I did, obviously.
But my stance remains, it is taking shots, or taking "calculated risks", if you want to put lipstick on it.
Mav just works very hard to take the best possible shots.
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The ACD Method
- Thread starter sbrowne126
- Start date
I did, obviously.
But my stance remains, it is taking shots, or taking "calculated risks", if you want to put lipstick on it.
Mav just works very hard to take the best possible shots.
Quote from mfbreakout:
Thanks. What do you mostly trade, futures on indicies, stocks, etf's etc.. ?
most of my experience is with day trading index futures. am focusing on ETF's now. would like to explore spread trading (non-mean reversion) and specific individual stocks at some point.
We had a failed monthly A up in Gold over night at 1622. That puts the 1500 level back in play again.
Attached a bund future (FGBL) trade from today morning.
I got the direction right, but was stopped out nevertheless.
Market advanced through the pivot range (shaded in gray) and through the A up (green line), long entry @ 138.21. Price went up a bit further and paused afterwards. According to Fishers time stop rule, I should have maybe exited the trade here for a small loss. I stayed in the trade until a 5min bar closed below the A up, long exit @ 138.12.
Soon afterwards the uptrend resumed - without me having a position anymore...
What would you have done different in this trade? Use a wider stop? Get out with the time stop? What's your re-entry method if you have one? E.g. enter the trade again once market closes above A up again?
I got the direction right, but was stopped out nevertheless.
Market advanced through the pivot range (shaded in gray) and through the A up (green line), long entry @ 138.21. Price went up a bit further and paused afterwards. According to Fishers time stop rule, I should have maybe exited the trade here for a small loss. I stayed in the trade until a 5min bar closed below the A up, long exit @ 138.12.
Soon afterwards the uptrend resumed - without me having a position anymore...
What would you have done different in this trade? Use a wider stop? Get out with the time stop? What's your re-entry method if you have one? E.g. enter the trade again once market closes above A up again?
Attachments
Looking to pick up some NFLX on a pullback.
Good morning, a friend recommended that I study the ACD method, so I've purchased the book and am starting my journey. I found this forum with a google search and hope to learn from practitioners who have used the methods. I found the following site that contains archived Fisher webcasts. While the page is active, the videos won't start. Do any of you know where else I might find these videos? Thanks in advance for any guidance.
http://www.clicklive.com/NYMEX/symposium_2003/content_page.htm
http://www.clicklive.com/NYMEX/symposium_2003/content_page.htm
WTW on fire. Confirmed weekly A up and sitting right at the monthly A up now.