ACD System

Achiever · Jul 18, 2003

Quote from SethArb:

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 .

Any reason why you haven't incorporated his strategy into your trading plan?

Achiever · Jul 18, 2003

Quote from PoundTheRock:

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.

I stand corrected!

As I mentioned before, I merely skimmed the book to obtain the gist of it.

How do you like using his methods so far? Have you been successful lately? Do you trade multiple markets or just one? How are the drawdowns?

Achiever · Jul 18, 2003

One thing that I'm also curious about is the actual exit of a position. I understand where to place the stop losses, but as far as taking profits, is it pretty much discretionary? Or do you just exit MOC?

Achiever · Mar 17, 2004

Anyone have any comments on how to exit positions using the ACD system?

fan27 · Mar 17, 2004

Quote from Achiever:

Anyone have any comments on how to exit positions using the ACD system?

In mark fisher's presentation:

http://www.clicklive.com/NYMEX/symposium_2003/

someone asked him that very question. He says when he sees Maria Bartiroma jumping up and down on the NYSE floor so excited about the strong market, that is when he will exit a winning long. He later states that maybe when he is 80 years old living down in Florida he would have figured out when to exit winning trades.

steve46 · Mar 17, 2004

Hello everyone:
Exits based on average daily range work very well. Also depending on the market, a trader can look at the size of moves during the trading day and extrapolate from there. Its not rocket science.

CharlesTrader · Mar 25, 2004

It is interesting how the market bounced right off the 3 Day Rolling Pivot Range calculated per the book's instructions.

Charles

mbradley · Mar 25, 2004

Good book. Worth the read. Check out his lecture on the NYMEX symposium. At least you are dealing with real traders and not just vendors.

Mike

mbradley · Mar 25, 2004

Book is well worth the read. The symposium on NYMEX is good too. At the minimum, one can say that you are least dealing from traders and not just a vendor shill.

Best,

Mike

ACD System

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