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I have heard anywhere from 15-25% of the time. Nuance comes into play b/c people have to agree what constitutes a "trend", but this was also hit upon in the book "Trade your way to financial freedom" by Van Tharp. I was going to bring this up, but held off until now. One conversation I heard...

This is awesome advice Maverick. I am going to look into this.

It says May on the sheet. Anyway, I found it strange that some of the cheaper stocks were listed. I agree with Maverick's earlier post about equities being a challenge with ACD. Looking at alot of them, they run up/down at the open, and then chop/retrace. There doesnt seem to be alot...

Thank you for this. Interesting to see some of the stocks that are on the list. But this list is for May? (just wanted to clarify)

thanks. I took a look when I got home, and see what you mean. Much clearer now that I look at the chart.

Well, I brought up the average OR simply as another idea for a "layer".... Fisher specifically talks in one of his videos about the value of relatively tight opening ranges, that initially look uneventful, then catch people off guard. Also. I havent heard anyone mention this (or maybe I...

Can you elaborate on this a bit? I guess the obvious answer seems to be look for the stocks to fail, and reverse, since the overall mkt is falling.. And the idea is to find people trapped long?

I am not sure if my idea is similar, but I have been toying with the idea of average opening range bands to give an indication of historical noise at the open. Whatever your time frame, just take an average of X days back, and have it plotted. I am thinking this might give an indication of...

I took it ages ago. failed the first time, and got a 70 the other time.. I suck at multiple choice test, but what I did was focus on the breakdowns of questions asked. Back then, Muni Bonds and options were huge, so the 2nd time around I knew these cold. I dont know what the study materials...

THanks Flip. Good stuff

I am curious if that has to do more with futures (contracts, etc) than equities. It seems like like some of the things he does that are time related, or bsed around time cycles, might be more accurate with futures.

THis guy is obviously a successfull trader. He knows a bunch of cool tricks, and special indicators. MOving averages and such... http://www.leadingtrader.com/09/gold-and-silver-markets-where-are-precious-metals-headed/ "If this Gold reverses, let me tell you, I am going to go long!!"

Thanks MAverick.

I also, Along with Quon am kinda curious about this. (The momentum vs mean reversion part.) Can you elaborate on what can be used to differentiate the 2, from a day traders perspective? (FWIW, Thats kinda why I posted those 2 radarscreens from awhile back on intraday behavior. (scanning for...

thanks for the insight Maverick. I am really liking these videos. They help reinforce alot of the ideas.

One of the themes Fisher seems to always be going back to (especially in his videos) is taking advantage of people that are "trapped." He especially goes into detail in the 3rd video when he describes reversals. The movie theatre scenario, etc. He mentioned a top trader(At Tudor I believe)...

I wasn't trying to imply that. By the very nature of ACD, everyones levels will be different. So there is no magical level. I thought That the value of ACD is by using the different indicators in the methodology, as sort of layers, the more that they line up, the better your chances or...

and the stocks that have a decent intraday swing, but often revert. What you find is its hard to find anything more than 50-65% of the time, but with decent risk/reward, it seems like this might have promise. I have yet to actually trade yet with this method, still taking it all in.

Well I know the ACD seems to be traditionally a trend following system, but As Maverick mentioned earlier in the thread, using wider OR, and wider ATR bands, you can use it as a fading system. As far as finding the correct stocks, this is something I am looking into. I created a simple...

I think alot of it has to do with people thinking they can make money everyday using the same strategy. The markets change, and as a result, some strategies work better in different environments. People need to learn to NOT trade, rather than overtrade when conditions arent right. But many...