Good book

[gaj]

mark - thanks for the link to the front page, it gives me a much better idea of what the book's about. it'll stay on my list...

- bob

 

[SethArb]

would ACD have worked in cocoa recently?

 

[big_jdez]

Originally posted by Mark Conway


Great book, make sure to filter the ACD signals using a minimum historical volatility. The "A Up/Down" and "C Up/Down" signals have been spectacular lately; however, if you're trading these signals intraday on individual stocks, any spread wider than a nickel will kill your your P&L. Best to stick with the SPY and QQQ, but when they go flat... watch out.

I've been using Opening Range breakouts ( a la Toby Crabel) with some success which appears to be very similar to the ACD method. From what I 've read of the book, just skimmed the first couple of chapters, it appears to use the first 20 minutes (for stocks) high and low as pivot points from which to base stops and targets.