You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
The ACD Method
- Thread starter sbrowne126
- Start date
ZB does look strong here huh?
Just in case this phenomena continues, I have the XLF going from a +1 to a +5 on my 5 day line, and XLV from +4 to a +8 suddenly as well...
Interesting, health care and financials? Those don't typically go together, (+8 is getting into that snap back territory right?).
Just in case this phenomena continues, I have the XLF going from a +1 to a +5 on my 5 day line, and XLV from +4 to a +8 suddenly as well...
Interesting, health care and financials? Those don't typically go together, (+8 is getting into that snap back territory right?).
ACD:
When the market is trending, you don't want to be a liquidity provider, you want to be a liquidity taker. ACD
Methodology is good at getting you into the right frame of mind for trading this type of market. You want to get
amped up. You are competing with other traders and you want to get your positions before they do.
There are three common mistakes that I seen with new ACD practitioners. The first is that they apply ACD Methods
all the time. You cannot do this. You only want to switch over to the ACD Method when the market is trending.
Otherwise, you will be frustrated with your stop losses. The second mistake is that they use the opening range as
a trigger price to enter a trade. They write simple computer codes like when price breaks the opening range high,
buy it or when price breaks the opening range low, sell it. Don't use it that way. Use it as a way to set your bias
for your trading, not as a buy/sell entry point. The third mistake is not knowing where you are wrong before you
enter a trade.
Trading Insight:
I like to use the ACD Methodology when the market is in Vertical Development. It switches me over from a passive
nature of fading the market used in Market Profile trading to an aggressive nature of hitting the bids or lifting the
offers. Instead of waiting for the market to come to me, I go to it.
When the market is trending, you don't want to be a liquidity provider, you want to be a liquidity taker. ACD
Methodology is good at getting you into the right frame of mind for trading this type of market. You want to get
amped up. You are competing with other traders and you want to get your positions before they do.
There are three common mistakes that I seen with new ACD practitioners. The first is that they apply ACD Methods
all the time. You cannot do this. You only want to switch over to the ACD Method when the market is trending.
Otherwise, you will be frustrated with your stop losses. The second mistake is that they use the opening range as
a trigger price to enter a trade. They write simple computer codes like when price breaks the opening range high,
buy it or when price breaks the opening range low, sell it. Don't use it that way. Use it as a way to set your bias
for your trading, not as a buy/sell entry point. The third mistake is not knowing where you are wrong before you
enter a trade.
Trading Insight:
I like to use the ACD Methodology when the market is in Vertical Development. It switches me over from a passive
nature of fading the market used in Market Profile trading to an aggressive nature of hitting the bids or lifting the
offers. Instead of waiting for the market to come to me, I go to it.
From "The logical trader". In case someone thinks ACD is a HOLY GRAIL.
" Of the 4,000 people i attempted to teach, we'll say half of them fell asleep in a class or in general had no serious interest. That leaves about 2,000 who paid attention long enough to learn something. Of this group, we'll say 1,000 probably implemented what they learned. Now, don't think this is discouraging to me, the teacher, because it is not. Why? Because of those 1,000 who have used this method, about 100 of them now make in excess of $750,000 a year in trading. And for a clearing firm, that's a nice customer base to have".
" Of the 4,000 people i attempted to teach, we'll say half of them fell asleep in a class or in general had no serious interest. That leaves about 2,000 who paid attention long enough to learn something. Of this group, we'll say 1,000 probably implemented what they learned. Now, don't think this is discouraging to me, the teacher, because it is not. Why? Because of those 1,000 who have used this method, about 100 of them now make in excess of $750,000 a year in trading. And for a clearing firm, that's a nice customer base to have".
Quote from Quon:
ZB does look strong here huh?
Just in case this phenomena continues, I have the XLF going from a +1 to a +5 on my 5 day line, and XLV from +4 to a +8 suddenly as well...
Interesting, health care and financials? Those don't typically go together, (+8 is getting into that snap back territory right?).
Yeah I have the same. This reminds me of the FED driven rally where every asset class goes up together. Gold, ES, Bonds, defensive stocks, everything. This can't last. Something has to break here. Either bonds or equities. Bond market is not buying this rally one bit. But when you flood the world with liquidity, there is enough money to go around for every asset class.
Quote from Shanb:
Bonds continue their march higher...hitting the 143 handle in ZB here. Although equities have shown a nice pop off of the quarter a down. Bonds have confirmed their quarter aups and continue to defy the equity market and march higher.
I honestly don't know what to make of this...large disconnect!
143'07! And still going. What does the bond market know that the equity market doesn't.
ZN has actually taken out the highs from last August. Nothing but air above here. ZF also about to take out the highs.
mf.do ya discount (fade) the hype around end of month(now) and op expQuote from mfbreakout:
ACD:
When the market is trending, you don't want to be a liquidity provider, you want to be a liquidity taker. ACD
Methodology is good at getting you into the right frame of mind for trading this type of market. You want to get
amped up. You are competing with other traders and you want to get your positions before they do.
There are three common mistakes that I seen with new ACD practitioners. The first is that they apply ACD Methods
all the time. You cannot do this. You only want to switch over to the ACD Method when the market is trending.
Otherwise, you will be frustrated with your stop losses. The second mistake is that they use the opening range as
a trigger price to enter a trade. They write simple computer codes like when price breaks the opening range high,
buy it or when price breaks the opening range low, sell it. Don't use it that way. Use it as a way to set your bias
for your trading, not as a buy/sell entry point. The third mistake is not knowing where you are wrong before you
enter a trade.
Trading Insight:
I like to use the ACD Methodology when the market is in Vertical Development. It switches me over from a passive
nature of fading the market used in Market Profile trading to an aggressive nature of hitting the bids or lifting the
offers. Instead of waiting for the market to come to me, I go to it.
Everybody has a plan until they get punched in the face
- Mike Tyson
The taste of oneâs own blood after getting punched in the faceâ¦
A small percentage of traders will learn over time from their own mistakes and will begin to act counter to their own hard wired and detrimental impulses.
Thereâs only one path to curbing the tendencies and it doesnt come from learning about why we do stupid things with money especially when we are losing.
It comes from stepping in the ring, getting knocked down and then getting up againâ¦
- Mike Tyson
The taste of oneâs own blood after getting punched in the faceâ¦
A small percentage of traders will learn over time from their own mistakes and will begin to act counter to their own hard wired and detrimental impulses.
Thereâs only one path to curbing the tendencies and it doesnt come from learning about why we do stupid things with money especially when we are losing.
It comes from stepping in the ring, getting knocked down and then getting up againâ¦