Usually if there are a lot of books out there on something I lose interest in it as a strategy since everyone else is doing the same thing. Most of the stuff I do has not been written a lot about. You can find countless books on pair trading and mean reversion. I guess I would start there.
The ACD Method
- Thread starter sbrowne126
- Start date
Usually if there are a lot of books out there on something I lose interest in it as a strategy since everyone else is doing the same thing. Most of the stuff I do has not been written a lot about. You can find countless books on pair trading and mean reversion. I guess I would start there.
Merry Christmas and happy holidays everyone!
There might be some pair trading books under the tree.
There might be some pair trading books under the tree.
just a comment regarding forecasting. This is easier said than done. Most of the big houses said spx would close 1370. These are firms with vast resources and they are off by quite a bit, the mkt may test 1300 again in the next month or two. Happy holidays!
http://www.forecasts.org/stpoor.htm
http://www.forecasts.org/stpoor.htm
It's an old discussion here, but just to add for any recently reading this thread- I support the Mark Fisher method. Read his book and
write down the simplest method- and like it's mentioned above use it in sim until you know it and then go onto his next level of the method.
Yes, the A-up method works, but you have to close out a losing position sooner to make it work.
And:
I use this open range method ; there is a free ebook called the:
'Trading the 10 O'Clock Bulls.'
which is similar to Mark's method. But I still suggest buying Mark's book- if it's too much of a bother to buy it- then don't trade, you're not serious enough to be a successful trader !
One bad trade would equal about 3-5 books !
Cheers,
G.
** I could not attach this ebook - file is too large (1.33mb).
* search the internet using that title in quotes above.
Mark has done a great steip in his book- he has told his method !
Not many people in this business will do that. !
write down the simplest method- and like it's mentioned above use it in sim until you know it and then go onto his next level of the method.
Yes, the A-up method works, but you have to close out a losing position sooner to make it work.
And:
I use this open range method ; there is a free ebook called the:
'Trading the 10 O'Clock Bulls.'
which is similar to Mark's method. But I still suggest buying Mark's book- if it's too much of a bother to buy it- then don't trade, you're not serious enough to be a successful trader !
One bad trade would equal about 3-5 books !
Cheers,
G.
** I could not attach this ebook - file is too large (1.33mb).
* search the internet using that title in quotes above.
Mark has done a great steip in his book- he has told his method !
Not many people in this business will do that. !
Hey All,
Happy Holidays, hope everyone is enjoying their respective time-off.
Just wanted to mention that I got Joe's book over the break. Wow, pretty amazing what he's written in there. If I had this book a year or two ago I'd have been a leg up for sure.
It's on the basic side, (good especially for newbies) but he's writing about things I've never seen in any mainstream investment book before, (i.e. moving averages, position sizing, identifying and purchasing relative strength). While these are all topics that most of us here know something about, the book will certainly be of great value to beginners.
Haven't finished it yet, but it does seem to touch on ACD, (the very ideas of buying high, relative strength, minimizing losers, maximizing winners, etc).
Mav, there are parts in the book that I swear you wrote...
Worth the read, well organized, and probably not more than a day or two by the fireplace cover to cover.
Happy Holidays, hope everyone is enjoying their respective time-off.
Just wanted to mention that I got Joe's book over the break. Wow, pretty amazing what he's written in there. If I had this book a year or two ago I'd have been a leg up for sure.
It's on the basic side, (good especially for newbies) but he's writing about things I've never seen in any mainstream investment book before, (i.e. moving averages, position sizing, identifying and purchasing relative strength). While these are all topics that most of us here know something about, the book will certainly be of great value to beginners.
Haven't finished it yet, but it does seem to touch on ACD, (the very ideas of buying high, relative strength, minimizing losers, maximizing winners, etc).
Mav, there are parts in the book that I swear you wrote...
Worth the read, well organized, and probably not more than a day or two by the fireplace cover to cover.
I know a lot of you are on vacation and not trading but the Euro is making new swing lows. This thing does not look good.
Sorry for late chart and no pre market chart. In my notes, I had 102.82-103.43 as resistance and 100 as support. As usual I let OR ( opening range ) along with Volume spikes let me guide.
