A month of GBP/JPY through the eyes of ACD Methodology Mark Fishers ACD Methodology from The Logical Trader
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Monday Jan 14th 2008: 3am - 3am EST
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Comments for Jan 14th 2008:
I plotted the Central Pivot Point (CPP) which was way above price action of the day, which not uncommon as both a C-Down day yesterday and a failure to breach the Pivot yesterday are both Bearish signals. Looking back at today price action reflected the sentiment.
Could the system have made you money today?:
The market opening was a little muted as the market was waiting
for some news, I therefore extended the opening period to compensate.
Price action quickly attained an A-Down and subsequently failed
for most of the US session to break back into the opening range.
Asian open and Japan back from a holiday saw price break back
down below the A-Down and break C-Down for the second time for
the London open and a new trading day for me.
1. A-Down Day, C-Down day Presented trades both early in the North American session and also early in the Asian session.
2. A-Down, C-Down ACD system trade signals. Bias continues to be down.
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