ACD System

A

Achiever

I was just browsing at the local bookstore when the title of this book caught my attention. It was called: "The Logical Trader" by Mark B. Fisher.

I didn't really have a chance to read it in depth but just by skimming through it, I noticed that his technique is basically a variation of the Opening Range Breakout with some additional filters.

I'd like to hear some input from anyone who has read his book and used his strategy.
 
go to their next seminar ...

it might be free ... at least the last one was in NYC

mark is a very entertaining speaker and wealthy too


when it works ... it is a thing of beauty ...

of course I forgot to see the C up in bonds forming
the other day went short and paid the price with a daytrade
loser .

:(
 
Hello:
I learned ACD from Mark quite a long time ago. In my opinion, most traders reading this will not make money with it, because it requires discipline, and an account sufficient to trade several markets concurrently (for diversification). Also, anyone trying to use it will need to understand how periodic changes in volatility affect the size of the b/o range. I doubt that Mark would give that part of his system away. My best advice to civilians is to put the same amount of effort into researching your own breakout system. A good place to start is Toby Crabel's book "Trading With Short Term Price Patterns". Good Luck. Steve46
 
This is an addendum to my previous comment. I just went to MBF's website. I notice that they ask that you call them to get a subscription to services. I am guessing that they want clients to pay for the research regarding daily volatility as it relates to individual instruments. My recommendation remains the same as before. Regards, Steve46
 
The key is knowing which days to buy/sell the A Up/A Down and which days to fade them. For example, the last two days have been great A Downs, e.g., narrow Pivot Ranges. See attached chart.
 

Attachments

Quote from PoundTheRock:

The key is knowing which days to buy/sell the A Up/A Down and which days to fade them. For example, the last two days have been great A Downs, e.g., narrow Pivot Ranges. See attached chart.
More...

I don't recall Fisher writing anything about narrow Pivot Ranges. My impression was that you always initiate a trade once an A UP/A Down is made and stays in that range for at least half of the time frame that you're using.

I do remember him mentioning something about "Rubber Band Trades" where you'd reverse your position if it touches your A Up/A Down and then quickly snaps back to the opposite direction.
 
Quote from steve46:

Hello:
I learned ACD from Mark quite a long time ago. In my opinion, most traders reading this will not make money with it, because it requires discipline, and an account sufficient to trade several markets concurrently (for diversification). Steve46
More...

In the book, students of Fisher's methodology primarily focused on one market.
 
Quote from Achiever:



I don't recall Fisher writing anything about narrow Pivot Ranges. My impression was that you always initiate a trade once an A UP/A Down is made and stays in that range for at least half of the time frame that you're using.

I do remember him mentioning something about "Rubber Band Trades" where you'd reverse your position if it touches your A Up/A Down and then quickly snaps back to the opposite direction.
More...

Your recollection sucks. From his book: "A trading day that has a normal trading range but produces a very narrow daily pivot range for the following day usually is an indication that there will be a more volatile trading session the following day." Therein lies the key.
 
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