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I will not call 100-200 ticks days survival. By battle, I meant, CL trades in a rotational market ( Auction type trading) 70-80% of the days. So, one has to battle it out and has to be very patient wit set ups. When one trades one way 70-80% of the time, it is very difficult for day traders ( at least for me) to turn the switch on differently on trending days.
By the time trend is set, CL is typically down 100-200 ticks with few pull backs. A day trader like me who trades with 10-15 ticks stop loss find it difficult to find an entry. That's the challenge. I prefer Monday type of trading days more vs trending days.
1) tried 1) short 96.90 with stop loss 97.21. + 30 ticks.
2) A up confirmed @ 97.50. Price is at a level where quite a sell off started last week. short 97.54. stop loss 97.71. cover 96.80. + 70 ticks. Had to wait 40 minutes to get paid.
But that were not any breakout trades, just countertrend trades as CL was already overextended. I guess that this has nothing to do with the ACD method of Mark Fisher. Also I do not see, how A up was near 97.50.
Below are two charts.
Chart 1 shows the 45 min opening period with the A up at 97.25. I would never have taken that breakout trade.
Chart 2 shows the upper breakout point at 96.60 and the target band around 97.00.
I have used your opening range anaopeningrangV3 to do break outs off of.....So do you have another template for using the ABCD breakout,if so where? It works didnt know there was a technique using it. Im a little slow,lol
No I havent used the noise bands or know where to find them(looked in Elite and advance search),can you send me the post or link.... Many Thx In Advance
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This indicator is an old version and there will be no more maintenance. All the features have now been integrated with the SessionPivots indicator that can be downloaded here:
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