The ACD Method
- Thread starter sbrowne126
- Start date
LOL. My charts are full of shit: OR, PR, A breaks, A fades, EMAs, trendlines... In addition of conventional and custom indicators, but I don't get lost in that amount of information nor get paralysed analysing those.
For me ACD provides the better framework I've found to date to stablish a bias and find good R/R opportunities in ANY instrument, my confidence in the method removed a lot of the stress and emotions associated with trading and my performance has improved to levels I couldn't dream of at this stage.
Furthermore, ACD helped me to be able to follow more instruments and timeframes, not too long ago I only daytraded SPY or TLT, now I have a large enough basket of ETFs to pick the best setups for intraday and swing trades.
Really, I can't stress enough how ACD and this thread has helped my trading, you've to be crazy to not pay attention or fading what has been discussed here.
For me ACD provides the better framework I've found to date to stablish a bias and find good R/R opportunities in ANY instrument, my confidence in the method removed a lot of the stress and emotions associated with trading and my performance has improved to levels I couldn't dream of at this stage.
Furthermore, ACD helped me to be able to follow more instruments and timeframes, not too long ago I only daytraded SPY or TLT, now I have a large enough basket of ETFs to pick the best setups for intraday and swing trades.
Really, I can't stress enough how ACD and this thread has helped my trading, you've to be crazy to not pay attention or fading what has been discussed here.
Quote from Shanb:
Even on my charts, after you plot the OR, PR, A levels...there gets be a decent amount of lines. I don't see anything extra on your charts
Well, on your charts at least I can understand them rather quickly.
His was just a mess with colors etc; It should be clear concise easy to read if its a real method that can be taken to task
pre open 01-04-2012
Finally back in the office. Here is the overnight action in the currencies. Solid A down in the Euro.
MBC, whose charts are you referring to?
I am assuming your have read Mark Fisher book. I trade 45 minutes OR from 8.30 to 9.15. Your platform should be able to draw those with daily pivot range etc. and if you do not subscribe to mark Fisher daily commentary service ( $1800 /year) then calculate 30 days number line etc.. like most of the trades in this forum do.
My charts have normally 5-6 lines refereeing to above mentioned levels.
If you are using 5 minutes OR ( which lot of traders do), then my charts have no VALUE except to give some perspective in terms of how a trader with different OR is trading. I post 3 charts, pre open, intra day and end of day.
You must be talking about futurestrader71 charts.