The ACD Method

Quote from pwrtrdr:

Can we get back on topic instead of self absorbtion....... jehshs Corzine , get over that stuff

acroynms, all the BS, people are here to learn how to make $$ what is working what is not and why
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Christ, what an ungrateful dick.

Mav's earned his place and has been doing us all a favor.

INFP here. Oddly enough, most the best traders I've sat next to have been NFs. Although not sure about some -- could get some NTs in there.
 
Quote from baggerlord.

"It can also help show if certain products are worth trading or if specific trades are worth taking. IE on SPY it shows me that breakouts from the open are worth trading if you get in at a certain point before it has moved too far."

This also works in FX. Do your homework fellas, and this will most definitely work out for you.
 
INTJ here. And a pretty extreme one. Interestingly once i had already entered the SF pipeline I learned that the majority of guys I know already SF qualified are INTJ too, even though it is only 1% of general population.

I think it is cool to find a job where certain traits are strengths whereas in most other areas of society they are considered negative traits, and maybe even a diagnosable disorder. Makes life more pleasant. :)

And Mav please write a book. You might be suprised by how much time I have spent searching and reading your posts.
 
Quote from Samsara:

Christ, what an ungrateful dick.

Mav's earned his place and has been doing us all a favor.

INFP here. Oddly enough, most the best traders I've sat next to have been NFs. Although not sure about some -- could get some NTs in there.
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+1

But I did not want to say that to him. That kind of language for me is restricted to the basement, 2nd level.

Up here I am understanding and conciliatory :D
 
Quote from Quon:

I agree that your perspective plays a key role in your trading, and understanding that willl make you a better trader, but from a strict ACD trading standpoint, (if you trade equities) take a look at CF Industries, (probably the best equity play on the grains that Mav was talking about) and I also like US Steel here, (X).

When the market pulled back slightly this week, they didn't. Both are above the monthlies that I have, but I'd be interested in seeing a little more strength out of CF first, X looks pretty good, but I need an ACD reason to get long, and don't have it just yet.
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Daily chart too gappy for me, so I switched to weekly.

Had I followed this, using ACD, first week in Oct gave me a signal using RCG, I would have put in the pivot range for that week. THEN I would switch to the daily charts. My rules would not have let me in until Oct 20th. I did not calculate the the exact A up, but price action shows me that I would be long. Also, I would need to do some studies to find out at what point price is likely to continue to move my way on the weekly charts before I entered the trade.
 
Quote from RCG Trader:

+1

But I did not want to say that to him. That kind of language for me is restricted to the basement, 2nd level.

Up here I am understanding and conciliatory :D
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Haha, true, you are quite right. P&R's the place for that.
 
Quote from baggerlord:

What is RCG?
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It is my signal generator. My system. Mav has his, Samsara has his, you have yours. I just named mine.

Edit: And every trader on here should name their signal generator. It will clarify things. MF named his method, so it can be explained. You should do the same with your signal generator.
 
Quote from baggerlord:

I don't really think it matters what I test. I picked the SPY because it and the ES are so popular to trade. All I am doing is profiling behavior. That profile should dictate ideal trading strategies. A different product would give different figures but the concept is still the same.

It can also help show if certain products are worth trading or if specific trades are worth taking. IE on SPY it shows me that breakouts from the open are worth trading if you get in at a certain point before it has moved too far. After that the RR diminishes so even if you got a clear entry signal by your method you still should probably pass on the trade. Once price has reached a certain point, which happens to be near Mark Fishers A levels the vast majority of the time, you should not trade for breakouts unless price clearly demonstrates it has strong action outside that area. (confirmed A down/up)

I think it is interesting that Maverick has suggested using a shorter OR period if one is targeting breakouts and a wider one if looking to implement a fade strategy. This is basically what the numbers have confirmed to me, but a more ideal way to approach it as far as I can tell is to simply use different distances from the open price instead of a shorter or longer OR period.

Essentialy by using a shorter OR period you are shifting the A level up closer to the smaller figure I have been discussing(.16 on the SPY), and by using a longer one it tends to move it down to the outer end of the normal distribution. I think this is purely a function of time rather than anything especially signifigant.

Again from what I have seen plotting off the opening price is remarkably close to plotting off the open range using MF figures. I'm not sure if one is better than the other aside from a computing perspective. From that angle plotting off the open would take less resources and allow one to screen many more products.
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Thanks
Interesting, I did not see a shorter OR as having a better RR for my breakout method, basically breakouts work when volatility is high enough in given instrument.

Volatility being key with respect to breakout IMO then which direction to take.

So Instrument first, Entry exits money management. What I can say is Nat Gas is not working for now, what is working I have not found yet
 
Quote from RCG Trader:

It is my signal generator. My system. Mav has his, Samsara has his, you have yours. I just named mine.

Edit: And every trader on here should name their signal generator. It will clarify things. MF named his method, so it can be explained. You should do the same with your signal generator.
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That's actually an interesting idea.

I shall name mine, Jason. Jason the swing trading system.
 
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