The ACD Method

Quote from RCG Trader:

Nice work Mav, thanks. Been staring at the CHF pairs for a bit now trying to figure if the ECB intervention is going to work. It seems to be holding. Wow, I was gone from ET for few days and look what I missed:D
More...

Don't over think things RCG. Just follow your ACD levels.
 
Quote from Maverick74:

Don't over think things RCG. Just follow your ACD levels.
More...

That's what nice. ACD will just not allow someone to overthink. Obviously that skyscraper candle blew the pivot ranges wide open. They have retightened now. But following the rules prevents one from trading based on speculation alone.
 
Quote from RCG Trader:

Fish does confirm in the final video that most of his stops are time stops. Feeling pretty smart this morning:D
More...

Yes, Per Fish " Time is more important than price".
 
Quote from Maverick74:

I don't use monthly pivots and I'm not sure how Fish is calculating his. Generally speaking the pivots should give you the same bias as monthly A levels. If anything, they will be tighter and get you in the trade earlier.
More...

Do you find monthly A up / down helpful for day trading? You mostly day trades or swing when using monthly A up/down levels?
 
Quote from mfbreakout:

Yes, Per Fish " Time is more important than price".
More...

there is your trading system right there,hunt for a trend, enter wait for the move, if it doesn't happen lose small. Original quote by William Gann who likely stole it from someone under the button tree.
 
Quote from kinggyppo:

there is your trading system right there,hunt for a trend, enter wait for the move, if it doesn't happen lose small. Original quote by William Gann who likely stole it from someone under the button tree.
More...

Fish has so much Gann in him that it is ridiculous. Time more than price, 45 day break out, etc. This is all WD Gann.
 
Quote from Maverick74:

RCG? You have been quiet lately. How is the FX going?
More...

Busy, different hours. Different people. Just friggin busy. The FX thing goes well. ACD, as I have posted earlier allows to truly follow all of the global pairs that matter. Small losses, big wins. That is what Fish is trying to tell traders who have done homework to focus on. No tolerance for a position that does not move according to your analysis. That was an issue for me. Also, I was not following enuf pairs and so my swings in PNL were HUGE. Now, they are much smaller. I make less, but the trades are solid. I no longer need a long and short account. I did that earlier because I would get a long signal followed by a short the next day. This is consolidation, but I had no clue which way it would go because I had not developed the concept of bias. So this thread has pretty much assured that I will get to where I need to go, maybe not as fast, but I know I can never blow up. And this comes beyond the fact that Oanda allows micro accounts. It makes trading that much easier. I don't even keep my platform open all day like I used to.
 
Quote from mfbreakout:

Do you find monthly A up / down helpful for day trading? You mostly day trades or swing when using monthly A up/down levels?
More...

Sure. I filter intra-day stuff by the monthly's. Also you get many solid trades off of longer term levels. Today in crude oil we bounced off of my monthly A down at 85.00 for like the 5th time this month.
 
You must log in or register to reply here.
Back
Top