ACS

Are those spikes real trades or just bad data?

My understanding is that you must know what the background of the market is. Is there supply or demand? If there is a rally with demand in the background then a pullback on light volume means lack of supply on the dip. The buyers already have established that they control the market, it is up to the sellers to change the background by showing supply through range expansion, increased volume and follow through. The converse is true in a bear trend.

Are there more of Brand's articles available?

The FED is a creature of and a servant to the big banks. Understand that and everything he and his predecessors have done makes perfect sense.

If you want to spend the time there are some great posts about Market Delta trading on Brett Steenbarger's blog Trader Feed. He stopped new posts last year but all the old stuff is still available. http://traderfeed.blogspot.com/

Wrote these to trade ACD system. Someone may be able to translate. ACD.zip

If you are in the US then please check the rule for "pattern day trader" before making plans for that account size.

Am I the only one who thinks it is insane to trade 4 ES contracts with a $10,000 account?

The only thing that makes sense to me when testing strategies on past data is to use two sets of data. The signals should be from adjusted data since each contract, which is what the signal is based on, does not have gaps. The results however should be based on unadjusted data since that is what you will have to deal with when holding a position into a rollover.

The last 2 presentations, how to trade wedges and how to trade the open are now on view at the I-Trade show. It would be great if someone who has the ability to tape those could do so and share them. Thanks!

I agree about your first point. Sometimes the setup bar is referenced and sometimes it's the entry bar. That's easy to see. About the second point I'm going to differ. With no trend established, you are looking at a trading range where countertrend entries are taken at the extremes of the range. Bar 2 in 1.18 is a reversal bar H2 at a new swing low and therefore a good candidate for a long trade.

Actually the bar after bar 2 was the H2, bar 2 was the setup bar for the H2. This is the most popular topic here and you need to go back to page 1 of this thread and read through. There is a lot of discussion on Highs and Lows. You will come across links to several of Dr. Brook's presentations. If the links are still good, save them and watch them. The first presentation "Short Term E-mini Strategies That Work" is particularly good on the subject. The method works in all time frames and the book has a chapter on daily, weekly, and monthly charts. Good luck!

This is not a mechanical system that can be reduced to a simple set of rules. It is a highly discretionary methodology that requires constant evaluation of subjective criteria such as how "strong" a trend is or how "good" a setup appears. Dr. Brook's writings constantly stress that you should be looking for the very best trades and avoiding anything that is not. I'd go so far as to say that the most important thing to learn is not when to trade but when not to.

Like much else, with time it will become easier. If you are not sure then simply skip the trade; there are many other opportunities!

He answers that question in the seminar. It's an L1 variant. Think about the price action intra-bar. The market went up into that doji bar, dipped down to the low of the bar and then rallied up to the high of the next bar. Up-down-up. Even though the price never went below the low of the previous bar, it would have on a smaller time frame chart. That is a two-legged correction which is what you are looking for.