with it. It's like finding a coin that always gives a good signal when you toss it. Why do you think it's working though?
Hi notouch,

I like the way you put it...'like finding a coin that always gives a good signal'

Maybe it is a typo, or maybe he experimented with it so much that he found that 12:00 to 12:30 was way too noisy. Which it does appear to be.
Whichever it is, It's been good to me more often than not.
The more I wait the more I make
  • #148
  • Jan 2, 2008 8:44am Jan 2, 2008 8:44am
tx Donagh, it will probably still go but I had to exit as I'm leaving home, have some errands to run +71

M&M
  • #149
  • Jan 2, 2008 9:12am Jan 2, 2008 9:12am
Well done M&M on +71 pips,,, very nice.

I'm hanging on for a bit its really falling at the moment but it might bounce.

although it has broken through its low of 219.33 in August.

Holy Moly its still plumeting as I write.

Where is the bottom ???

any Ideas ??
The more I wait the more I make
  • #150
  • Jan 2, 2008 9:17am Jan 2, 2008 9:17am
Ok I've just closed it out at 218.90
For a profit of +187 pips

I don't want to be too greedy.

That will do nicely


Time to walk the Dog now.

I got a good feeling for 2008
The more I wait the more I make
  • #151
  • Jan 2, 2008 9:18am Jan 2, 2008 9:18am
Quoting donagh_1
Well done M&M on +71 pips,,, very nice.

I'm hanging on for a bit its really falling at the moment but it might bounce.

although it has broken through its low of 219.33 in August.

Holy Moly its still plumeting as I write.

Where is the bottom ???

any Ideas ??
If it does not stop at 219.00 monthly support it may go down to 218.00!!
  • #152
  • Jan 2, 2008 9:57am Jan 2, 2008 9:57am
or 217 and lower... crazy!
  • #153
  • Jan 2, 2008 10:22am Jan 2, 2008 10:22am
Quoting donagh_1
Ok I've just closed it out at 218.90
For a profit of +187 pips

I don't want to be too greedy.

That will do nicely


Time to walk the Dog now.

I got a good feeling for 2008
Ah damb,,, Back from walking the Dog and its gone on 200+ pips!

Thats what I get for not sticking to my rules.

I should have waited untill london close at least.
The more I wait the more I make
  • #154
  • Jan 2, 2008 11:26am Jan 2, 2008 11:26am
Hi Donagh & Co,

Holding on short +370 pips but still demoing this great method. After short time I found out that A up and down are the safest trades. I don't see very reliable failed A trades. C trades look good also, but there were just one appeared in last 2 weeks. The rules are quite simple, so there is a chance to make a EA but unfortunately I don't code.
  • #155
  • Jan 2, 2008 11:35am Jan 2, 2008 11:35am
interesting observation, Pozo. this would actually be great news as i could set a more stringent alert for the system (say 10pips past the mark) before i have to wake up. with GJ volatility, you probably need to be at least 10 pips away in order to maintain it for 15 minutes, based on my observations.

have you noticed any patterns with the A-up/downs/ vs. failed, Donagh?

Pozo, are you tracking GU also with the system or just GJ?
  • #156
  • Jan 2, 2008 12:15pm Jan 2, 2008 12:15pm
Quoting Fx1618
tx Donagh, it will probably still go but I had to exit as I'm leaving home, have some errands to run +71

M&M
, although that is the way I trade (not leaving a trade unattended). checking at the charts... 77 pips was just the beginning as there was at least another 300 for the taking. Well done to those who rode it all the way.
  • #157
  • Jan 2, 2008 12:41pm Jan 2, 2008 12:41pm
Quoting pozosurf
Hi Donagh & Co,

Holding on short +370 pips but still demoing this great method. After short time I found out that A up and down are the safest trades. I don't see very reliable failed A trades. C trades look good also, but there were just one appeared in last 2 weeks. The rules are quite simple, so there is a chance to make a EA but unfortunately I don't code.
Well done pszosurf!

Glad you're doing it right not like me.
But anyway your right about the A up and downs being safer. but that isn't completely true. because the risk reward ratio is a lot better with the failed A's..
For example I got a failed A today at about 9:15 gmt when price hit 221.90 then reversed and we all know where it is now. if we took that trade we would only have being risking a max of about 15 pips for a current profit of 530 pip+. Thats incredible!

They are worth taking if your brave enough.

Also when the market is stuck in a range for a week or two this is really when the Failed trades come into there own.

This is when I use them really. Which is great to have a system which has an alternative to trending days.
The more I wait the more I make
  • #158
  • Jan 2, 2008 1:07pm Jan 2, 2008 1:07pm
Quoting pozosurf
Hi Donagh & Co,
C trades look good also, but there were just one appeared in last 2 weeks.
I actually think that the A down trade of today was a continuation of the C Down trade from New years eve, but because It happened late New years eve and everyone was finishing off early it didn't get to where it should have.

C downs are rare but can be enormous!
Also fisher says you should load up your lots for these and step on the gas!!!
The more I wait the more I make
  • #159
  • Jan 2, 2008 8:40pm Jan 2, 2008 8:40pm
i have 216.41 A down and 217.28 A Up

good luck tonight fellas
  • #160
  • Jan 2, 2008 8:51pm Jan 2, 2008 8:51pm
Opening Range: 216.73 - 216.96
Pivot Point: 218.24
Pivot Range: 217.38 - 219.11

A-Up: 217.28
A-Down: 216.41

Possible upside could be: A-up through the pivot or failed A-up against the pivot
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