Discussion in ' Technical Analysis ' started by sbrowne , Jul 16, Log in or Sign up. Purchased, read and have traded this method developed by Mark B. Fisher from his book titled: Applying a Method to the Madness. It made since to me which is why I use it to trade with. Wasn't very successful though, but I believe this is due to several factors: Any body else use it or know of it?
Thoughts about the method? I'm thinking I might have better result if I make my own trading decisions and begin trading online. I don't see how this could work with a broker. You pretty much have to watch it, I don't see how someone could do that while maintaining other accounts. Get yourself an account at IB and paper trade it for a month and see how you do. So when I went to trade it live through a brokerage firm I noticed that the IB that the brokerage firm introduced me to wasn't achieving the same level of success as I had been achieving trading on paper on my own.
As a result my trading account funds now is extremely low and have halted trading all together while I regroup. I looked up IB on the internet, and I don't have the account minimum to open an account due to the above, so I am sort of stuck on that front. I believe the method works, but since I work full time I don't have the time to watch and trade as the method requires, again sort of stuck there too. Thoughts, ideas and suggestions are always appreciated.
ACD is my favorite, i have been using it for the last 10 months. It takes awhile to get used to it and understand all the layers that fisher talks about. However it is by far the best trading method i have come across. ACD works better if you use it on the markets that fishers firm uses it on. However one thing i noticed is that when the signals occur you have to take them and follow the method to a t. I have read the book at least 5 times and learn something new everytime. The thing is that you have to learn 1 thing completely and then go after the next and so forth.
It is built upon layers and to understand all the layers does take some time. The opening range is 45 minutes with an A value of.
I would simtrade CL if thats what you want to trade for at least 2 months. Then keep reading the book as you will need to read it at least 5 times. ACD is just the beginning you have to understand the other layers fisher talks about to really use his system the way it was designed.
Stick to learning the basics of ACD and keep adding layers after you understand them. ACD only works when you have knowledge of all the layers, that is the key. Until you have an understanding of every indicator you will have many false signals and won't be able to understand why you got stopped out.
I rarely let my stops go as far as ACD dictates because i now use maybe of fishers indicators and only when they all align do i max out my trades. It is a difficult system but one that is excellent once you have mastered it. I have spent 10 months every day working on it and i am still learning every day. Just yesterday i had my first D signal. You will start to see the signs of ACD once you master the layers.
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