ACD (Mark Fisher) in Crude Oil Pits

Is it true that a large percentage of floor traders in Crude (or the currencies) are using ACD type systems?

If so, how can this work with so many traders using the same basic approach? Would it not tend to excessive false breakouts etc.?

Thanks,

Don

 

no

 

DK probably knows better than I. That said I have followed Fischer and I believe atleast a lot of his guys did, with some modifications. Fischer doesn't divulge all the details in the book. I personally found that I don't like BO trading so I left it at that.

 

Could you say what fraction might be using ACD type systems?

If not using ACD, what type of approaches are they using?

Thanks.