|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
For over fifteen years, Mark Fisher has taught thousands of people - from traders on the floors of major exchanges to individual investors in front of computer screens - how to trade stocks, futures on commodities and even currencies, using his highly successful and innovative ACD method. Now, in The Logical Trader: Applying a Method to the Madness ©, Fisher will teach you how to use the ACD method to trade more effectively and, in turn, more profitably than ever before.
The Logical Trader opens with an in-depth discussion that outlines the basics of the ACD method-plotting particular price points in relation to the opening range-and shows you how this method allows you to gain reference points against which to trade the "A" and "C" points for entry and the "B" and "D" points as stops. You'll also learn about “pivot ranges”, and how you can combine them with ACD to maximize position size while minimizing your risk.
Along the way, Fisher discusses some very important psychological issues-“No Ego”, “Gambling Theory”, and The Concept of "Next!"- issues that when combined with
ACD, can be adapted to any trading style or methodology. After a question and answer section designed to assess what you've learned in the first half of the book, The Logical Trader continues to show you how to use the ACD method in tandem with other trading tools by:
Exploring strategies using the pivot moving average, such as moving average fake-out (MAF) and moving average divergence trades (MAD)
Discussing various trading strategies that allow you to exit trades at the optimal time
Highlighting trading stories that involve risk management strategies
Step by step, The Logical Trader will show you how to use the ACD method to calculate the prices above which you'd want to be long and the prices below which you'd want to be short. Using other indicators and measures, which are layered on top of the ACD base, you'll also learn how to construct a trading plan based upon prevailing prices and market activity.
As long as there is sufficient volatility and liquidity in the market, you can use the ACD method for everything from ultra-short-term day trading to long-term positions lasting weeks or even months.
Whether you're a novice trader or you've been at it for years, you'll find that the ACD system has something to offer you and your style of trading. Filled with real-world stories, accessible examples, and anecdotes of traders who have successfully used this method, The Logical Trader fully explains the ACD method and shows you how to get the most out of it.
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.