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Can you explain more about it? I read the book but I don't get how to calculate the ACD values.

I like your thought process, you're really thinking this through and that's great. You cite a very good reason for trading 6B. I know a trader who traded 6B for the same reason. Nothing wrong with it, I think 6B is a very good choice for behaving normally and having good liquidity. At your...

Your question about flattening or not, your trading plan will answer that for you. You must do a lot of research to define your setups and when you will enter & exit. To flatten or not would mainly be an issue if you are entering and holding until the end of the day or the next day. In that...

Whether you flatten or not depends on your strategy. If you have a strategy to profit from an overnight hold then by all means hold it overnight. :) As for the liquid futures, 6E is the most liquid. I would suggest sticking to 6E before attempting the others, you might not even need them.

Thanks Wallace. Very useful information there. I don't like a bunch of leverage so I'm quite happy with futures especially for daytrading. I would like to trade a non-major pair like Euro/JPY but for now I'm quite busy with the Euro. ;)

What's the worst thing that could possibly happen? My stop would get it. Well that happens every day so it's no big deal.

For forex I'm worried about the spread. I see some quote a spread of 0.8 for Euro. But in reality I hear people complaining about spreads of 2-3 pips. that's way too much. With futures the spread is 1 pip. I don't use all my leverage so that'll never be a problem. Not sure for rollover...

Don't know what order book is but I'm looking at the DOM. Right now there is around 30 at bid & ask. A few minutes 13 at ask. So I'm betting 10 contracts during a low volume time like lunch would give 1 tick slippage. 1 tick above ask is 67 even right now during the lunch break. So it seems...

So what you're saying is trading 10 contracts is not going to have any slippage?

I enter on a stop market around swing highs & lows, would that change anything? I'd think it'd add to slippage cause price often breaks out quickly. I'm currently trading 6E on simulator so I really have no idea if I'll get slippage. If it's only 1 tick that's ok. I read about forex...

Did anyone ever answer this? I skipped all the other off-topic posts.

Gold was at 880 in 87 and fell down to 420.

Looks like there is a lot of supply here. Price is stuck on very high volume. I smell a false breakout..

I'm not impressed with the volume so far, so I'm thinking the market is heading lower. If we break out of the broadening tip I think it will be from a correction of 50% of the last leg up which would be around 935.

I've read that it doesn't work so well with ES. :) I already trade an ES system every day so it'd be very easy for me to do ACD with ES and save me from adding another market. Thanks for the suggestion.

Could you point it out? I couldn't find it in 1982. http://stockcharts.com/h-sc/ui?s=$SPX&p=D&st=1982-01-01&en=1985-01-01&id=p80988904872&a=159169357

I forgot to ask, what which commodity which you recommend for learning ACD?

Thanks for your reply. My plan is when I get back from vacation next week to start acd using simulator of course. I already day trade ES but I only get a few trades a day so I was thinking I'd have enough time to monitor CL. I was using 5 minutes for my OR which I read in the appendix of...

Hi Dirkd, thanks for sharing your experience with ACD. It's good to get a confirmation from someone using it. I just finished the book and there are a lot of layers. I wrote a simple indicator to plot the ACD values on my chart. If you're trading CL, would you mind sharing your current...

I don't see how this could work with a broker. You pretty much have to watch it, I don't see how someone could do that while maintaining other accounts. Get yourself an account at IB and paper trade it for a month and see how you do.