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ADR on 10 day look back is currently 104 ticks so coming to think about it 2/3 ticks is probably a little small for classing an A-up/down. Do you use a specific calculation based on ADR to quantify when the market makes an A-up/down?
I actually use Fat Tails' noise bands - today the market made a a very good low from the Open at a multi day support level and was trading way above the noise bands on the OR, so I was gunning for the long side early.
wld expect you need to work out whats best for you, as mentioned, its subjective and dependent on what your style is. Not sure but CL smthg like ~150t adr and A/C used is 8 ticks by some ppl.
no, but if ADR suddenly jumps from 15 to 30 then i wld be looking to re-adjust these parameters. Also ADR doesnt include time, which is a key determinant.
I've created two custom stats in my edgewonk journal for time taken for a up/down and a or c values in ticks for each day. When i get a decent enough sample I'll start to create a framework around it.
For now I'm happy with a 5% of ADR a/c values and 2 1/5 mins of OR as per Fisher's recommendation.
Thanks for helping me understand. So if ES goes A-down and holds its a buy or you buy through the opening range? u say a few scalps. so you went long? so like yesterday if went above a_up and found c_up so you bought the retrace to c_up? how much is A, C value for you for ES?
Having issue managing, hanging on etc.
So here is my issue. I start with 1 contract and keep it and is a winner. and on my looser i end up with more contracts, I have more winning session than lossing trades, but my lossing trades are big. So how do you all manage contract sizes. it seems to me my winning trades have less contracts than my loosing trades. How do i keep it the same. How do decide what your stops should be? Do you start with 2 contracts and have a maximum add of 1? any thoughts is highly appreciated.