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ACD trading By Mark Fisher
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ACD trading By Mark Fisher

  #351 (permalink)
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Yes, I must have watched those videos 10 times. Every time, I watch Mark Fisher, I can see that he can put any trader in the world under the table in 10 minutes in a head to head match. His firm still is largest broker of natural gas and crude oil.

He's a guy that you bring your A game too, no less! He's quick, sharp and witty, make a mistake he's on you...I've had the honor to work with a few individuals like this. Some might not like him but all respect him. I have no problem with this

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  #352 (permalink)
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ACD

01-26-2012 Pre Open.

Hi FT,

1) I will see if i can find a way to increase font size of time and price axis. What app, you use to capture your charts? Maybe i will try it to see if it improves my charts.

2) I use pivot, pivot range as described in MF book, bullish above, bearish below etc.. You support/resistance levels are very good and makes sense. Are you getting these levels by visually looking at them or have a program to draw them for you?


3) My support/resistance levels are from MF subscription service plus various other sources. Example is attached for 01-26-2012
01.25.2012-15.54.31 - structuraltrading's library

4) Recently, I have been exploring weekly and monthly A up and A down levels. A fellow trader uses them but he refuses to share his A and C values. Concept is same as daily OR using ATR and some multiplier of ones OR time frame.
So, for weekly OR, 1st day of the week ( Monday) acts as OR. Every week starts new . For monthly, 1st 2 days of the month acts as OR. Following are his Weekly ( 01-23 to 01-27) and month of January levels.


Weekly: A down 97.73 , A up= 100.77. Monthly: A down 96.43 and 106.40. So he went long yesterday 97.90 on failed weekly A down set up.

I am asking you and other readers to check if we can figure out method behind weekly and monthly levels. They levels do not have to match his but need to be in ball park.

5) Overnight Inventory is LONG and i will be watching to see if Open and 1st 30 minutes into open are as BULLISH as Globex price action.

Attached Thumbnails
ACD trading By Mark Fisher-2012-01-26_0732_pre_open.png  

Last edited by mfbreakout; January 26th, 2012 at 08:13 AM.
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  #353 (permalink)
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ACD



Rad4633 View Post
He's a guy that you bring your A game too, no less! He's quick, sharp and witty, make a mistake he's on you...I've had the honor to work with a few individuals like this. Some might not like him but all respect him. I have no problem with this

Exactly, that's the reason my screen name is after him (lol).

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  #354 (permalink)
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ACD

Following is my response to a fellow trader question about OVERNIGHT INVENTORY and set ups related to it.

This is a concept i learned from Jim Dalton. Yesterday ( 01-25-2012) close is 99.40. As of 8.15 am ( eastern time) CL is at 101. This means lot of traders are holding long positions from Euro session.

At the open couple of things can happen

1) market opens up and continue one time framing ( meaning keep it's upward movement without significant movement). I do not want to short into this set up.

2) market opens up but gets marked down significantly into 1st 30 minutes after open. I want to short into this on bounces.

So basically based off Globex price action, expectation is for price to go up, if not, there may be trouble ahead.

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  #355 (permalink)
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mfbreakout View Post
1) I will see if i can find a way to increase font size of time and price axis. What app, you use to capture your charts? Maybe i will try it to see if it improves my charts.

Just exported via NinjaTrader. But if I produce a screenshot via Alt-Print and copy that one to Paint, it is just the same. The attachments can be embedded with a mouse click.


mfbreakout View Post
2) I use pivot, pivot range as described in MF book, bullish above, bearish below etc.. You support/resistance levels are very good and makes sense. Are you getting these levels by visually looking at them or have a program to draw them for you?

I use several indicators for establishing support and resistance, including pivots, rolling pivots, prior highs and lows and Fibonacci confluence zones.


mfbreakout View Post
I am asking you and other readers to check if we can figure out method behind weekly and monthly levels. They levels do not have to match his but need to be in ball park.

I use a different concept based on my noise bands. It is possible to extend this concept to plot weekly and monthly noise bands. I could code them. Also I wanted to add standard deviation bands to my current noise bands.

The main difference between the ACD method and the noise bands is that the noise bands calculate breakout levels above and below the open (I also might use the 1-minute range as a substitute) and not a 45 min opening range.

Let me refine that concept. Maybe you find somebody else who has a focus on weekly and monthly A&C levels.

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  #356 (permalink)
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ACD


mfbreakout View Post
Following is my response to a fellow trader question about OVERNIGHT INVENTORY and set ups related to it.

This is a concept i learned from Jim Dalton. Yesterday ( 01-25-2012) close is 99.40. As of 8.15 am ( eastern time) CL is at 101. This means lot of traders are holding long positions from Euro session.

At the open couple of things can happen

1) market opens up and continue one time framing ( meaning keep it's upward movement without significant movement). I do not want to short into this set up.

2) market opens up but gets marked down significantly into 1st 30 minutes after open. I want to short into this on bounces.

So basically based off Globex price action, expectation is for price to go up, if not, there may be trouble ahead.


01-26-2012. First trade off failed A up and overnight inventory set up.

Attached Thumbnails
ACD trading By Mark Fisher-2012-01-26_1033_1st_trade.png  
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mfbreakout View Post
01-26-2012. First trade off failed A up and overnight inventory set up.

Bravo, much cleaner!

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Late Day Point C

I'm new to ACD and was wondering, if by wonderful chance, I've just been shown ( S&P) a late day point C pivot trade, starting yesterday around 3 PM , hold overnight, and sell after the news at 10AM?
Any comments?

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ACD

HOW TO TRADE WITH CONTEXT & WITHOUT INDICATORS:

1) CL price action is like today on 70% of the days. Unless one is FOCUSED on CL, it is very difficult to trade on days like today. Traders correctly call days like today NOISE, NO TREND, CHOP etc..

2) It is easier to trade something which is TRENDING like GOLD, NFLX, CAT etc.. which are trending in one direction today.

3) I am a developing trader. Thus, i decided to just FOCUS on crude oil- 24 hours a day (lol). Attached chart shows one of my set ups which show how i trade CL every day and try to get $1-2 out of the market. These set ups work for me and on days i do not execute set ups with a CALM mind- i loose.

4) If i can trade CALMLY on days when a THIRD FORCE enters the market, i will be all set. THIRD FORCE can be DOE report, FOMC minutes, NEWS etc.

5) Attached chart shows 2 trades i took this morning into Euro close. I already had booked 80 ticks from first trade this morning, so my confidence was good and in right frame of mind. If, i had couple of losers right out of the GATE, i would not had taken these trades. So it is very IMPORTANT for me to start the day on the right foot.

6) For whatever reason price will not break below 100.80 from 9 am till 10.20. I actually took 1 long from 100.85 and price was at 101.42- when 10 am news hit and CL pulled back to 100 and I had to bail out. My mistake for not being sensitive to 10 am news. I was looking at CL hitting 101.80 (lol).

When 100.80 breaks, that becomes RESISTANCE. price hits 100.40 ( yesterday close) and bounces back to 100.74. I short with a target to 100.42. I place my order to cover way before hand along with stop loss. I am not worried about 100.40 breaking and CL selling to 100. If that happens, I will take next set up.

After CL hitting my first target, CL bounces to 100.84, short again and cove at 100.44.

KEY: 1) I do not move my stop loss and I do not move my potential target. before I take the trade, i have decided to take loss, so why move stop loss?

2) There should not be any NEWS, CATALYST at the time these trades are taken. Anything can happen but I do not worry about things I can not control.

3) risk: reward needs to be 1:3.

Bottom line on a quite day 80+32+40= $1.52.

As of 12.07 pm , i shorted CL again @ 100.82 with target of 100.44. Stop loss 100.91.

IF ROBOTS ARE IN CONTROL- IT HELPS TO BE A ROBOT.

I CAN NOT TRADE THESE SET UPS WITH INDICATORS.

Attached Thumbnails
ACD trading By Mark Fisher-2012-01-26_1132_euro_close.png  
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Thanks: 3,467 given, 15,225 received

ACD



mfbreakout View Post
HOW TO TRADE WITH CONTEXT & WITHOUT INDICATORS:

1) CL price action is like today on 70% of the days. Unless one is FOCUSED on CL, it is very difficult to trade on days like today. Traders correctly call days like today NOISE, NO TREND, CHOP etc..

2) It is easier to trade something which is TRENDING like GOLD, NFLX, CAT etc.. which are trending in one direction today.

3) I am a developing trader. Thus, i decided to just FOCUS on crude oil- 24 hours a day (lol). Attached chart shows one of my set ups which show how i trade CL every day and try to get $1-2 out of the market. These set ups work for me and on days i do not execute set ups with a CALM mind- i loose.

4) If i can trade CALMLY on days when a THIRD FORCE enters the market, i will be all set. THIRD FORCE can be DOE report, FOMC minutes, NEWS etc.

5) Attached chart shows 2 trades i took this morning into Euro close. I already had booked 80 ticks from first trade this morning, so my confidence was good and in right frame of mind. If, i had couple of losers right out of the GATE, i would not had taken these trades. So it is very IMPORTANT for me to start the day on the right foot.

6) For whatever reason price will not break below 100.80 from 9 am till 10.20. I actually took 1 long from 100.85 and price was at 101.42- when 10 am news hit and CL pulled back to 100 and I had to bail out. My mistake for not being sensitive to 10 am news. I was looking at CL hitting 101.80 (lol).

When 100.80 breaks, that becomes RESISTANCE. price hits 100.40 ( yesterday close) and bounces back to 100.74. I short with a target to 100.42. I place my order to cover way before hand along with stop loss. I am not worried about 100.40 breaking and CL selling to 100. If that happens, I will take next set up.

After CL hitting my first target, CL bounces to 100.84, short again and cove at 100.44.

KEY: 1) I do not move my stop loss and I do not move my potential target. before I take the trade, i have decided to take loss, so why move stop loss?

2) There should not be any NEWS, CATALYST at the time these trades are taken. Anything can happen but I do not worry about things I can not control.

3) risk: reward needs to be 1:3.

Bottom line on a quite day 80+32+40= $1.52.

As of 12.07 pm , i shorted CL again @ 100.82 with target of 100.44. Stop loss 100.91.

IF ROBOTS ARE IN CONTROL- IT HELPS TO BE A ROBOT.

I CAN NOT TRADE THESE SET UPS WITH INDICATORS.

Cover short of 100.82 at 100.44 at 12.19 pm


Last edited by mfbreakout; January 26th, 2012 at 12:35 PM.
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