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OK, so I'll send you $0.50! I've followed ACE in a couple of free trials and like many others, I find him annoying, arrogant and very close-mouthed about his system. But I can generally understand the trades he calls, and I've made money with him. Not enough to pay for a TEN GRAND lifetime membership, tho!!
Tried your 23.6 Fib notion and it works pretty well in and of itself but haven't re-upped a trial yet to see if it matches Ace's magic number level. Seems to me that some real talent or rule structure defines WHICH swing to use for the Fib retracements. Also, how to define the long/short bias against which to trade the line. Is there a recasting of the fib if the market reverses during the day?
Would be grateful for your further insights. Thanks!
I haven't given it much thought after my observations in the free trial. It looks like his initial trades are always before the NYSE open so perhaps he uses some type of GLOBEX support/resistance levels as well. If you take another trial, put the PIvotZonesDailyV42 on your 24 hour chart and see if you can match some of the levels with his trades. Definitely not worth 10 grand - then again if you can tweek it and manage the setup, limit the number of trades - hell, maybe you can develop something out of it. Reverse engineer what he's doing and see if it's worth it.
I uploaded anaDailyPivotsV42 in case you don't have it. I think it was Wizard who wrote the code.
Thanks, Phantom! Grateful for the upload. I'll keep fiddling with it, only because in spite of his flaws, Ace's calls, as I understand them, seem to work for me. I don't like being dependent on another person's calls, tho, so I want to learn or re-engineer what's successful to blend into my own "system," such as it is. Thanks again. I'll let you know if anything meaningful or reliable emerges.
When I attended one day trial his Trading Chart matched my ONE Second chart. However, I do not think he derives his levels from the chart he displays. From what I recall his levels matched some support/resistance levels.
I went back to the February 26, 2015 trading day and noticed that the 2113.25 level kind of matches a resistance level starting on February 24th. Furthermore, the level is congruent with a 23.6 retracement from the high of the overnight activity of the range starting at the prior day's low. The direction appears to be derived from the crossing down of the 2113.25 level and subsequent retest of it just prior to the market open. See figure.
I was in his room for the first time this a.m.
He did some very correct calls, one reverse seemed slightly unclear, but he did clock some obviously called winners. His levels looked to be floor trader pivots and coincided with almost all the Ana pivots, and those that didn't, were off the day session close pivots.
Although I use pivots everyday, they are combined with a couple of indicators. I would love to learn to trade just the raw pivots. I have been working on a method to do so, with some encouraging results, and would welcome anyone's input or suggestions. This appears to be his method at first glance.
His huckster delivery was mildly entertaining, but I come from the entertainment world, where stars and their ego's took separate limos, so I am used to that.
He was using a 9S (second) Esignal chart in pre, and a 16S Esignal chart after open. I could easily duplicate his chart on Esig, and was surprised I had never looked at S charts before.
Ace is a real head scratcher. I am also from the entertainment world and his personality is not unusual and wouldn't even be considered extreme,but he sure can be annoying...lol
I have been in his room at least 12 times and it takes awhile to get used to it. It is a sort of throw the noodles up against the wall and see what sticks approach, but I have to give credit where credit is due and he does get his points, not ticks, as he likes to say, on a daily basis. I have tried to figure out what he does using fibs, pivots, etc and they will SOMETIMES work, but he has something else going on. The trouble is that I am not sure, even if you give him the 10 grand that you will actually learn it
Please keep us posted. Last week I received some emails from ACE with his trades and his chart's time frame were not consistent. The only consistency was that they were all second type charts ranging from 1 second to 16 seconds.
I am planning to accept his invitation for another trial down the road.
Attended 3-day free trial. Was sceptical due to members' comments, but Ace trading seems to get the bias for ES correct on the 3 days. May sign up for another trial to observe before further comments.