The ACD Method

Quote from Maverick74:

X continues to march towards my end of year target Captain.
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I know, I know. They don't call me Mr. Take Profits too early for nothing. I guess that's why you do what you do for a living and what I do as a hobby. You're the pro. I'm just gazing through the window.
 
Quote from CaptainObvious:

I know, I know. They don't call me Mr. Take Profits too early for nothing. I guess that's why you do what you do for a living and what I do as a hobby. You're the pro. I'm just gazing through the window.
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I also tend to take my profits early....lol
 
Might actually get a negative 30 day confirm in Dollar Yen tomorrow. That would be the first time in a long while.

Also, Bonds are confirming. That's one of those trades where it pains me to a see a confirm and takes absolute discipline to execute it. TBT already confirmed for me back on 9/30.
 
Quote from Maverick74:

Might actually get a negative 30 day confirm in Dollar Yen tomorrow. That would be the first time in a long while.

Also, Bonds are confirming. That's one of those trades where it pains me to a see a confirm and takes absolute discipline to execute it. TBT already confirmed for me back on 9/30.
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interesting.. your saying TBT confirmed short..
 
Quote from Maverick74:

I really can't go into details as I have too much intellectual property invested in it. I will say that anyone has has traded long enough will understand the exogenous variables (inputs) needed to go into the number line to increase it's accuracy. The output (effect) results are earlier signals are generated. I should note that not only did I change the "scoring" of the daily values but
I added a 2nd derivative to the number line itself.

As I've mentioned many times, with enough screen time you will understand the limitations of what's given and how to optimize those limitations. Some points I can add here are the importance of collecting data. Every one of you guys should be storing data in every imaginable form. Even if you are not going to use it now, perhaps in the future you will want to reference it. It makes data analysis 100 times easier when you have the raw data saved and you only have to go back to manipulate it vs going back in time and going through the laborious process of getting it day by day and product by product.

I put that part in bold to truly emphasize the importance of this. For those of you concerned about labor costs (your investment in time), you need to make a point to maximize your efficiency in your research. This means become more efficient at collecting data, storing it, accessing it, and try to create functions that reference previous functions to make calculations easier. In simple parlance, don't use a hammer to cut down a tree.

I know to many of you reading my posts you will be discouraged by the amount of work I have laid out before you here. Trust me when I say this, there is NOBODY that is going to make consistent long term profits in the market WITHOUT doing this kind of work. And anyone who tells you different is probably trying to sell you something.
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Mav, how dos your working day look like related to time spent ?

How much is spent on collecting ACD stat, managing position, entry, exit, news ?

Any intraday trading ?

Anything else ?
 
Quote from toolazy:

Mav, how dos your working day look like related to time spent ?

How much is spent on collecting ACD stat, managing position, entry, exit, news ?

Any intraday trading ?

Anything else ?
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Honestly, 90% of my time is spent on spreadsheets. I hardly look at my positions. I know where my outs are...and HONOR them. I spend so much time collecting data, organizing it, analyzing it and then from time to time I'll come up with new ideas and dip into the old data and see if there is anything there. I come up with new ideas all the time. But very little time actually pushing buy and sell buttons. It's interesting, some guys get the adrenaline rush from trading and being active, I get a much bigger rush when I have ideas and I see those ideas come to life. When I find patterns that are robust, I get far more satisfaction then closing out a big winning trade.
 
Quote from Maverick74:

Honestly, 90% of my time is spent on spreadsheets. I hardly look at my positions. I know where my outs are...and HONOR them.


For everything I have gotten out of this thread, that really takes the cake in three short sentences, especially the first about 90% spreadsheets. Thanks a ton. As a confession, I bet my numbers are inverse with 10% spreadsheets and 90% watching markets/postions. The watching has become an enormous source of irritation for me as I know it is unproductive and I am actively trying to redirect my time. Again, thanks.

As long as I am dropping in for a visit, what is the average duration of your trades?
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Quote from OneFive:

Quote from Maverick74:

Honestly, 90% of my time is spent on spreadsheets. I hardly look at my positions. I know where my outs are...and HONOR them.


For everything I have gotten out of this thread, that really takes the cake in three short sentences, especially the first about 90% spreadsheets. Thanks a ton. As a confession, I bet my numbers are inverse with 10% spreadsheets and 90% watching markets/postions. The watching has become an enormous source of irritation for me as I know it is unproductive and I am actively trying to redirect my time. Again, thanks.

As long as I am dropping in for a visit, what is the average duration of your trades?
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I would say 4 to 6 weeks if they are working. Maybe 3 to 5 days if they are not.
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Quote from Maverick74:

All my FX data is based on the London hours for comparability purposes.
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Mav have you ever looked at energies the same way...all off of Brent hours for comparability purposes?
 
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