The ACD Method

Quote from Quon:

Just to add...

Seems like bonds can't break that monthly A down. They're actually well off the lows that they made it to earlier in the session. I'm seeing a reversal type set-up on the daily that suggests that if we get any selling on the open in the indicies, we could see the OR or the monthly A up in bonds in days.

We'll see, but to be sure, bonds don't look as bad as they did when the session began.

If bonds stay bid equities are going to sell off. There is no way around this. The big tell here will be bonds breaking through and confirming the A down at the 148 handle. If that happens, this market could really rip. If we take out 150 and re-test the old highs, you can bet that 1200 is going to get here really fast in the ES.
 
Quote from kinggyppo:

looks like they are looking for some prop traders.

I honestly don't know what they are looking for...could be alot of things.

Why do you think they are looking for prop traders king?
 
Quote from Shanb:

I honestly don't know what they are looking for...could be alot of things.

Why do you think they are looking for prop traders king?

they are asking for a resume, also reading between the lines. It is quite expensive to train a trader and there is always the chance they don't work out for whatever reason. My guess is they are looking for people that already trade and may be funded. Like any other firm the issue is what do they bring to the table....maybe Mav will get to work for him who knows........:)
 
Quote from kinggyppo:

looks like they are looking for some prop traders.

King, Mark is writing a follow up book to the "Logical Trader". I suspect he might be doing a trading experiment that might be included in his new book. Just a thought.
 
Quote from Maverick74:

King, Mark is writing a follow up book to the "Logical Trader". I suspect he might be doing a trading experiment that might be included in his new book. Just a thought.

he has mentioned he is looking for guys to trade with 4-6:1 leverage, he has mentioned this a couple of times. I mean a good firm is always looking for talent no matter what the business....I would say talented traders are pretty hard to find, but you could be right...:)
 
Quote from kinggyppo:

he has mentioned he is looking for guys to trade with 4-6:1 leverage, he has mentioned this a couple of times. I mean a good firm is always looking for talent no matter what the business....I would say talented traders are pretty hard to find, but you could be right...:)

Where are you getting the 4-6:1 leverage from? I have watched all Fisher's video appearances and I never heard him mention that. Hell, futures alone have 20 to 1 leverage on average. So 5 to 1 on that is 100 to 1!!!!! Talk to me King, talk to me. :)
 
Quote from Maverick74:

Where are you getting the 4-6:1 leverage from? I have watched all Fisher's video appearances and I never heard him mention that. Hell, futures alone have 20 to 1 leverage on average. So 5 to 1 on that is 100 to 1!!!!! Talk to me King, talk to me. :)

I think he said that when he was at Ceasars, don't you remember he claims to be the greediest man in America. He stated he was looking for non-bus people and non-mooks to trade prop for 4-6 x leverage so that if you had
100 k your max would be 600K, I assume this would be on futures. You want his email address too...........:p
 
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