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how about intraday FX market then? wouldn't that be at least slightly different since big deals still happen on interbank market? (I want to move to Switzerland!)

I know (as I'm reading through it). I forgot that you're looking at macro ACD to get extra bias for the intra day plays

you're crushing my dreams! Reading your comment about the people leaving their careers for trading, a quote from a movie "Micheal Clayton" comes to my mind, the scene at the poker table when a guy pokes at the character played by Clooney (a lawyer that decided to become a restaurant...

I don't dispute that it may work but wouldn't that create unnecessarily big OR to go from, or in other words not optimally "efficient one to use? I don't trade CL, but isn't the price of crude mostly set by the spot market? The violent moves in futures one sees during reports are likely...

sorry to refresh this old post but as I'm reading through this lengthy thread, I decided to contribute a bit by throwing in a wrench into this clever idea. Please don't take this as a criticism but rather some food for thought: The problem with using news reports, econ data etc etc for...

Maverick, I'm going to refresh the comment you made several times. Now, in light of ACD and more broadly in general sense, what makes a bad trader in your opinion? Besides lack of discipline, no willingness to do own homework, impulsiveness, impatience etc any other trails that constitute a bad...

no problem. hope you get better soon.

How do you send PM on this forum? Nowhere I can find this option. All I can do is start personal thread but that's not the same thing.

Thanks for the info Mav. The only way is to drop him a line through the forum, I tried doing that but I don't think he is around a lot these days, his last post was in Dec last year. I don't know why this forum doesn't offer sending someone an email message...bummer

No problem Mav, I've read the book and watched his seminar (which is like reciting the book with extra fun pokes at the attendees) but I admit I haven't go through entire thread, maybe 100 pages or so. The problem with the search option on this forum is that it doesn't even find this thread (!)...

There is one concept in Fisher's book that bothers me as it is somewhat contradictory to me. On one hand you are supposed to wait for the market for it to tip its hand (by either establishing Aup or Adown) to get your bias. And even if the market makes it to i.e. Aup but does not confirm...

Thanks Maverick. I must be too dumb to get it. A specific example with made up OR numbers across timeframes would help a lot. I understand that there are different ORs for different products and trading styles (though the idea of OR for "fading" with ACD method makes me go hmmm) Let's assume...

I was in insurance 20 years ago for brief time, hated it so decided to do something else. Because I'm a very little part of this universe, I admit openly there must be things I have no idea about. Hence I said I'm open to hear from you specific examples. If you're not aware of any such...

There is a difference between being consistent (consistently using values for each timeframe) and using consistently the same value across timeframes. So to make sure I understand: are you advocating for using the very same OR across intraday, weekly, monthly, are you? Could you give me a good...

I understand. The problem with these though, is that market moves around 250 days a year and these big events happen rarely. Also, you never know how things are going to play out, you can only listen to what the market is telling you to do. best of luck to you

Maverick74, Somehow I just missed what you guys typically use for weekly and monthly ACD opening ranges? Is it entire first day of the week/month respectively or entire first day for the weekly and entire first week for the monthly? Also, when you spoke of "confirmed" weekly or monthly (i.e...

Hi Mav. Thanks for a huge contribution on ACD method. I just missed what you guys typically use for weekly and monthly ORs. Is that entire first day of the week/month respectively? Also when you spoke of "confirmed" weekly or monthly (i.e. following week "confirmed" monthly Aup...) did you mean...

You either get it (one day) or you don't, it's as simple as that. So inferring or saying, lets agree that we disagree and move on.

I don't doubt that you made a right choice for yourself, but it's not what this is about. at one point you are comparing trading job to other jobs at another point you are comparing trading returns (income) to investment returns (income) this is not about either one, it is not about what...

actually nothing you said so far makes sense, so definitely I'm not proving your point, I don't even think you made one. edit: perhaps what you say makes sense to you, but not me, so let's agree that we disagree. I tried to pass some of my most important observations in my life, but I can't...