The ACD Method

Ok thanks I recall reading that now, I don't associate the % with opening range of 5 minutes though

Opening range of 5 minutes is what peaked my interest, isn that too fast, I can look how it plays into my method but I think there is a lot of noise there

 

Don't undercut yourself...you've put alot of useful info about this type of approach into this thread. Prob more than fisher has put into the public domain in the past few years. Plus I've never talked trading over a cold brew with Fisher, so I trust ya lol

 

Hey, maybe you can tell RCG. He's been thinking about grabbing a cold brewski with me but he may be having second thoughts. Tell him I'm usually well behaved in public.

 

Your going to have to get him out of that basement before that can happen lol

 

Oh and just noticed something going over my trades. Very small sample set, but I think this holds true in principle. I did not make one profitable trade where I was trading against the pivot range. Long while below, or short while above. Very interesting indeed!

 

I noticed that too.

 

Hey if Rush and Olberman can have dinner together, anybody can, lol.

All jokes aside, for the dozens of luckers on this thread, ACD is the real deal, and Mav gets the credit for bringing out on ET. It's been years since a really good thread that serves the purpose of this site has been started and maintained. No flaming, no getting off topic, it's really nice!

 

Noooooooooooooo! I want that beer. Don't duck out of this. I'll invite Shan. We've already shared a few beers. He's a nice kid. Prop trader and martial arts expert. He can protect you.

Let's do this. Tell me when. Damn it RCG, even Don Bright has had a beer with me!

 

ShanB I get the impression from the ACD book that Mark Fischer is not daytrading like you. It seems like he is trying to catch the big swings holding for anywhere from 1 day to weeks + and for that the 30 min looks pretty good.

One of the guys in his book uses a 1 min range. I wonder if that was only on the 1st minute of the day or if he picks other 1 minute periods to trade throught the day as well.

 

That got me thinking it would be interesting to see the stats on how frequently the 1st minute of a certain time period of maybe 30 min to an hour is the high or low for that period for the major indexes. Could be a cool way to build a scalping "schedule" with a positive expectation.