ACD Method on GBP/JPY One trade a day | Page 13 | 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

  • #241
  • Jan 11, 2008 9:56am Jan 11, 2008 9:56am
Im calling it quits for this week.
There was a beautiful A down this morning at 5:40 gmt which gave 200 + pips which was well before I got out of bed. Hope the people up at that time caught it.

Bad week.
I just got to take on the Failed A trades and I'll
do much better during the range bound weeks.
The more I wait the more I make
  • #242
  • Jan 11, 2008 9:58am Jan 11, 2008 9:58am
My progress so far.. since 11th of November 07


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

week 5
monday -24
tuesday - 59
wednesday -33 +50 -111
thursday +28
friday 0
total -149

Grand total so far= +682
The more I wait the more I make
  • #243
  • Jan 11, 2008 12:48pm Jan 11, 2008 12:48pm
Quoting donagh_1
My progress so far.. since 11th of November 07


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

Hi
I'm new on this thread and still wondering, why first tuesday is -54.

Could you please review with my chart?
[I understand, that tuesday was 11 december]

Could you tell me please where you put SL when reaching C up or C down order?

PS on drawing you see wrong hours, cause my platform is set in GMT-2 i dont know how to change it.

Chris
Attached Image
  • #244
  • Jan 12, 2008 8:23am Jan 12, 2008 8:23am
Just to make things easier for you, here's an ACD indicator.

Just put in the opening range and select FALSE for the default A and C values. Put in your own values which should be 32 pips for A and 56 pips for C?

=)
Attached File(s)
File Type: mq4 ACD1.mq4   6 KB | 583 downloads
  • #245
  • Jan 12, 2008 9:37am Jan 12, 2008 9:37am
JodyOng - Is it to me?
I have alredy ACD and still see profit, as I saw it.

Anyway I have read the chapter, and gonna buy the book. Now I've got my own observation.

I have put some data to excell, so I can see is that things about open range are as said in the book. I realise [you can see in .xls attached] that there are three times during the day, that i can find as open time.

I tried to put in excel data, so it told me, if given hi is the highest for the next 8 or 24 hours [two different sheets]. Same with a low.
As a result i have chart that shows, that the most high and low of a next 24 h, or of a next 8h are given also arond 8amGMT and 4pmGMT.
So I did an correction in ACDa1 to show eventual correction for the "japanese" one. [maybe moving SL etc]


I have add also screen with my correcting ACB, so you see what i mean. [still with chart timed with GMT-2 if you'd like to make usage of my .mq4 remember to set proper time].

Chris

PS.
My xls file is too big, to post it here :/
I'll think of it later. No too much time now.
Attached Image (click to enlarge)
Click to Enlarge Name: acd corrected.PNG Size: 32 KB
Attached File(s)
File Type: mq4 ACD Kaligulas variation.mq4   6 KB | 441 downloads
  • #246
  • Jan 12, 2008 10:10am Jan 12, 2008 10:10am
Hi
Anybody can advice some real performance on ACD?
Should it be used only on GBPJPY?
And finally what is the best time frame for that?
Thanks in advance
  • #247
  • Jan 12, 2008 10:49am Jan 12, 2008 10:49am
Quoting Keivan
Hi
Anybody can advice some real performance on ACD?
Thanks in advance
I had 50 - 50 success [But others having good success with this] because once you get in the trade you should monitor for at least equal to opening range time or maximum double the opening range time and should check for C failure/success.


For example:GBPJPY opening range time 30 min

I'm in EST zone and usually GBPJPY moves around London early session and too quickly, before I get up.

Quoting Keivan
Should it be used only on GBPJPY?
Not really, can be used on any pair. But you need to find out the opening range, time, A value, and C value.
Quoting Keivan
And finally what is the best time frame for that?
This method depends on the opening range time and the A values.
For GBPJPY the opening range is 30 min, so if the A value price breaks you enter the trade.
Here's a link for the preview of the book.

http://books.google.com/books?id=4xF..._otpL8#PPP1,M1
  • #248
  • Jan 12, 2008 3:15pm Jan 12, 2008 3:15pm
Quoting Kaligula
Hi
I'm new on this thread and still wondering, why first tuesday is -54.

Could you please review with my chart?
[I understand, that tuesday was 11 december]

Could you tell me please where you put SL when reaching C up or C down order?

PS on drawing you see wrong hours, cause my platform is set in GMT-2 i dont know how to change it.

Chris
Hi Chris,

Well spotted.
You're right it should be more than 50 pips loss if I had put my stop at the point B spot just below the opening range.

However for the first two days I traded this system I was just using 50 pip
stops and then I decided to do it the right ACD way.

About the C down trade,.. I only wish I caught that trade but the fact is, I am not a full time trader and cannot be in front of the Screen all day as I have other businesses to run.

I am normally in front of the screen between 7:00 to 10:00 gmt.
After that it depends how busy I am.

And you were asking about the right stops for the C downs or ups (Point D).
They will be just above the oposite side of the opening range to where the C was made.
The more I wait the more I make
  • #249
  • Jan 12, 2008 3:17pm Jan 12, 2008 3:17pm
Quoting Keivan
Hi
Anybody can advice some real performance on ACD?
Should it be used only on GBPJPY?
And finally what is the best time frame for that?
Thanks in advance
If you look at the top of the page.
Thats my real performance for ACD!
The more I wait the more I make
  • #250
  • Jan 12, 2008 4:38pm Jan 12, 2008 4:38pm
Quoting donagh_1
Hi Chris,

About the C down trade,.. I only wish I caught that trade but the fact is, I am not a full time trader and cannot be in front of the Screen all day as I have other businesses to run.

So C entries demand 15min behind C point same as A - is that correct?
Otherwise you can put EO at oposit C level and run the trade all day.

I red the chapter, so i know SL for method and wish to buy the book.
Anyway, if you please have a look on my idea of three opening hours for GBPJPY ill be really thankfull.


[By the chance what are your spreads on GBPJPY? I have 8 pips and think of trade on usdjpy, or changing forexbroker]

Chris
  • #251
  • Jan 13, 2008 7:43am Jan 13, 2008 7:43am
Quoting JodyOng
Just to make things easier for you, here's an ACD indicator.

Just put in the opening range and select FALSE for the default A and C values. Put in your own values which should be 32 pips for A and 56 pips for C?

=)
Hi Jody,

Thanks for posting that fantastic indicator. SMJones found that indicator on the forum a few days ago and posted it a few posts back.
It's really great.

I've noticed from other threads that you have been using ACD method for a long time. Do you still use it? and what pairs do you use it for?
Its great to see an experienced ACD trader posting on this thread.

Donagh
The more I wait the more I make
  • #252
  • Jan 13, 2008 8:02am Jan 13, 2008 8:02am
Quoting Kaligula
So C entries demand 15min behind C point same as A - is that correct?
Yes thats correct.

Quote
Otherwise you can put EO at oposit C level and run the trade all day.
Don't understand this question, sorry.

Quote
I red the chapter, so i know SL for method and wish to buy the book.
Anyway, if you please have a look on my idea of three opening hours for GBPJPY ill be really thankfull.?
Im looking and trying to figure out,
What are the 3 different opening ranges?


Quote
By the chance what are your spreads on GBPJPY? I have 8 pips and think of trade on usdjpy, or changing forexbroker

I use interactive brokers, my spread on gbp/jpy is anything between 1 to 5 pips. Its an ECN and the spread moves all the time. but rarely is it more than 5 pips. and sometimes it can be as little as .5 of a pip even on gbp/jpy but this is also very rare.
The more I wait the more I make
  • #253
  • Jan 13, 2008 1:44pm Jan 13, 2008 1:44pm
Quoting donagh_1
Im looking and trying to figure out,
What are the 3 different opening ranges?
3 openineg ranges on chart are for 3 consecutive days.
the grey opening ranges are for other time period [around 7 am instead of 2am]

I wonder, can they correct somehow opened trades. [f.e. move stop losses, or catch new trend established during european open]
  • #254
  • Jan 14, 2008 1:06am Jan 14, 2008 1:06am
Just went long at 212.59 with double my normal lot size.
Hoping to have a failed A down.
Stop is at 212.38
The more I wait the more I make
  • #255
  • Edited 5:59am Jan 14, 2008 1:14am | Edited 5:59am
stopped out
loss -48pips (2 lots *24)
The more I wait the more I make
  • #256
  • Jan 14, 2008 1:18am Jan 14, 2008 1:18am
Went short at 212.47
A down
The more I wait the more I make
  • #257
  • Jan 14, 2008 1:21am Jan 14, 2008 1:21am
Quoting donagh_1
Went short at 212.47
A down

stop at 213.25
The more I wait the more I make
  • #258
  • Jan 14, 2008 2:46am Jan 14, 2008 2:46am
Quoting donagh_1
Went short at 212.47
A down
Im thinking about selling more
depends if U/j breaks through 107.87 convincingly which is the next line of support.

Its just bounced off it and g/j has also bounced. lets see what happens
This is the crunch moment now it could all turn around and go back up.

Watching closely....
The more I wait the more I make
  • #259
  • Jan 14, 2008 2:58am Jan 14, 2008 2:58am
Quoting donagh_1
Im thinking about selling more
depends if U/j breaks through 107.87 convincingly which is the next line of support.

Its just bounced off it and g/j has also bounced. lets see what happens
This is the crunch moment now it could all turn around and go back up.

Watching closely....

Just sold more at 211.70

Stop at 212.70 (just above A down)
The more I wait the more I make
  • #260
  • Jan 14, 2008 3:25am Jan 14, 2008 3:25am
I woke up too late. So missed the trade
So went long on EU after some signal and making profit. Will buy more, when ACD will give a sign. [I took open range between 7:00 and 7:30 - is that correct? Still cant get the book]
0 traders viewing now