ACD--Is it the Method to The Madness?

Interesting thread, I will revive it.

Fisher has the 5th symposium coming up in October. 10th-11th. Gartman, Bolling and Najarian will guest speak. Includes ACD, et al.

If anyone goes, please share (well, what you can).
 
Quote from satchel:

Interesting thread, I will revive it.
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We'll I'll reply then. I'm still using the modified ACD system (read marks book 3 times). Which we coined "Max Span" and it's profitable 13 days out of 14. And has caught some 100 pt winners. Break outs aren't going to stop working if their are trend days. And if for some reason they do I'll stop using the system. So far his work is profitable on the YM in 2006 (10-12), 2007 and 2008.
Maybe when 2020 comes and its still profitable I'll post a follow up and some of you can consider trading break outs then :)

Cajun
 
Perhaps I am unduly biased, but breakout methods strike me as a rather expensive way to trade, particularly when it comes to the indexes.
 
Floor traders make money by exploiting the bid-offer spread, being able to front-run institutional order flow, and reacting quicker than off-floor traders. That's it, pretty much, for almost all of them. The majority of floor traders become net losers once they go off the floor.

ACD is basically worthless IMO for any off-floor trader. It's also a cypher for floor traders. Just be on the bid in strong markets, and on the offer in weak ones. Fade sentiment extremes once stops get triggered. Know when a market order is almost done, then fade the order. That's pretty much it.
 
Quote from ElatedMaverick:

If Mark makes any money from acd methodology it means about as much to him as Coke's revenue from licensing it's trademarks to toy manufacturers. It's worth more to him as seminar material and getting his name out there for the recruitment of traders to his clearinghouse. That may be less true or important now as the floor fades away.
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Agree 100%.

If someone had a money machine trading method, they would trade it for billions at a hedge fund, not sell it to retail traders at seminars, or spend their time running a clearing firm.

ACD is a marketing tool, pure and simple.

Now I do think that Fischer has some good overall trading advice e.g. know where you are wrong. However, it is misleading for anyone to pretend that simply using the ACD method is going to give them any kind of edge. It's akin to Paul Tudor Jones recommending Elliot Wave.
 
Quote from Thunderdog:

Perhaps I am unduly biased, but breakout methods strike me as a rather expensive way to trade, particularly when it comes to the indexes.
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Hi Tdog, why expensive? Do you mean risk/reward is not as good as other methods? Or, do mean the win/loss ratio is too small? Why expensive?
 
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