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ACD trading By Mark Fisher
Updated December 18, 2022
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ACD trading By Mark Fisher
December 21st, 2011, 11:06 AM
BOSTON, MA
Market Wizard
Experience: Advanced
Platform: Tradestation, TOS
Trading: ES, CL, GC
Posts: 7,254 since Oct 2010
Thanks Given: 3,478
Thanks Received: 15,818
mfbreakout
On Wednesday's i use OR of 8.30 am till 9.45 am 99.25- 96.99. Some body was looking at 99.25. Short, 99.16, stop loss 99.31.
cover 98.70. Thats all one can do during reports days or be long with enough buffer zone to accomodate noise. Target is 98.50, scene of crime for
breakout of Glob-ex high but I did not wanted to wait for another 20 minutes for 20 ticks. 98.50 breaks, 98 becomes target, and so on.
So, based off my OR, we have a failed A down so far.
covered too quickly, CL back at 98.20. 11.04 am. Waiting to see what European close does to the 98 level
Can you help answer these questions
Best Threads (Most Thanked)
December 21st, 2011, 11:40 AM
Berlin, Europe
Market Wizard
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
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mfbreakout
Yes, FT even though dominant trading is done between 9- 2.30 pm eastern time. Mark fisher started using
cash close as reference
points 5 months ago, so i switched also.
pivots . volatility and volume during the European session are approaching those of the US session. When the physical floor has disappeared, there will be few arguments to cling to the RTH session.ETH and RTH session and cash close and settlement, no problem with that one.
December 21st, 2011, 01:03 PM
BOSTON, MA
Market Wizard
Experience: Advanced
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mfbreakout
As usual I
covered too quickly, CL back at 98.20. 11.04 am. Waiting to see what European close does to the 98 level
December 21st, 2011, 01:15 PM
BOSTON, MA
Market Wizard
Experience: Advanced
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Fat Tails
There is no official rule, how to use the
pivots .
Both is possible. As it depends on self-fulfilling prophecy, I will probably to continue to watch both options and then find out, which works best.
The volume gradually shifts away from the regular trading hours. The
volatility and volume during the European session are approaching those of the US session. When the physical floor has disappeared, there will be few arguments to cling to the
RTH session.
However, I tend to favor the settlement price over the
cash close . My indicator allows to select from both
ETH and RTH session and cash close and settlement, no problem with that one.
floor traders left. I thought MF traders are all on the floor. They told me 3 months ago, they pulled everyone off floor 3 years ago and they only trade off floor. According to them only option traders are left on the floor.
December 21st, 2011, 03:36 PM
BOSTON, MA
Market Wizard
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mfbreakout
They could not break 98 level during euro close. long 98.12. had to wait for 2 hours to get some ticks. Out mostly 98.80.
December 22nd, 2011, 07:51 AM
BOSTON, MA
Market Wizard
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pre market 12-22-2011
December 22nd, 2011, 11:20 AM
BOSTON, MA
Market Wizard
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mfbreakout
Price Action .
December 23rd, 2011, 01:43 AM
SF Bay Area
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Fat Tails
I just notice that for the 3-day-
pivot range you used
-> the
ETH high and low
-> the last traded price at 5:15 PM
EST
whereas I typically use
-> the
RTH high and low
-> the settlement price around 2:30 PM EST
My rolling pivot range is therefore at 95.16 / 96.55 instead of 95.17 / 96.76
December 23rd, 2011, 05:36 AM
Berlin, Europe
Market Wizard
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Jedi
Fat Tails,
I like your 3DRP tool where it shows both
ETH and
RTH , that's very cool.. Where can I get my hands on one of those?
Thx,
Jedi
pivot ranges.
December 24th, 2011, 09:35 AM
Long Island, NY
Experience: Advanced
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Broker: TD Ameritrade
Trading: Equities, index options and futures/futures options
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mfbreakout
I was shocked to learn that there are no
floor traders left. I thought MF traders are all on the floor. They told me 3 months ago, they pulled everyone off floor 3 years ago and they only trade off floor. According to them only option traders are left on the floor.
To me it seems like, 80% of trading opportunities are done by 11.40 pm, right after euro close unless there are macro news and we have a trend. Look what has happened today and yesterday after 11.30. Nothing really, unless one gets a position and hold and PRAY.
Last Updated on December 18, 2022
