This will be an ongoing project pulling excerpts from
THIS THREAD. Most of it is taken from Maverick74 but a few others contributed as well.
I'm sure ACD is old news to most of you but I've never heard of Fisher or his methods until just recently. What I found interesting was how similar this was to something I was developing myself to trade CL breakouts, (I was using a wedge based on opening price range).
I am really liking this Mark Fisher guy...the info he presents speaks more to me than anything I have seen from a Volman or Brooks. IDK maybe some of the OGs will chime in about how much of a hack he is (like usual) but a lot of what i'm seeing in his book and the videos just feels right.
I will say this right off the bat...pure ACD looks to me like it will suffer the same issues of any ORB system...you're going to get stopped out a lot. Supposedly MF himself said if you just strictly follow the ABCD levels you will be a net loser...YOU STILL HAVE TO BECOME A GOOD TRADER. This is not some magic that is going to make a bad trader profitable.
Essentially, ACD looks to me like training wheels for price action. Levels are provided to lean on for risk management firstly...and force you into moves that potentially have some follow though. Some other stuff: The Importance of time over price (time stops to avoid the "bus People" crowding your trade, price needing to spend a certain amount of time above/below A/C levels to enter), capitalizing on trapped traders looking for an exit, etc...good basic concepts.
Here is a video series of Fisher giving a seminar about ACD:
as usual all commentary is welcome both positive and negative, hateful or otherwise idc. Would love to see some more recent info specifically about this method...Mark hinted in an interview that he was writing a second book but who knows.