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Introduction To The Logical Trader: Applying A Method To The Madness

By Mark B.Fisher
Published by John Wiley & Sons, Inc. 
Hoboken, New Jersey

Logical Trader/ACD Daily is an independent content provider not affiliated with MBF Clearing Corp, please see full disclaimers. 

When you go in for your annual physical, the doctor takes your blood pressure, listens to your heart and lungs, draws some blood, etc. Based on all these indicators, the doctor makes a determination about how healthy you are. Now, assume that the patient drops dead right there on the examination table. He has no pulse! Then it doesn't matter what his cholesterol level was, right? No pulse Ö no life. 
I use this analogy to explain the ACD methodology. In trading, you'll be looking at a variety of factors, including pivots, moving averages, and so forth. But there will always be one underlying factor - like the patient's pulse - without which everything else becomes meaningless. That "pulse" is the ACD factor. It doesn't matter whether 64 out of 65 indicators are a "go" for a trade. If the ACD is the one missing indicator, then there is no trade.

So what is this ACD and what's it all about? ACD is the name I've given to my trading methodology, which can be applied to virtually any commodity, stock or currency as long as there is sufficient volatility and liquidity. The basic premise of ACD is to plot particular price points, which we'll discuss in depth, in relation to the opening range.

Iíve traded using ACD for nearly 20 years and I still use it today. I've taught it to thousands of other people over the past 15 years, who in turn have adapted it to suit their own trading styles and parameters. My point is that ACD has a proven track record, not only for me, but also for numerous other professional traders. Therefore, it can be incorporated into your trading system to help you plot out and execute your trading strategy.

But before we go any further, I must state that trading is an inherently risky endeavor and therefore not suitable for everyone. Any investment in derivatives or stocks may put you at risk of losing an amount even greater than your original investment. (See the full Disclaimer in the Appendix of this book.)

My purpose in this book is not to "sell" you on trading, but to show you the methodology that I, as well as others whom I have trained, have used. As you go through this book, keep a pen and a pad of paper handy so you can follow along with the trading examples. Whether you're a novice trader or you've been at this for a while, I believe you'll find that the ACD system has something for you and your style of trading. 

Logical Trader/ACD Daily is an independent informational service only, and access to Logical Trader/ACD Daily is provided through this website as a courtesy only to site visitors. Neither MBF Clearing Corp. its affiliates, related parties, or the publishers of content provided with the ACD subscription make any claims, warranties or representations as to the fitness or outcome of any methodologies or suggested strategies. Trading commodity futures, options, and/or any other financial instrument includes significant risk of loss, regardless of any strategies or methodologies accompanied by the subscription.

 

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There is a substantial risk of loss in futures trading. Trading in futures may not be suitable for everyone.