Another example albeit over a slightly longer time frame was AAPL. The whole world was expecting AAPL to tank when Steve Jobs finally stepped down. Then when he did the stock barely budged. Everyone was caught short. Now the stock is at all time highs. Such an easy tell.
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The ACD Method
- Thread starter sbrowne126
- Start date
Another example albeit over a slightly longer time frame was AAPL. The whole world was expecting AAPL to tank when Steve Jobs finally stepped down. Then when he did the stock barely budged. Everyone was caught short. Now the stock is at all time highs. Such an easy tell.
Quote from mfbreakout:
e-mini respected set ups. long 1195 stop loss 1193. out 1208.
/es set ups played out all day longs.
http://www.screencast.com/t/qzUJSd31P0wG
Quote from mfbreakout:
/es set ups played out all day longs.
http://www.screencast.com/t/qzUJSd31P0wG
Looks like we may get something here late day in the SPY.
Quote from mfbreakout:
/es set ups played out all day longs.
http://www.screencast.com/t/qzUJSd31P0wG
For us visual learners, these really help. It's not a matter of being lazy or not doing the work, but some of us learn much better w/ visuals so thank you.
NQ failed at the monthly A up on a wick. Nice.
Edit: just noticed that was my 10,000th post!
I was going to stop posting when I got to 10k. Damn.
Edit: just noticed that was my 10,000th post!
I was going to stop posting when I got to 10k. Damn.
Quote from mfbreakout:
/es set ups played out all day longs.
http://www.screencast.com/t/qzUJSd31P0wG
/es after dxy caught a bid.
http://www.screencast.com/t/vzRnz4Jj
Quote from mdl060374:
One of the themes Fisher seems to always be going back to (especially in his videos) is taking advantage of people that are "trapped."
He especially goes into detail in the 3rd video when he describes reversals.
The movie theatre scenario, etc. He mentioned a top trader(At Tudor I believe) that all he looks for his bad news/good action and good news/bad action, each morning.
Can anyone here elaborate on their experience on these presenting the best scenarios for ACD trading?
It seems like anticpating and looking for gap plays in the opposing direction of the short term trend, might be a strong candidates for ACD intraday trades.
For me the a late day C up or C down really personify what Mark Fisher is trying to convey as people being trapped in a movie theater which is caught on fire. MF calls these set ups once in a BLUE MOON trades and i have only seen these set ups 6 or so times in crude oil over last 9 months.