ACD Method on GBP/JPY One trade a day | Page 10 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

ACD Method by Mark Fisher 34 replies

Help in editing the ACD indicator? 2 replies

bo7a method... method for GBP/JPY 205 replies

sorilli's ACD system journal 24 replies

chyi's EA for the one trade a day method 21 replies

Attachments: ACD Method on GBP/JPY One trade a day
Exit Attachments

ACD Method on GBP/JPY One trade a day

  • #181
  • Jan 3, 2008 3:41pm Jan 3, 2008 3:41pm
Quoting smjones
What I have done for some time on this c Down trade is to draw a fib from the c down to the c up and then taking profit on 261.8%

It usually works out to be more than 80% of the move... It works well, because C moves are usually dramatic.

I really like that.
Thats very clever.

Thank you very much for that Scott.

I will put that to use next time.
The more I wait the more I make
  • #182
  • Jan 3, 2008 3:58pm Jan 3, 2008 3:58pm
Ok just closed out that short from earlier at 215.51

for +39 pips.

Its a pity I wasn't up in time this morning to get that huge C down trade.

But it was a another positive day and Im very very happy how things have
worked out since I started this journal.
It has really helped me stick to my rules and that is what is making me consistantly profitable.

I so hope its not just beginners luck and the pips keep rolling in.
The more I wait the more I make
  • #183
  • Jan 3, 2008 3:59pm Jan 3, 2008 3:59pm
Quoting donagh_1

I really like that.
Thats very clever.

Thank you very much for that Scott.

I will put that to use next time.
I use it as a baby sitter, if I cannot be at my terminal all day. It is not as good as watching the trade, but is good enough for me.
  • #184
  • Jan 3, 2008 4:11pm Jan 3, 2008 4:11pm
Hi bro
do you know opening range for spot gold? thanks in advance.
regards
  • #185
  • Jan 3, 2008 5:24pm Jan 3, 2008 5:24pm
Quoting kenneith
Hi bro
do you know opening range for spot gold? thanks in advance.
regards
Gold opening range is from 8:20-8:25AM EST.
Trading Hours: 8:20AM - 2:30PM EST.
A Value: 1.2
C Value: 4
  • #186
  • Jan 3, 2008 5:36pm Jan 3, 2008 5:36pm
thanks buddy. that means opening range plus 4.8 or 5/ minus5 between 1320gmt-1325 gm, am i correct?
next question is if i have to see todays range if i want to trade tomorrow?
do you have any idea about how to calculate pips for C up and C down? appreciate your help mate.
regards
Quoting deepleo
Gold opening range is from 8:20-8:25AM EST.
Trading Hours: 8:20AM - 2:30PM EST.
A Value: 1.2
C Value: 4
  • #187
  • Jan 3, 2008 8:09pm Jan 3, 2008 8:09pm
Quoting kenneith
thanks buddy. that means opening range plus 4.8 or 5/ minus5 between 1320gmt-1325 gm, am i correct?
next question is if i have to see todays range if i want to trade tomorrow?
do you have any idea about how to calculate pips for C up and C down? appreciate your help mate.
regards
Yes, 8:20am-8:25am EST = 13:20pm-13:25pm GMT.
No, you will be trading tomorrow on tomorrow's opening range.
C-Up & C-Down Calculation:
Example today's [3-Jan-08] opening range: 864.90 - 866.30
C-Up: 866.30 + 4.0 = 870.30
C-Down: 864.90 - 4.0 = 860.90

Today there was good A-Down and a C-Down.

HTH
Regards
  • #188
  • Jan 4, 2008 2:39am Jan 4, 2008 2:39am

I like this system Donagh thanks for posting. Do you have the open times and pip count for eur/chf? Thanks again I am going to try this system next week.

  • #189
  • Jan 4, 2008 6:49am Jan 4, 2008 6:49am
Quoting rob1599

I like this system Donagh thanks for posting. Do you have the open times and pip count for eur/chf? Thanks again I am going to try this system next week.

Hi Rob,

Glad you like the system, so do I.

The book does not have anything for eur/chf

But you could try 7:30am to 8:00am (gmt) for the the opening range time.
As that is what the eur/usd and gbp/usd are. I am sure you would be safe enough using that.

As for the A and C values.
If you can figure this out...

A= 10% of ATR
C= 1.5 * A


I didn't have the A and C values for gbp/jpy either but played around with different values till I got what consistantly works.

Hope that helps, and if you try it out, let me know how you get on Id be interested to see.

Happy trading

Donagh
The more I wait the more I make
  • #190
  • Jan 4, 2008 7:01am Jan 4, 2008 7:01am
I got up earlier and didn't fee confident putting any trades on because of the day thats in it with NFP coming out later so decided to go back to bed at about 8:00 am (gmt).

So I had a lovely sleep and well yes there was a A up signal which you could have squeezed out about 100 pips but thats nearly completely retraced so
I'm not too dissapointed as I wasn't in the scalping frame of mind for that.

So I'm just going to wait for the Big number and see what happens.

Because price has moved up so much we could be in for a nice C Down to follow the recent trend downwards.
Well nobody knows but lets see.
The more I wait the more I make
  • #191
  • Jan 4, 2008 8:37am Jan 4, 2008 8:37am
Just took the C down trade,

Got not such a good price tough at 214.04. stop 214.54
Target 211.74
Using Scotts fib extension method to pick the bottom of this.

It seems like a long way down but I have to go out and do some things.
So set my limit there in case this C trade really takes of.
Altough its not moving down yet as dramaticly as a C trade normally does.

Lets wait and see.
The more I wait the more I make
  • #192
  • Jan 4, 2008 8:51am Jan 4, 2008 8:51am
Quoting donagh_1
Just took the C down trade,

Got not such a good price tough at 214.04. stop 214.54
Target 211.74
Using Scotts fib extension method to pick the bottom of this.

It seems like a long way down but I have to go out and do some things.
So set my limit there in case this C trade really takes of.
Altough its not moving down yet as dramaticly as a C trade normally does.

Lets wait and see.
It worked well on the A up. I set it and went back to bed... LOL
Attached Image (click to enlarge)
Click to Enlarge Name: acd aup 010408.gif Size: 17 KB
  • #193
  • Jan 4, 2008 11:47am Jan 4, 2008 11:47am
Oh well got stopped out of that C down trade for a loss of -50 pips

I knew I should have not traded today.
NFP day is a crazy day.

Anyway I'm finishing up for the week
hope you all have a great weekend.

My progress so far trading this system on the 11th of December...

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 (Christmas holidays)
-21

week 4
Monday +51 & +75 = 126
Tuesday 0 (New years day)
Wednesday +187
Thursday +39
Friday -50
total +302
Grand total so far= +831
The more I wait the more I make
  • #194
  • Jan 5, 2008 12:48am Jan 5, 2008 12:48am
can you post today open range? Is it the high and low from 2:00 gmt to 2:30 gmt? So, I would have to calculate the first candle at 2:00 gmt and the last candle of 2:30 gmt or should I calculate from 2:00 gmt to 2:29 gmt? thank you for your time?
  • #195
  • Jan 6, 2008 7:54am Jan 6, 2008 7:54am
Hi Sovo,

Yes you got the time right.
All you need to do is using a 30 minute timeframe chart take the high and the low of the 2:00 candle as soon as it is finished and you have your opening range.
The more I wait the more I make
  • #196
  • Edited 9:41pm Jan 6, 2008 10:09am | Edited 9:41pm
Donagh. I wrote up an indicator for you that should draw your lines automatically. I have set the default values for Guppy but the inputs can be modified for any pair as long as you know the open range and pip value. It will draw the red and green lines and the c lines as yellow. Give it a try. This indicator should work on any timeframe.
Attached File(s)
File Type: ex4 ACD_Lines.ex4   3 KB | 527 downloads
  • #197
  • Jan 6, 2008 11:00pm Jan 6, 2008 11:00pm
Quoting donagh_1
Hi Sovo,

Yes you got the time right.
All you need to do is using a 30 minute timeframe chart take the high and the low of the 2:00 candle as soon as it is finished and you have your opening range.
Thank you for your reply... many pips to you
  • #198
  • Jan 6, 2008 11:00pm Jan 6, 2008 11:00pm
Quoting rob1599
Donagh. I wrote up an indicator for you that should draw your lines automatically. I have set the default values for Guppy but the inputs can be modified for any pair as long as you know the open range and pip value. It will draw the red and green lines and the c lines as yellow. Give it a try. This indicator should work on any timeframe.
excellent, thank you
  • #199
  • Jan 6, 2008 11:53pm Jan 6, 2008 11:53pm
Quoting rob1599
Donagh. I wrote up an indicator for you that should draw your lines automatically. I have set the default values for Guppy but the inputs can be modified for any pair as long as you know the open range and pip value. It will draw the red and green lines and the c lines as yellow. Give it a try. This indicator should work on any timeframe.
Hi Rob,


Thank you very much for doing this.
Although I don't know if I'm doing something
wrong but i cannot get it to work.

I have it in my custom indicators list in MT4
I double click it and leave all the defaults and nothing happens.

What am I doing wrong please?
The more I wait the more I make
  • #200
  • Jan 7, 2008 12:50am Jan 7, 2008 12:50am
Just bought on failed A Down 2 lots.
Price: 214.51
Stop 214.34
The more I wait the more I make
0 traders viewing now