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elovemer

Market Wizard
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Everything posted by elovemer

  1. if the previous day is up ..... SS day the reason why i want a down day first before a buy point is because it means .... MORE PEOPLE ARE WRONG if more people are wrong, then it increases your chances to go against the herd
  2. the tricky part of taylor method is ..... today is friday you have a long below wednesday low.... however it is 12 noon and price is still sitting around below that low in other words.... taylor method TAKES SOME FAITH !!! a low made first can be a gap down open .... so basically a long from the opening price according to taylor target is previous highs.... if it comes same day then take profit if it doesn't.... then it depends on where it closes .... near the day's high or low
  3. the more posters ..... the better nobody is right and nobody is wrong every body has their own techniques and style i am not trading strict taylor rules as i have explained previously and i am not using a book for my estimations.... but 10 points instead 10 or 20 points... either or.... not a range
  4. on friday ... buy day Taylor would say long below prev day low however i say prev day was not down .... so either wait for a down day ... or take a long below low of wednesday ... that is 2 lows back ----------------------------------- if prev day was down.... could do a long below prev day low... as per my own rules if the swing was down trending .... then the long would be ten points below the prev day low
  5. my mistake. must have mixed the banana bong water with the avocado shake on accident this morning : ( friday..... buy day good call TUESDAY BD ...... FRIDAY BD
  6. thursday is sell day .... friday is short sell day short on a high made first above prev high or a long scalp on a low made first
  7. if buy day longs don't get stopped on sell day ... then they may be able to hold until the next buy day
  8. there it is .... low made first below previous low
  9. on SS day .... no low was put in so buy day tuesday...... the move will either be stolen to the upside or a low below monday low .... is a strict taylor entry without a low already put in .... it creates a trap for longs in case one of these gaps fills in summary.... you are either already long, or you have to take a strict Taylor entry on a low made first and a low made first is unlikely given the bull trend
  10. after buy day entry .... if the trader can make it thru sell day without a pop up chances are good the trader can sit thru another cycle at least
  11. taylor worked for anyone who went long.... hold on because the high did not come the same day but it was not weak either monday is short sell day
  12. taylor says long below yesterday low .... as per this chart however i would like a down day first ... or a low to be put in .... that's a lot to ask for during a strong up trend
  13. for thursday ... buy day don't see much of a chance. because SS day did not put a low in to be tested buy day taylor rules calls for a long below SS day low on a low made first .... however it is risky with the gap below ... which could fill
  14. on short sell day .... go short on a high made first above the prev high however this is an up trend .... today is only the 2nd day up from the low also.... has not yet reached prev high around 30
  15. no action on sell day unless to close out longs from buy day wednesday ... short sell day .... short on a high made first above tuesday high or a long scalp on a low made first below tuesday
  16. monday is buy day however friday was a long below previous low monday could be a long below friday low
  17. exploring the wonders of the Taylor trading methods
  18. ....i don't remember you ever having asked any questions. but you sure are annoying.
  19. for monday buy day .... i would like to see a low below friday's low however would not be surprised to see a big gap up on monday
  20. if you like his stuff... you might also be happy paying for his services. i don't know what they cost but they are available. try them out and see if you like them. he is probably lurking around here so if you say please he might come back and give some more charts. i believe he has an automated program you can use to do the taylor method automatically. i am not using Taylor method myself exactly.
  21. this is why taylor says take profit same day when it comes back to the high
  22. richbois is a vendor. go buy his services, you might like them.
  23. rally came fast and fierce ... above the high taylor says take profit same day .... at the close if you hold on.... you run the risk of losing it all by the next day if you get out.... you run the risk of missing a gap up to sell into however .... after a 20 point run up, what are the chances of a 10 point gap up ? i would say pretty small
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