one of the things people miss is that the a up or a down gives you a bias that doesn't change for that day. The basic acd is great for newer traders as it will get you long or short on trend days like today, being on the opposite side as " a deer in the headlights" is no fun, we have all been there. When the mkt gaps this much on the open you have to be thinking trend day, and if you fade it it should be with a virgin tight stop.
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The ACD Method
- Thread starter sbrowne126
- Start date
one of the things people miss is that the a up or a down gives you a bias that doesn't change for that day. The basic acd is great for newer traders as it will get you long or short on trend days like today, being on the opposite side as " a deer in the headlights" is no fun, we have all been there. When the mkt gaps this much on the open you have to be thinking trend day, and if you fade it it should be with a virgin tight stop.
Nice follow through on V today through the monthly A up.
Quote from amsterdam:
It's interesting to read that Fisher said index are hardest to trade and ACD method may not be of help.
So to the ppl who are acd advocates, what are the products you mostly use it on?
I don't believe that. Indices work as well as anything else. I post levels in here everyday and I'll be damned if they are not to the tick of intra-day highs and lows. Again, I think it's helpful if one is already a good trader when they apply ACD. If you are struggling to make money, ACD is not some holy grail that is going to fix everything.
Hi Maverick74,
You had weekly A down of 96.47, Monthly A down of 95.38 from Dec.14th. I know ,we had confirmed weekly A down. Monthly A down was breached, not sure if you had confirmed monthly A down?
Based off - 30 days number line you had, and with these longer time frame A downs, what do we make of price action of last 4 days?
Does it mean , we had failed monthly A down? What are new weekly's level. Monthly should be the same.
I think you do not day trade. How could have one used these weekly and monthly levels. I used them as potential support on the way to the down side.
Another way one could have used , when price broke above monthly level of 95.38 ( not sure where would i have placed the stop) to go long etc..
Just trying to complete the picture for day trading with weekly and monthly levels.
Thx
You had weekly A down of 96.47, Monthly A down of 95.38 from Dec.14th. I know ,we had confirmed weekly A down. Monthly A down was breached, not sure if you had confirmed monthly A down?
Based off - 30 days number line you had, and with these longer time frame A downs, what do we make of price action of last 4 days?
Does it mean , we had failed monthly A down? What are new weekly's level. Monthly should be the same.
I think you do not day trade. How could have one used these weekly and monthly levels. I used them as potential support on the way to the down side.
Another way one could have used , when price broke above monthly level of 95.38 ( not sure where would i have placed the stop) to go long etc..
Just trying to complete the picture for day trading with weekly and monthly levels.
Thx
Quote from amsterdam:
It's interesting to read that Fisher said index are hardest to trade and ACD method may not be of help.
So to the ppl who are acd advocates, what are the products you mostly use it on?
www.tradeflight.com. One can go to this site and look at which products gives a trader biggest BANG for his buck. I switched to CL a year ago after looking at the numbers.
Gold, Cl and Russell are the top three.
Disclaimer: Author of the study is a friend of mine and a MASTER trader.
mark fisher daily analysis by Global research and Investments provide 2 type of daily analysis. First analysis is generated by computer based of historical patterns. second is by Mr. Hems ( discretionary) based off his understanding of 30 years of trading experience.
thus pre market analysis is labelled 1) computer 2) Helms.
thus pre market analysis is labelled 1) computer 2) Helms.
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Quote from mfbreakout:
mark fisher daily analysis by Global research and Investments provide 2 type of daily analysis. First analysis is generated by computer based of historical patterns. second is by Mr. Hems ( discretionary) based off his understanding of 30 years of trading experience.
thus pre market analysis is labelled 1) computer 2) Helms.
On Wednesday's i use OR of 8.30 am till 9.45 am 99.25- 96.99. Some body was looking at 99.25. Short, 99.16, stop loss 99.31. cover 98.70. Thats all one can do during reports days or be long with enough buffer zone to accomodate noise.
So, based off my OR, we have a failed A down so far.