ACD Method on GBP/JPY One trade a day | Page 14 | 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

  • #261
  • Jan 14, 2008 3:52am Jan 14, 2008 3:52am
Quoting Kaligula
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]
e/u opening range in the book is 7:30 to 8:00
The more I wait the more I make
  • #262
  • Jan 14, 2008 5:49am Jan 14, 2008 5:49am
Just closed half my position at 210.94
put my stop to 212.08

going to let the other half run untill at least london close.
The more I wait the more I make
  • #263
  • Jan 14, 2008 6:17am Jan 14, 2008 6:17am
Quoting donagh_1
Just closed half my position at 210.94
put my stop to 212.08

going to let the other half run untill at least london close.
Well actually I changed my mind, just closed the second half of my position. at 210.99
I'm up way too far today to see it all run away from me again. It's probably going to tank another 300 pips now that I've closed but whatever.



First short entry 212.47
second short entry 211.70

closed first half at 210.94 for +153 pps
closed second half at 210.99 for +71 pips

that gives me+224
less my earlier loss of -48

Total for the day +176
Thank god Im back on the winning track!!!
The more I wait the more I make
  • #264
  • Jan 14, 2008 7:43am Jan 14, 2008 7:43am
Donagh:

Quote:

"The opening range of g/j is between 2:00 to 2:30 AM (GMT)"

End of Quote

Does it make any difference what time one trades using
this opening range? I note that you trade between 7 - 10 GMT

My trading day begins with the US session because of my
time zone. Is it reasonable to trade your strategy
beginning with the US session?

Thanks



  • #265
  • Jan 14, 2008 10:00am Jan 14, 2008 10:00am
Quoting winterwhite
Donagh:

Quote:

"The opening range of g/j is between 2:00 to 2:30 AM (GMT)"

End of Quote

Does it make any difference what time one trades using
this opening range? I note that you trade between 7 - 10 GMT

My trading day begins with the US session because of my
time zone. Is it reasonable to trade your strategy
beginning with the US session?

Thanks


Hi there.

You could trade g/j using this opening range during the US session.
But you would probably trade it a different way as you don't get anyway near as many failed A's or A up or downs as you do from 7 to 10 gmt.

You get some C signals in the US session from time to time, maybe once a month.

It also gives you a bias in direction for the day.
For example today we have had a good A down which you would have missed
if you live in the US unless you do night shift trading.

but You could wait for price to retrace to the A down or opening range and get short again. "Rember C signals Rarely Happen!!" so chances are if it has retraced that much it will go back down again.

Honestly I think there really are better trading systems for trading g/j in the US session but I do think its ACD setup can be an addional filter to other trading system signals.
The more I wait the more I make
  • #266
  • Jan 14, 2008 11:53am Jan 14, 2008 11:53am
Quoting donagh_1
Hi there.

You could trade g/j using this opening range during the US session.
But you would probably trade it a different way as you don't get anyway near as many failed A's or A up or downs as you do from 7 to 10 gmt.

You get some C signals in the US session from time to time, maybe once a month.

It also gives you a bias in direction for the day.
For example today we have had a good A down which you would have missed
if you live in the US unless you do night shift trading.

but You could wait for price to retrace to the A down or opening range and get short again. "Rember C signals Rarely Happen!!" so chances are if it has retraced that much it will go back down again.

Honestly I think there really are better trading systems for trading g/j in the US session but I do think its ACD setup can be an addional filter to other trading system signals.

Donagh:

Thanks.

Your trading time and system appear to work well
in a trending GJ market; but not so in a ranging market
as it had done for most of last week.
  • #267
  • Jan 14, 2008 2:36pm Jan 14, 2008 2:36pm
Quoting winterwhite
Donagh:

Thanks.

Your trading time and system appear to work well
in a trending GJ market; but not so in a ranging market
as it had done for most of last week.
Thats true if I don't trade the Failed A's.
I missed lots of failed A trades last week which would have given me a good week, I did catch a few but didn't hold them long enough.

They are a bit more tricky as you need confidence to trade them but
are perfect for a ranging market.

Actually there are very few systems that work well in both ranging and trending markets. And I've already made up more than the -149 pips that I lost last week today alone.
The more I wait the more I make
  • #268
  • Jan 15, 2008 1:02am Jan 15, 2008 1:02am
Just went short Usd/Jpy
at 107.68

stop 107.97
The more I wait the more I make
  • #269
  • Jan 15, 2008 1:18am Jan 15, 2008 1:18am
just went short g/j at 210.60
stop .. not sure yet
The more I wait the more I make
  • #270
  • Jan 15, 2008 1:22am Jan 15, 2008 1:22am
Quoting donagh_1
just went short g/j at 210.60
stop .. not sure yet
stop 211.20

didn't wait 15 minutes for that trade as It just looked so bearish
and did'nt want to miss it.

There was also a beautiful failed A up on Gbp/Usd

A pity I missed It but didn't want too many open positions
The more I wait the more I make
  • #271
  • Jan 15, 2008 1:33am Jan 15, 2008 1:33am
Quoting donagh_1
stop 211.20

didn't wait 15 minutes for that trade as It just looked so bearish
and did'nt want to miss it.

There was also a beautiful failed A up on Gbp/Usd

A pity I missed It but didn't want too many open positions

donagh:

Did the same - but Oanda did not execute my order - first
time that ever happened - not a happy person right now.
  • #272
  • Jan 15, 2008 1:53am Jan 15, 2008 1:53am
I used to be with Oanda,
They would do that to me sometimes during a news event but that was all.
But there are worse than Oanda
Very annoying alright!
With an ECN brokers this doesn't happen.
The more I wait the more I make
  • #273
  • Jan 15, 2008 2:00am Jan 15, 2008 2:00am
Quoting winterwhite
donagh:

Did the same - but Oanda did not execute my order - first
time that ever happened - not a happy person right now.
If you still want to go short it looks like you may have another chance.

But be carefull That could be a reversal and I could be stuffed!
The more I wait the more I make
  • #274
  • Jan 15, 2008 3:23am Jan 15, 2008 3:23am
Its retraced right to the bottom of the opening range and I've shorted
more at 210.96
Same stop at 211.20.

my thinking is that well its not too much of a stop so Im not risking too much on it but if it goes down then I think it will really tank from there.

I think its worth a try.

lets see...
The more I wait the more I make
  • #275
  • Edited 4:11am Jan 15, 2008 3:55am | Edited 4:11am
Quoting donagh_1
Its retraced right to the bottom of the opening range and I've shorted
more at 210.96
Same stop at 211.20.

my thinking is that well its not too much of a stop so Im not risking too much on it but if it goes down then I think it will really tank from there.

I think its worth a try.

lets see...
Oh dear,... stoped out on g/j

loss of -90 pips

Thats a big bounce from 210 to 211.37 in a hour.
looks like 210 is going to be a bit of a tough psycological barrier to go through.

I'm going short again. I think the market might try and break through
the 210 barrier again.
Just went short at 210.93
stop 211.50 above A up
Im calling this a late failed A short.

Im also still short u/j from 107.68
The more I wait the more I make
  • #276
  • Jan 15, 2008 5:52am Jan 15, 2008 5:52am
Quoting donagh_1
Oh dear,... stoped out on g/j

loss of -90 pips

Thats a big bounce from 210 to 211.37 in a hour.
looks like 210 is going to be a bit of a tough psycological barrier to go through.

I'm going short again. I think the market might try and break through
the 210 barrier again.
Just went short at 210.93
stop 211.50 above A up
Im calling this a late failed A short.

Im also still short u/j from 107.68
Well that was a stupid trade. stopped out for -60 pips
-150 loss for the day so far.
The more I wait the more I make
  • #277
  • Jan 15, 2008 5:55am Jan 15, 2008 5:55am
Closed u/j at 107.53 as it wasn't going anywhere for +15 pips

just gone long g/j on C up at price 211.85 (double lot size)

This better work because I've gone beyond my daily draw down limited and shouldn't be trading still.

But would be very mad if I missed a good C up!
The more I wait the more I make
  • #278
  • Jan 15, 2008 5:56am Jan 15, 2008 5:56am
[quote=donagh_1;1802590]

just gone long g/j on C up at price 211.85 (double lot size)

quote]

stop 211.42
The more I wait the more I make
  • #279
  • Edited 8:07am Jan 15, 2008 7:54am | Edited 8:07am
donagh:

Quote

"An A-up is when price reaches the green line and doesn't come back down below the line for longer than 15 minutes.-
An A down is the same only price touches the red line. "

End of Quote

donagh:

"doesn't come back down below the line for longer than 15 minutes."-

Does this mean that the price must stay at least 15 minutes at or
above the green line before you make a trade? or does it mean
that the price stays no longer than 15 minutes below the green
line before you make the trade?


 With regard to the 15 minutes?

Does this mean that when price reaches the green line
you go to the 15 minute chart and just observe price for the
full 15 minutes before placing a trade?

If that is so, would one miss out on pips
if the price were to go through the green line
within that 15 minutes? Most big moves take
only a few seconds/minutes in which case
one would have missed such while waiting
the full 15 minutes.
  • #280
  • Jan 16, 2008 6:07am Jan 16, 2008 6:07am
you got it right and yes i agree sometimes you do miss the move, but a lot of times it whips back over the line and you have no trade. its just extra safety.
YOu can alway put on a smaller position and then add to it.
The more I wait the more I make
2 traders viewing now