The ACD Method

Quote from mfbreakout:

Based on MF subscription service, they look at 30 days number line. They also give 12 days number line but I have been told they do not use it any more . What are the reasons for using 20 days vs 30 days number line.

So far for day trading number line has not been of much help. For example, 30 days number line for CL for last several days are

starting 09/19/2011 till 10/03.

8,14,16,13, 11,14,14,10,12,12.

looking at these 30 days number line for day trading would have put me out of business. Maybe , I am looking at them the wrong way.
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BTW, that plus 12 number line did serve you well today. The market was weak all day and CL actually confirmed an A up this morning fighting the early trend of the market.
 
Quote from Maverick74:

Actually, meant to say 30 day number line for the QTR.

You might be using the number line incorrectly. The number line doesn't tell you to get long or short, it's meant to confirm price action. It's meant to show trends that are not so obvious.

The way I use it would be let's say CL has a plus 12 number line. I would aggressively look for failed A downs to get long and good A ups above the pivot to get long. I might be hesitant to take any A downs.

Another example. Say the number line in CL is 3. And we get a good A up today, I might be inclined to not take the trade due to the choppy number line or bid only on pullbacks questioning whether or not it really has the ability to follow through.

But I would never take a stand alone trade based solely on the number line.
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Thanks maverick. Never thought about using number line to make a judgement of a good A up or A down but it makes all the sense in the world.
 
Quote from mfbreakout:

Thanks maverick. Never thought about using number line to make a judgement of a good A up or A down but it makes all the sense in the world.
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I dream often that Mark Fisher writes a follow up to "The logical trader" incorporating changes in the market since he wrote " The logical trader".
 
Quote from mfbreakout:

I dream often that Mark Fisher writes a follow up to "The logical trader" incorporating changes in the market since he wrote " The logical trader".
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Came across this on web. Author only has this much to share. Wondering if anyone else has experience with first 2 days of the month etc.. MF talks about first 2 days of the month being important reference points for rest of the month. Hopefully i don't have to study for 7,000 hours ( as author ask) to understand this (lol).


Opening Range Break Out



Defined by first two days of the month
Be wary of the pivot


1st indicator: Opening Range green lines (determines supply and demand/bias of market, defined by the first 2 days of the month

2nd indicator: Shadow pivot blue band (information taken from prior month or time period)

shadow pivot band: (high+low+close)/3 = A (high+low)/2 = B A-B= R=Differential

A+R = Top Band A-R = Lower band



Concepts: You either want to trade through pivot or against pivot. The opening range is more important though because it simply measures supply and demand. If market breaks above opening range and holds you create a long bias until the market breaks below opening range. Add a the pivot to the scenario and create tighter stops and explosive outcomes. Narrow pivot ranges relative to prior months generally result in larger moves. Most important concept is know where you will get out. This works for all markets that are liquid AND volatile in any time frame.

Spend 7,000 hours studying this and you will understand.
 
Quote from mfbreakout:

.


Came across this on web. Author only has this much to share. Wondering if anyone else has experience with first 2 days of the month etc.. MF talks about first 2 days of the month being important reference points for rest of the month. Hopefully i don't have to study for 7,000 hours ( as author ask) to understand this (lol).


Opening Range Break Out



Defined by first two days of the month
Be wary of the pivot


1st indicator: Opening Range green lines (determines supply and demand/bias of market, defined by the first 2 days of the month

2nd indicator: Shadow pivot blue band (information taken from prior month or time period)

shadow pivot band: (high+low+close)/3 = A (high+low)/2 = B A-B= R=Differential

A+R = Top Band A-R = Lower band



Concepts: You either want to trade through pivot or against pivot. The opening range is more important though because it simply measures supply and demand. If market breaks above opening range and holds you create a long bias until the market breaks below opening range. Add a the pivot to the scenario and create tighter stops and explosive outcomes. Narrow pivot ranges relative to prior months generally result in larger moves. Most important concept is know where you will get out. This works for all markets that are liquid AND volatile in any time frame.

Spend 7,000 hours studying this and you will understand.
More...

I don't know man. I've studied this for 10k hours. This guy says you can do it in 7k hours. Sounds like he is looking for a shortcut. There are no shortcuts in ACD. Ten thousands hours!!!! :)
 
Quote from mfbreakout:

.


Came across this on web. Author only has this much to share. Wondering if anyone else has experience with first 2 days of the month etc.. MF talks about first 2 days of the month being important reference points for rest of the month. Hopefully i don't have to study for 7,000 hours ( as author ask) to understand this (lol).


Opening Range Break Out



Defined by first two days of the month
Be wary of the pivot


1st indicator: Opening Range green lines (determines supply and demand/bias of market, defined by the first 2 days of the month

2nd indicator: Shadow pivot blue band (information taken from prior month or time period)

shadow pivot band: (high+low+close)/3 = A (high+low)/2 = B A-B= R=Differential

A+R = Top Band A-R = Lower band



Concepts: You either want to trade through pivot or against pivot. The opening range is more important though because it simply measures supply and demand. If market breaks above opening range and holds you create a long bias until the market breaks below opening range. Add a the pivot to the scenario and create tighter stops and explosive outcomes. Narrow pivot ranges relative to prior months generally result in larger moves. Most important concept is know where you will get out. This works for all markets that are liquid AND volatile in any time frame.

Spend 7,000 hours studying this and you will understand.
More...



Nark Fisher has following numbers for first of the month for various instruments;

pivot low pivot high

CL 77.80 78.19

HG 3.0865 3.1302

DX 79.698 79.859


GC 1644.20 1650.93
 
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