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ACD trading By Mark Fisher
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ACD trading By Mark Fisher

  #261 (permalink)
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Got stopped out 102.57. Short 102.58 and cover 102.16. Once a level gets broken , it becomes resistance .

Daily support is 102-08-101.90, so glad to cover 102.18. It can go down but it can also bounce to 102.94 , daily pivot area.


Damn this time indicator turned out to be right in terms of holding little bit longer (lol). Who says trading CL is not like playing a VIDEO game ? One just have to know the RULES really well.

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@mfbreakout

I assume you subscribe to MF's daily trader. Do you find the market commentary useful and also do you know who writes it. I know Joe Terranova used to write it but he left the firm. My other question is that got long at 101.98 based on the reference points. Are these reference points from the market commentary or pivot/or calculations. (ex. short around 103.20 and long from 101.90-102. I am breaking into the ACD method, and i see you trade it well so I would be very interested in any insights you might have.

Hi rw7117,

1) Good to hear you are exploring ACD method. I will answer questions once you read the book.

2) The daily levels are from Global Research - an independent firm- which MF firm uses. I have been a subscriber for some time but i did not understand the levels for 1 year as i did not understood the concepts in the book well enough. These are not MAGIC levels. As we saw into close they broke 101.90 and CL sold of from 103.48 to 101.67 in 30 minutes. One can get hurt seriously, if not careful with CL.

3) It will take couple of reading and at least 2,000 hours of practice to get a handle on it. Otherwise, it is difficult as i tried to help 4 friends and they blew up accounts as they did not wanted to spend time practicing ACD method.

It may take you less hours if you are already a profitable trader for at least 6 months with whatever method you are using.

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  #263 (permalink)
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Damn this time indicator turned out to be right in terms of holding little bit longer (lol). Who says trading CL is not like playing a VIDEO game ? One just have to know the RULES really well.


So A up in DXY finally showed it's hand . They took it to 103.40 and 30 minutes later all bullish candles were GONE (lol). Nice failed A up.

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@ mfbreakout

I own the book and trade the ACD method, I was just wondering what insights you had into what you have learned from the system that may have changed since the book was written.

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  #266 (permalink)
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@ mfbreakout

I own the book and trade the ACD method, I was just wondering what insights you had into what you have learned from the system that may have changed since the book was written.

Nothing has changed except Mark Fisher takes cash close vs pit close for oil, gold etc.. Also, it's good to know market profile concepts. Big money tend to move prices from middle of one bell curve to the next. I only trade crude oil, so if you have any questions fire away.

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  #267 (permalink)
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ACD

01-06-20122. Above 102.60, target is 103- 103.20 and on. Similarly to the downside, 101.90 and on.

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ACD trading By Mark Fisher-2012-01-06_0807_pre_open.png  
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  #268 (permalink)
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mfbreakout View Post
01-06-20122. Above 102.60, target is 103- 103.20 and on. Similarly to the downside, 101.90 and on.


Trade after job report. If pivot gets broken HARD, more downside

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  #269 (permalink)
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Trade after job report. If pivot gets broken HARD, more downside

Morning and intra day trades. There are no SECRETS in trading regardless what anyone else says. Magic levels, special stop loss etc.. Trading requires logic and common sense.

Trading box is now 101 to 101.80

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  #270 (permalink)
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@mfbreakout

what are you using to color your bars and to color your volume chart? looks like red for volume impulse down and blue for volume impulse up ...also what is the indicator on the bottom if ya dont mind sharing i assume that is what creates the colors...

thanks
b

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