Pure price action , alongside Some hard statistics with addition to some sentiment reading and also few Acd indicators based upon market internals . this is few things I gather , I'm sure he also keep an eye on high impact news and sudden shock events all possible game changing things . I wouldn't use the term technical more data analyst/ quant stuff from what I gather , I could be wrong.
The ACD Method
- Thread starter sbrowne126
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Actually both Mark Fisher and Maverick emphasize reading a lot of news and other articles all the time. Not just the short-term stuff like FOMC and API etc but also news no one else pays attention to (Fisher liked the site debka.com for its coverage of Middle East stuff, Mav talked about how he used to pick the stocks no one else was looking at just before they made a huge move by looking at the news), and also the bigger term macro picture (in Fisher's seminar the SARS thing was going on and he asked participants to think about how that would affect oil and the economy.
So ACD really isn't a TA system just used like that -- it tracks volatility levels very well in relation to news which is where the whole good news, bad action thing comes in too. I noticed for example that even on short term events, the short-term movement often stops at the levels ACD gives me. Longer-term it might or might not follow the same direction.
So ACD really isn't a TA system just used like that -- it tracks volatility levels very well in relation to news which is where the whole good news, bad action thing comes in too. I noticed for example that even on short term events, the short-term movement often stops at the levels ACD gives me. Longer-term it might or might not follow the same direction.
Quantitative and fundamental.
Ask any experienced technical analyst or fx veteran trader how many of the hundreds of indicators they use on a regular basis and invariably you will hear the same response. Every one of them has a favorite short list of four or five that will depend on the type of trading activity in which they engage. But they all rely heavily on trend analysis for that is the foundation of technical analysis.
Not on this thread. LOL.
I don't think technical indicators can give you any edge. In fact I think technical indicators are garbage.
Except maybe stuff like average range, but I'd classify it under "market statistics" category, similarly to things like "what % of the time high or low of the day is made within first 20 mins".
I think the edge lies in the fundamentals, just what Maverick mentioned above.
Mark Fisher says in one of his symposiums: it should be "your stuff plus ACD". "Your stuff" meaning your own market analysis, presumably based on some external fundamental outlook (e.g. "what's your view on energy markets?"). ACD is used as a filter for trade entry (e.g. "don't enter long position if A down was made").
Except maybe stuff like average range, but I'd classify it under "market statistics" category, similarly to things like "what % of the time high or low of the day is made within first 20 mins".
I think the edge lies in the fundamentals, just what Maverick mentioned above.
Mark Fisher says in one of his symposiums: it should be "your stuff plus ACD". "Your stuff" meaning your own market analysis, presumably based on some external fundamental outlook (e.g. "what's your view on energy markets?"). ACD is used as a filter for trade entry (e.g. "don't enter long position if A down was made").
Would anyone like to hazard a guess for the number line score on this chart? The OR is the green box and A and C values are 8 and 12 ticks respectively.
You can see we make a good A down early on then market recovers and later makes a good C up. We then cross back through the OR going neutral before recovering and closing above the OR. Not sure if its a zero score or perhaps even a +4 as the C up occured after the A down and mkt closed above the OR.
You can see we make a good A down early on then market recovers and later makes a good C up. We then cross back through the OR going neutral before recovering and closing above the OR. Not sure if its a zero score or perhaps even a +4 as the C up occured after the A down and mkt closed above the OR.
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Looks like some storm clouds in the area. I predict a 30% chance of rain.
If going strictly by the book, it's +4.