ACD Method on GBP/JPY One trade a day | Page 18 | Forex Factory

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ACD Method on GBP/JPY One trade a day

  • #341
  • Feb 8, 2008 2:11am Feb 8, 2008 2:11am
donagh,

This is strange. On my charts, the result was a failed Aup
  • #342
  • Feb 8, 2008 2:34am Feb 8, 2008 2:34am
Quoting donagh_1
What the heck I just closed out all my positions I need the money.

Closed gbp/jpy at 208.16 for +87 pips
closed gbp/usd at 1.958 for +70 pip

total for today +157 pips

Happy days I'm going back to bed for a wee while
Donagh:
It seems in this trade you did not wait the required 15 minutes before getting in the trade. And this most recent trade you did not wait the 15 minutes either. Could you explain why you got in early on these last two trades. Just trying to learn. It seems that it worked out for you both times.
  • #343
  • Feb 8, 2008 2:40am Feb 8, 2008 2:40am
I just closed Half my lot size at 209.72 for +55 pips.
Moved my stop loss to break even and Im going off for the day, hope it keeps going.
The more I wait the more I make
  • #344
  • Feb 8, 2008 3:03am Feb 8, 2008 3:03am
Quoting martinshire
Donagh:
It seems in this trade you did not wait the required 15 minutes before getting in the trade. And this most recent trade you did not wait the 15 minutes either. Could you explain why you got in early on these last two trades. Just trying to learn. It seems that it worked out for you both times.
Hi Martin,

Yes well spotted.
I'll be honest its a bit of a gamble sometimes. I suppose I had a lot of trades that didn't wait for my 15 minutes at the A line and went way too far to get in that lately Im just getting in early if I feel this is the direction to go.
I actually thought That last one was about to prove me wrong. It snapped back 40 + pips before it started to behave itself.
The more I wait the more I make
  • #345
  • Feb 8, 2008 3:04am Feb 8, 2008 3:04am
Quoting galis
donagh,

This is strange. On my charts, the result was a failed Aup
Yeah I know I didn't wait the 15 minutes and I got away with murder.
The more I wait the more I make
  • #346
  • Feb 8, 2008 3:09am Feb 8, 2008 3:09am
Ok thanks. Any special thoughts on "feel" for the direction. Are there certain things you look at before you derive a feel? Also, I have downloaded the pivots that were posted. It is not like any pivot range I have seen before. How do you use them. Sorry for all the questions but your efforts are helping a trader who really wants to learn. Thanks again!
  • #347
  • Edited 5:35am Feb 8, 2008 5:19am | Edited 5:35am
Quoting donagh_1
Yeah I know I didn't wait the 15 minutes and I got away with murder.
Hi Donagh,

I would like to show you a few things that I have been doing regarding fisher's concept and also My modified version of Drummond Geometry. I think I may be able to be of some help on exits and testing if GBPJPY is probably going to range for the day, or trend. I have developed a test using another data stream.

To be honest, after all the negative threads of late, like "Time's" thread, and others, I do not want to share this with the general public, less I be thought of as a false guru, I just want to see if I can be of assistance. I see you have really put in alot of effort here and would like to see if what I have been doing can be of some help to you. I have added you to my PM list. PM me and if you would like to go forward with this, we can talk.

Thanks Scott
  • #348
  • Feb 8, 2008 10:21am Feb 8, 2008 10:21am
i am ashamed to ask that.

i am very bad on maths and am struggled with the Pivot Hour. One criteria for this is the price must be within 15% of one of the extremes.

what i can understand is for example 222.00 * 0.15 = 33.3

so 33 pips above or below 222.00.

but this don't matches with given examples in the book.

anyone could help me? Thanks
  • #349
  • Feb 8, 2008 10:49am Feb 8, 2008 10:49am
Quoting smjones
Hi Donagh,

I would like to show you a few things that I have been doing regarding fisher's concept and also My modified version of Drummond Geometry. I think I may be able to be of some help on exits and testing if GBPJPY is probably going to range for the day, or trend. I have developed a test using another data stream.

To be honest, after all the negative threads of late, like "Time's" thread, and others, I do not want to share this with the general public, less I be thought of as a false guru, I just want to see if I can be of assistance. I see you have really put in alot of effort here and would like to see if what I have been doing can be of some help to you. I have added you to my PM list. PM me and if you would like to go forward with this, we can talk.

Thanks Scott
smjones i write a long message to sent to you but now i see that you don't accept e-mails or pms.

i was asking if you could share it with me too.

thanks in advance.
  • #350
  • Feb 8, 2008 1:32pm Feb 8, 2008 1:32pm
Quoting martinshire
Ok thanks. Any special thoughts on "feel" for the direction. Are there certain things you look at before you derive a feel? Also, I have downloaded the pivots that were posted. It is not like any pivot range I have seen before. How do you use them. Sorry for all the questions but your efforts are helping a trader who really wants to learn. Thanks again!

The only logic I can give to this action is that there has been a lot of small A up or Downs lately lasting between 40 to 100 pips and then coming back at you. So my thinking was that if I get into the trade as close as possible to the A line the better the chance I have of making 50 pips.

But this is a bit risky as It could turn out to be a failed A.

Its a trade out of desperation from these ranging few weeks and not ideal.
The more I wait the more I make
  • #351
  • Feb 8, 2008 1:43pm Feb 8, 2008 1:43pm
Hi Donagh
I found this indicator that helps me to stay on the right side of the trend. Maybe it can be of assistance to your method.

QQE5 > when the line cross the 50 centre line UP > Longs... & Visa-Versa for Shorts

M&M
Attached File(s)
File Type: ex4 QQE_Alert_MTF_v5.ex4   19 KB | 383 downloads
  • #352
  • Feb 8, 2008 1:45pm Feb 8, 2008 1:45pm
Quoting giraia_br
i am ashamed to ask that.

i am very bad on maths and am struggled with the Pivot Hour. One criteria for this is the price must be within 15% of one of the extremes.

what i can understand is for example 222.00 * 0.15 = 33.3

so 33 pips above or below 222.00.

but this don't matches with given examples in the book.

anyone could help me? Thanks
Im sorry Giraia,
Im not too sure what you mean.

I wouldn't mind too much about the pivots.
I don't think they work that well.

They are better used for longer term trades
( 3 day pivot ranges which give you support and resistance areas)

But I don't trade long term, well at least not yet but I would like to give it a go also.
The more I wait the more I make
  • #353
  • Feb 8, 2008 1:46pm Feb 8, 2008 1:46pm
Quoting Fx1618
Hi Donagh
I found this indicator that helps me to stay on the right side of the trend. Maybe it can be of assistance to your method.

QQE5 > when the line cross the 50 centre line UP > Longs... & Visa-Versa for Shorts

M&M
Thanks a million M&M
I'll give it a look over the weekend.

Cheers
Donagh
The more I wait the more I make
  • #354
  • Feb 8, 2008 2:15pm Feb 8, 2008 2:15pm
Quoting donagh_1
Im sorry Giraia,
Im not too sure what you mean.

I wouldn't mind too much about the pivots.
I don't think they work that well.

They are better used for longer term trades
( 3 day pivot ranges which give you support and resistance areas)

But I don't trade long term, well at least not yet but I would like to give it a go also.
it is the pivot first hour.

there are a lot of pivots, each time i read the book again i find another.
  • #355
  • Edited 12:39pm Feb 11, 2008 2:30am | Edited 12:39pm
I just got up and see that I missed a great A down,
What a pity.
The more I wait the more I make
  • #356
  • Feb 11, 2008 4:17am Feb 11, 2008 4:17am
Just went short Eur/Aud on a A down

Price 1.6082
Stop 1.6135

Im trying out other currenciy pairs now as I feel too limited to gbp/jpy
The more I wait the more I make
  • #357
  • Feb 11, 2008 3:36pm Feb 11, 2008 3:36pm
Quoting donagh_1
Just went short Eur/Aud on a A down

Price 1.6082
Stop 1.6135

Im trying out other currenciy pairs now as I feel too limited to gbp/jpy
I just closed this trade at 1.6059 for

+23 pips.

Well I won't retire on it but at least a few pip's are a few pip.
The more I wait the more I make
  • #358
  • Feb 11, 2008 4:38pm Feb 11, 2008 4:38pm
donagh_1

Just wondering did you take smjones up on his offer? If so how's it working out for you? Has it improved your entries and exits.

I've been trading this since the start of the thread with moderate success. I'm actually using the ATR method of setting the A and C levels and smjones's suggestion regarding exits. So far I'm quite happy with it but I would most definitely be interested in hearing smjones's improvements as he's one of the few members on this board that I will always read as he consistently makes a great deal of sense.

Regards

Lux
MT4 EA, Indicator and Alert Coder Since 2006
  • #359
  • Feb 12, 2008 1:23am Feb 12, 2008 1:23am
Just went long 208.99 on A up.
Stop 208.36
The more I wait the more I make
  • #360
  • Feb 12, 2008 1:25am Feb 12, 2008 1:25am
Quoting luxinterior
donagh_1

Just wondering did you take smjones up on his offer? If so how's it working out for you? Has it improved your entries and exits.

I've been trading this since the start of the thread with moderate success. I'm actually using the ATR method of setting the A and C levels and smjones's suggestion regarding exits. So far I'm quite happy with it but I would most definitely be interested in hearing smjones's improvements as he's one of the few members on this board that I will always read as he consistently makes a great deal of sense.

Regards

Lux
Hi Lux,

I just got the indicator last night off Scott and haven't even had time to look at it
I upload it for you as soon as I've had a look at it.
The more I wait the more I make
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