New highs in SPY. Its unbelievable how precisely The Scenario plays out so far
dividend adjusted or something?
The ACD Method
- Thread starter sbrowne126
- Start date
dividend adjusted or something?
Yeah I see I was misleading, I didn't mean new all time highs... but its not that far either
A question, if I may, for Mav, Robert, and/or any other proficient practitioner of the ACD method: If a friend or family member asked you for advice on a creating a plan to learn the ACD method that was both effective and efficient, what would you recommend?
I trade the ES intra-day. While attempting to add longer term trades in markets other than stock indices to my trading (trades lasting several days to several weeks), I am finding I sorely miss a few aids I lean on intra-day that do not have equivalents inter-day.
Although my current knowledge of ACD is quite superficial, my thought is that becoming adept at the method might allow me to use ACD as a filter to identify markets that are showing continuing underlying strength/weakness and also allow me to develop something to lean on for longer term trades e.g. long term number lines or long term A ups/downs and failed A ups/downs…things I could use in conjunction with my current method.
I plan to use Fisher’s book as a textbook for learning the basics and then using this thread for implementation examples and ideas. Is there a different approach to learning the ACD method you would recommend?
-river
I trade the ES intra-day. While attempting to add longer term trades in markets other than stock indices to my trading (trades lasting several days to several weeks), I am finding I sorely miss a few aids I lean on intra-day that do not have equivalents inter-day.
Although my current knowledge of ACD is quite superficial, my thought is that becoming adept at the method might allow me to use ACD as a filter to identify markets that are showing continuing underlying strength/weakness and also allow me to develop something to lean on for longer term trades e.g. long term number lines or long term A ups/downs and failed A ups/downs…things I could use in conjunction with my current method.
I plan to use Fisher’s book as a textbook for learning the basics and then using this thread for implementation examples and ideas. Is there a different approach to learning the ACD method you would recommend?
-river
Honestly I would spend a great deal of time reading this thread. Especially the early stuff. There were some great questions asked over the years that were addressed on here that I think will help you nicely.
Nice pop for RRC
Nice call on the pop DT3.
Now ... it’ll be interesting to watch and see if it can make it past:
1. A well established 4 touch resistance line, with today’s high hitting it.
2. A well established falling 5 touch 50 day EMA with today’s high hitting it.
3. The Monthly A Up cutting through it at 34.35
4. A weak gap up today that doesn’t exhibit much “Gap-N-Go” appearance; and
5. The fact that last Thursday it had another 52 week low and that makes over a dozen since mid July (you can see the signals at the bottom of the chart).
It will be interesting
Attachments
Nice call on the pop DT3.
Now ... it’ll be interesting to watch and see if it can make it past:
1. A well established 4 touch resistance line, with today’s high hitting it.
2. A well established falling 5 touch 50 day EMA with today’s high hitting it.
3. The Monthly A Up cutting through it at 34.35
4. A weak gap up today that doesn’t exhibit much “Gap-N-Go” appearance; and
5. The fact that last Thursday it had another 52 week low and that makes over a dozen since mid July (you can see the signals at the bottom of the chart).
It will be interesting
OK Debbie Downer.
Robert,
EMA, and channel lines are useless. Think about it for a second if there is a buyer in this stock that thinks its undervalued are they going to say hey wait a second it's close to its EMA maybe we should stop buying? No if they think the stock is worth $50 (hypothetical) they're going to build their position. Same thing with channel lines you're being fooled by randomness and human nature that wants to see patterns in charts. I've done a ton of work on this stuff and it's all useless. The only thing I've found to work is psychological round numbers that act as support/resistance. This has been my experience when it comes to stocks maybe others can share their thoughts when it comes to futures/fx
EMA, and channel lines are useless. Think about it for a second if there is a buyer in this stock that thinks its undervalued are they going to say hey wait a second it's close to its EMA maybe we should stop buying? No if they think the stock is worth $50 (hypothetical) they're going to build their position. Same thing with channel lines you're being fooled by randomness and human nature that wants to see patterns in charts. I've done a ton of work on this stuff and it's all useless. The only thing I've found to work is psychological round numbers that act as support/resistance. This has been my experience when it comes to stocks maybe others can share their thoughts when it comes to futures/fx