The ACD Method

chicagodon · Mar 18, 2013

Thank you Mav I do appreciate it!

DT3 · Mar 18, 2013

Quote from chicagodon:

Also, would it be ok to say we made a weekly A Up today?

Opening Range Top: 449.70
Opening Range Bottom: 441.20
A Value: 3.55
A Up: 453.25
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My weekly A value is 6 how are you getting $3.55?

chicagodon · Mar 18, 2013

Yeah 6 does seem more accurate if you are looking at an average daily range on the weekly basis of 31, mine was calculated as 17, but I'm going back to 2007, so I think I need to only use 30 or so weeks.

hoop121 · Mar 18, 2013

Quote from Maverick74:

OK, a couple of things. I have spent 4 years and I don't even want to guess how many hours posting to this thread basically putting out in detail almost every facet of this methodology. There is no one in 4 years who has "not" gotten help on this thread. And two, nobodies number lines are going to be the same. Mine are drastically different then Fishers. Number lines are qualitative, not quantitative. I spend a great deal of time putting my number lines together and they reflect how "I" see the market. Not anyone else. They are my eyes and ears. That's 15 years of trading experience that goes into that qualitative approach. So no, your lines will probably not line up with mine. I've said this probably over

100 times

on this message board, what is most important is that YOU know how you are deriving your levels and number lines and that YOU develop a feel for YOUR data. If you gave me your number lines and told me to trade off of them, it would be difficult because one, I don't know how you are deriving your data and I would not be in rhythm with your data. Qualitative data is full of "grey" area. Hence it's name.
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mine, 100 times. 400 @ 600 on the follow

hoop121 · Mar 18, 2013

from someone who is relatively new to learning this method I can offer this advice:

1. read the book
2. read it again and highlight the important stuff
3. read the first 500 pages of this thread
4. read the highlighted parts of the book again
5. go back through the first 500 pages and take notes on just about everything that Mav says
6. go back through the first 500 pages and find the specific trades that are given and then go back to those days and see what happened
7. find 3-5 different stocks/futures/currencies to follow and only watch those, do not try to overload yourself by tracking 100 different numberlines in the beginning
8. paper trade

you'll start to notice whole new behaviors of the price action that other people aren't seeing. and you'll start to develop your own discretionary style of trading the ACD.

koolaid · Mar 19, 2013

Quote from Maverick74:

OK, a couple of things. I have spent 4 years and I don't even want to guess how many hours posting to this thread basically putting out in detail almost every facet of this methodology. There is no one in 4 years who has "not" gotten help on this thread. And two, nobodies number lines are going to be the same. Mine are drastically different then Fishers. Number lines are qualitative, not quantitative. I spend a great deal of time putting my number lines together and they reflect how "I" see the market. Not anyone else. They are my eyes and ears. That's 15 years of trading experience that goes into that qualitative approach. So no, your lines will probably not line up with mine. I've said this probably over 100 times on this message board, what is most important is that YOU know how you are deriving your levels and number lines and that YOU develop a feel for YOUR data. If you gave me your number lines and told me to trade off of them, it would be difficult because one, I don't know how you are deriving your data and I would not be in rhythm with your data. Qualitative data is full of "grey" area. Hence it's name.
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Mav, don't let some of these rude people get to you. They want you to spoon feed them everything. You don't owe anybody on here anything.

chicagodon · Mar 19, 2013

How are you guys seeing the action in GOOG?

These are my thoughts with ACD, again newbie here with it so just trying to feel it out.

We have a confirmed A Up on the monthly basis. Yesterday we pulled back to the monthly opening range, and today we are working on putting in an A up on the weekly level is anyone looking to get involved in this pullback today using the opening range bottom of the weekly as a stop?

chicagodon · Mar 19, 2013

Along those same lines with AAPL.

I see a failed monthly A Up, and today a failed weekly A Up. With the general weakness in AAPL as of late, and lots of people starting to turn bullish, maybe this could be a good area to put on a short position.

Maverick74 · Mar 19, 2013

Quote from chicagodon:

How are you guys seeing the action in GOOG?

These are my thoughts with ACD, again newbie here with it so just trying to feel it out.

We have a confirmed A Up on the monthly basis. Yesterday we pulled back to the monthly opening range, and today we are working on putting in an A up on the weekly level is anyone looking to get involved in this pullback today using the opening range bottom of the weekly as a stop?
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GOOG is in no mans land. I have a failed weekly A up. It's back below the monthly A up. No real strength on the number line. Trading is all about picking your spots. No position is a position. I see no compelling reason to get long GOOG. To me it looks like it's still in its consolidation phase which means a lot of sideways chop. Could it drift higher from here? Sure. But I don't like to get involved in drift.

chicagodon · Mar 19, 2013

Would getting long the ES on a failed weekly A Down be an ok play since we have a confimred monthly A up?