Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
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.
Can you help answer these questions from other members on NexusFi?
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.
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.
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.
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...
