Yearly and monthly ACD
מעודכן
Here you can see how one may use 3 day rolling pivot for best entries along with yearly and monthly opening ranges. Thin 3 or 6 days rolling pivot ranges predict volatility. The ACD system of opening ranges, pivot ranges and 3 or 6 days rolling pivots was advanced by Mark Fisher in "The Logical Trader: Applying A Method To The Madness" (2002).
We saw rejection at yearly opening range (that pinbar) and now ptrice will be trending towards A down breakdown level.
By ACD rules for that level to be broken (what is the most likely scenario) price needs to spend half of the time of opening range at A up or A down level (in case of yearly OR - 2 weeks) before taking a breakdown trade.
Now we broke monthly A down level and monthly opening range acts as resistance.
For educational purposes only.
We saw rejection at yearly opening range (that pinbar) and now ptrice will be trending towards A down breakdown level.
By ACD rules for that level to be broken (what is the most likely scenario) price needs to spend half of the time of opening range at A up or A down level (in case of yearly OR - 2 weeks) before taking a breakdown trade.
Now we broke monthly A down level and monthly opening range acts as resistance.
For educational purposes only.
עסקה פעילה
Our previous setup was devalidated as price broke the monthly pivot range. In such conditions only shorts can be considered. In May EURUSD trades usually down (last 7 out of 10 yrs).הערה
כתב ויתור
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