The ACD Method

[kinggyppo]

Shan b here is a spreadsheet with the pivot range values going back to 2005. Please check my math as I am no programmer .

The pivot range according to Fisher would be as follows:

Bidu for 10/11/11

"pivot = (h+l+c)/3 = (127.54+119.48+124.54)/3 = 123.85
second number: (h+l)/2 = (127.54+119.48)/2 = 123.51
daily pivot differential: 123.85 - 123.51 = 0.34
daily pivot range:
pivot + differential = 123.85 + 0.34 = 124.19
pivot - differential = 123.85 - 0.34 = 123.51

So I come up with the range 123.51 to 124.19."

my values match here so for tomorrow the pivot range for
Bidu is 128.31 to 126.

 

[Shanb]

Quote from baggerlord:

ShanB I get the impression from the ACD book that Mark Fischer is not daytrading like you. It seems like he is trying to catch the big swings holding for anywhere from 1 day to weeks + and for that the 30 min looks pretty good.

One of the guys in his book uses a 1 min range. I wonder if that was only on the 1st minute of the day or if he picks other 1 minute periods to trade throught the day as well.

Check out those videos I sent you...he does some live trading at the end. He does daytrade, from what I saw in the videos! IMO you need to use ACD to fit your approach. If I'm trading stocks with catalysts and there is a clear show of strength or weakness(good news/ bad action) then I might want to use a smaller OR. 20 minutes works pretty good in the SPY/ES. Check today out, perfect failed A-up in the first hour or so of the day!

 

[Shanb]

Quote from kinggyppo:

Shan b here is a spreadsheet with the pivot range values going back to 2005. Please check my math as I am no programmer .

The pivot range according to Fisher would be as follows:

Bidu for 10/11/11

"pivot = (h+l+c)/3 = (127.54+119.48+124.54)/3 = 123.85
second number: (h+l)/2 = (127.54+119.48)/2 = 123.51
daily pivot differential: 123.85 - 123.51 = 0.34
daily pivot range:
pivot + differential = 123.85 + 0.34 = 124.19
pivot - differential = 123.85 - 0.34 = 123.51

So I come up with the range 123.51 to 124.19."

my values match here so for tomorrow the pivot range for
Bidu is 128.31 to 126.

I think your looking for flip! lol Thanks for the spreedsheet tho

 

[RCG Trader]

Quote from Maverick74:

Noooooooooooooo! I want that beer. Don't duck out of this. I'll invite Shan. We've already shared a few beers. He's a nice kid. Prop trader and martial arts expert. He can protect you.

Let's do this. Tell me when. Damn it RCG, even Don Bright has had a beer with me!

No worries, you will get that beer Mr. Hedgie, I just gotta find the time. I work two full time jobs you know.

Edit: I presume you do run a hedge fund, no?

 

[flip]

Quote from kinggyppo:

Shan b here is a spreadsheet with the pivot range values going back to 2005. Please check my math as I am no programmer .

The pivot range according to Fisher would be as follows:

Bidu for 10/11/11

"pivot = (h+l+c)/3 = (127.54+119.48+124.54)/3 = 123.85
second number: (h+l)/2 = (127.54+119.48)/2 = 123.51
daily pivot differential: 123.85 - 123.51 = 0.34
daily pivot range:
pivot + differential = 123.85 + 0.34 = 124.19
pivot - differential = 123.85 - 0.34 = 123.51

So I come up with the range 123.51 to 124.19."

my values match here so for tomorrow the pivot range for
Bidu is 128.31 to 126.

thanks for the explanation and the chart kinggyppo, and regardless of the exact numbers it was a nice trade!

 

[kinggyppo]

putting stop on bidu at 131

 

[kinggyppo]

Quote from kinggyppo:

putting stop on bidu at 131

stop 132

 

[kinggyppo]

watching aapl here for a possible scalp short been a moonshot from 354. stopped on bidu

 

[kinggyppo]

short aapl 408 stop 410

 

[Quon]

Funny that Mav posted the bit about the first hour pivot high just yesterday. I actually decided to re-read the book again over the weekend, and I can't believe how stupid I've been with this stuff.

Seems like every time I read it, (and Lou mentioned this in the recording MFbreakout provided us with) I think, god, how the heck did I miss this concept last time.

I think the key here is don't over-trade,(duh, how many people have posted this before). Don't get blown-out. Hang in there. Be patient, and eventually you'll learn enough to start making more profitable trades than loosing ones.

It's like even though I know it's not magic I have to wake up each morning, stare in the mirror and tell myself, "hey idiot, it's not magic, don't be stupid today." That method actually seems to be working so far... hahaha