Logical Trader by Mark Fisher

[waynick5 10]

Anyone familar with this book or the ACD System? Trying to get some input on how to figure the A and C point values. Thanks.

[juniorh 10]

I read it cover to cover. But then I found out about Market Profile Trading and it is a much better way to trade the opening range in my opinion.

[TRADEZILLA 10]

Waynick5,

 

I think the ACD method have value on ES though its meant for more volatile markets..

 

A up and A down is the first 20 min OR +- 3.5 points.. basically if the market stays outside the A level for 1/2 the OR time, the A up or A down is triggered and the bias is towards that direction. The A level and the OR then becomes levels to lean on towards that direction.

 

The A levels can also be levels to fade depending on other bias factors..

 

There is also the relationship of the piv and 3 day rolling piv that gives additional bias and potential range..

 

Then there is a point factor that gives greater probability of the quality of the A up/down trade..

 

I like the ACD method on ES as it gives me additional levels and bias that is simple and reliable, but the A up/down is a rare signal so you will need another method in addition.. I like Volume Profile as well and I think the 2 methods are very complimentary... Ofcourse, there are other levels that are also tradable.. All I look for when I trade is a bias for market direction and levels to lean on.. the rest is how price tests those levels and etc....

[TRADEZILLA 10]

Finally, there is also the C up or C down, which basically is a signal when an A up or A down fails and reversed into an A up or A down in the opposite direction.. This is an even more rare signal but often gives the best trades.. The rationale is that the market fooled most to position in the wrong direction and they're trapped and will need to get out eventually. When they do, they will drive price towards the opposite direction.

 

The relationship between the piv and 3drp is important in market bias. The 3drp is often a reliable level to lean on as well..

 

Don't give up on ACD, you will find value in it. The other method I will recommend on the ES is volume profile.. Another method that will give you a good filter into the market..

[bruce51 10]

Hi is there any other info on the ACD method sounds interesting. Any input is well appreciated. thanks.

[TRADEZILLA 10]

  bruce51 said:

Hi is there any other info on the ACD method sounds interesting. Any input is well appreciated. thanks.

 

The book is worth the read.. I think the concepts are excellent, though ES is probably not the easist place to apply the method...