The ACD Method

Quote from kinggyppo:

Let me just say that Mark Fisher is the real fu&*in deal, this is so rare in trading I can't describe it in words.He is an excellent teacher and communicator. I honestly wouldn't have spent 5 minutes on ACD except that when I saw him speak I knew this was a real guru in terms of the mindset necessary in trading, if there ever was one. There are some competent and even a few great traders that frequent et. That said most are unapproachable mainly due to the anonymous nature of the board. For example, I pm'd a trader named wave back when the credit crisis was unfolding, I asked him where he thought the mkt (spuz)were headed he said 750, that was when the mkt was around 1150. Just one of many examples. Alot of guys have left due to the constant trolling that goes on here. Everyone's time is valuable and these type of guys especially. I know Mav has a very thick skin due to his being here so long. The thread below has saved me a ton and I mean a ton of money, good trading.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=53037
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I agree with all the points that people post here. Especially Maverick. I get it. I just want to talk about metrics. That is what matters.

Just want to point to over zelous people, that if your trading CL for example and the volatility is very high he may be making money regardless, what to really ask is what are the metrics. If you trade and make .50 cents in a 5.00 market move, what risk did you take to make that money ? That is what I wnt to point to.

Also, if you follow 1 -2 commodities and the volatility get low, very likley that he.she wont make money anytime soon. And unless you have a lot $ AUM, your going to have to live on cash. With this method per Mav. you have to be in front of the markets to execute, cant program them. If you stray from the 1-2 commodities you got used to and have to learn some mean reverting pos like ES, you may be in for a lot of pain "whil you learn nuances"



Thanks
 
Quote from pwrtrdr:

I agree with all the points that people post here. Especially Maverick. I get it. I just want to talk about metrics. That is what matters.

Just want to point to over zelous people, that if your trading CL for example and the volatility is very high he may be making money regardless, what to really ask is what are the metrics. If you trade and make .50 cents in a 5.00 market move, what risk did you take to make that money ? That is what I wnt to point to.

Also, if you follow 1 -2 commodities and the volatility get low, very likley that he.she wont make money anytime soon. And unless you have a lot $ AUM, your going to have to live on cash. With this method per Mav. you have to be in front of the markets to execute, cant program them. If you stray from the 1-2 commodities you got used to and have to learn some mean reverting pos like ES, you may be in for a lot of pain "whil you learn nuances"



Thanks
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Agreed 100%.

On a separate note, Per Mark Fisher indices like ES, YM etc.. are hardest instruments to trade due to their rotational nature with ACD method- at least for day trading. ACD is a breakout method and day trading ES etc. for breakouts is full of surprises to say the least.

Some traders seems to have lot of success using Volume/Market Profile to get clues into day trading ES etc..
 
Quote from pwrtrdr:

I agree with all the points that people post here. Especially Maverick. I get it. I just want to talk about metrics. That is what matters.

Just want to point to over zelous people, that if your trading CL for example and the volatility is very high he may be making money regardless, what to really ask is what are the metrics. If you trade and make .50 cents in a 5.00 market move, what risk did you take to make that money ? That is what I wnt to point to.

Also, if you follow 1 -2 commodities and the volatility get low, very likley that he.she wont make money anytime soon. And unless you have a lot $ AUM, your going to have to live on cash. With this method per Mav. you have to be in front of the markets to execute, cant program them. If you stray from the 1-2 commodities you got used to and have to learn some mean reverting pos like ES, you may be in for a lot of pain "whil you learn nuances"



Thanks
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when you say metrics I assume you mean how profitable a system is? if you could be more specific, it sounds like you are saying that traders are profitable due to vol. I can tell you that I have been trading 60 minute charts with scalps on the lower time frames. If you eyeball spy on a 60 minute frame you will see what I mean. Let me ask you whether you think someone should trade a system vs discretionary, there are pros and cons to both, I think a grey box can be profitable, there are times when you can override the system. It also has to do with the type of trading, product selection, etc.
 
Quote from kinggyppo:

when you say metrics I assume you mean how profitable a system is? if you could be more specific, it sounds like you are saying that traders are profitable due to vol. I can tell you that I have been trading 60 minute charts with scalps on the lower time frames. If you eyeball spy on a 60 minute frame you will see what I mean. Let me ask you whether you think someone should trade a system vs discretionary, there are pros and cons to both, I think a grey box can be profitable, there are times when you can override the system. It also has to do with the type of trading, product selection, etc.
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Hi,

Which you choose is what is best for trader.

I am gettign at, discretion often overlooks what the risk reward actually is on each trade.

I was not aware of any scalping opportunities in SPY because I assume people with faster connections and or floor locations will out do me!
 
Market keeps testing lower end of pivot range after making an a-down.
It failed right at Mav's monthly/qtr level as well
 
Quote from Shanb:

Market keeps testing lower end of pivot range after making an a-down.
It failed right at Mav's monthly/qtr level as well
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Yup, that played out almost to the tick. Bonds also bounced off their monthly to the tick.
 
Quote from pwrtrdr:

Hi,

Which you choose is what is best for trader.

I am gettign at, discretion often overlooks what the risk reward actually is on each trade.

I was not aware of any scalping opportunities in SPY because I assume people with faster connections and or floor locations will out do me!
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I will just say that one timeframe may be profitable/trending while another frame gets you killed. I have never been able to solve this riddle, it really depends on how the mkt is swinging I guess, nothing beats a good entry though. The high frequency thing presupposes that these guys know where the mkt is headed next they don't. Their term for losing is adverse selection. Most of the time they do well because the mkt chops back and forth a few ticks. There is a lot of mythology in trading, I mean cmon how smart were the LTCM crowd, they still had a flawed trading premise and got their asses handed to them. :)
 
Quote from Maverick74:

Yup, that played out almost to the tick. Bonds also bounced off their monthly to the tick.
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Yup, they pushed down the SPY into the close last week even though it was a low vol day(holiday). Lets see what happens here
 
BTW, copper also failed at the monthly A up as did coca. The US dollar failed right at the monthly A down. Everything seems to be moving together lockstep.
 
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