NexusFi: Find Your Edge


Home Menu

 





ACD trading By Mark Fisher


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one mfbreakout with 195 posts (185 thanks)
    2. looks_two Fat Tails with 92 posts (260 thanks)
    3. looks_3 sysot1t with 21 posts (2 thanks)
    4. looks_4 forrestang with 20 posts (4 thanks)
      Best Posters
    1. looks_one silver99 with 4.7 thanks per post
    2. looks_two Fat Tails with 2.8 thanks per post
    3. looks_3 dandxg with 2 thanks per post
    4. looks_4 mfbreakout with 0.9 thanks per post
    1. trending_up 353,490 views
    2. thumb_up 598 thanks given
    3. group 119 followers
    1. forum 541 posts
    2. attach_file 163 attachments




 
Search this Thread

ACD trading By Mark Fisher

  #241 (permalink)
 
mfbreakout's Avatar
 mfbreakout 
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


Fat Tails View Post
Honestly, I do not know, what you call TP area.

Mark Fisher's book has nothing to do with market profile. @mfbreakout just mentioned that he likes to combine the price-volume analysis as suggested by Jim Dalton with the breakout system of Mark Fisher.

I personally do not use market profile. Market profile is more based on the mode of a price-volume distribution, whereas I prefer to use the VWAP with standard deviation bands. The VWAP is the arithmetic average of the price volume distribution.

I also do not use the breakout levels as defined by Mark Fisher ( A and C levels). The problem is that the breakout level is only confirmed, when price stays above the breakout level for more than half the opening period. So you have to wait for that time to expire and then enter on a retracement back to the breakout level, if possible (see chart 1 attached).

The noise bands do not require any opening range, but simply refer to the opening price itself. The advantage is that you do not need to wait for 45 minutes and then for the confirmation, but the range plots immediately.


I just want to clarify one thing in terms of OR. Traders who like to fade moves use wide OR like 45 minutes or more. Pure breakout traders use smaller time frame like 1, 5 minutes etc.. One of the biggest CL traders at MF firm ( and at NYMEX) use's 1 minute OR .

One just has to find an OR which suits one and it looks like Fat Tails Noise bands have one solution for traders who do not like wide OR.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Ninja Mobile Trader VPS (ninjamobiletrader.com)
Trading Reviews and Vendors
ZombieSqueeze
Platforms and Indicators
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Deepmoney LLM
Elite Quantitative GenAI/LLM
Online prop firm The Funded Trader (TFT) going under?
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
60 thanks
Funded Trader platforms
43 thanks
NexusFi site changelog and issues/problem reporting
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #242 (permalink)
 
mfbreakout's Avatar
 mfbreakout 
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

Hi Bluemele,

Just keep following in mind


" Conclusion - Tip of the Iceberg
The principles discussed here are just a glimpse of how the ACD system works, so before using it, make sure you do more reading and homework. The system is also not a plug-and-play trading strategy that can be used on any equity."

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #243 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842



mfbreakout View Post
Hi Bluemele,

Just keep following in mind


" Conclusion - Tip of the Iceberg
The principles discussed here are just a glimpse of how the ACD system works, so before using it, make sure you do more reading and homework. The system is also not a plug-and-play trading strategy that can be used on any equity."

I am not looking to jump into a new system as I am focused on evolving my own, but I like to pick up tips and tacks from different methods as I believe that makes you a better well rounded trader.

There is a lot of different verbiage to all the systems but they are all derived off some basic concepts.

It is confusing when people use their own way of describing it which is out of the norm, so maybe a marketing deal or just an easy way to remember Mr. Fisher's breakout system. After reading it, it seems like he does quite well with it, but so did Madoff, MF Global etc.. haha... (Not saying he is a scam artist at all, but just you never know until you know and then you don't really know)

I am getting to the point where I trust nobody, including my own concious mind. I think I hear someone knocking on the door...

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #244 (permalink)
 
mfbreakout's Avatar
 mfbreakout 
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

pre open 01-03-2012

Attached Thumbnails
Click image for larger version

Name:	2012-01-03_0848_pre_market.png
Views:	222
Size:	281.6 KB
ID:	58510  
Visit my NexusFi Trade Journal Reply With Quote
  #245 (permalink)
 
mfbreakout's Avatar
 mfbreakout 
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

in tra day. Open did answered the market call. On some days famous quote from Sun Tzu is quite applicable while trading CL " Every battle is won , before it is even fought".

Attached Thumbnails
Click image for larger version

Name:	2012-01-03_0956_intra_day.png
Views:	228
Size:	3.73 MB
ID:	58516  
Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #246 (permalink)
 
mfbreakout's Avatar
 mfbreakout 
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

Here is one reason why i stay clear from ES etc as ACD method is not very helpful on most trading days. Oil baby Oil.

Attached Thumbnails
Click image for larger version

Name:	2012-01-03_1306_es.png
Views:	252
Size:	280.8 KB
ID:	58531  
Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #247 (permalink)
 
mfbreakout's Avatar
 mfbreakout 
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

pre open 01-04-2012

Attached Thumbnails
Click image for larger version

Name:	2012-01-04_0757_pre_open.png
Views:	201
Size:	295.0 KB
ID:	58599  
Visit my NexusFi Trade Journal Reply With Quote
  #248 (permalink)
 
mfbreakout's Avatar
 mfbreakout 
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

intra day- Once price pulls into OR after an A up or A down- it is typically a MESS as shown by days price action. Does not mean there are no trading opportunities- all it means on days like today trading requires lot more effort and LUCK. Break down of 102.40 into euro close was not with much FORCE but I still plan to follow the PLAN.

Attached Thumbnails
Click image for larger version

Name:	2012-01-04_1116_intra_day.png
Views:	230
Size:	288.6 KB
ID:	58621  
Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #249 (permalink)
 
mfbreakout's Avatar
 mfbreakout 
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

01-04-2012 end of the day

Attached Thumbnails
Click image for larger version

Name:	2012-01-04_1436_end_of_day.png
Views:	247
Size:	292.4 KB
ID:	58643  
Visit my NexusFi Trade Journal Reply With Quote
  #250 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,175
Thanks Received: 101,541


@mfbreakout you should consider starting your own trading journal thread on the forum to post your setups.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:




Last Updated on December 18, 2022


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts