elovemer

wednesday.... .... buy day .... low made first. ---------------------------------- however... last three buy days had declines of more than 20 points each almost reached previous high.... so take profit same day -------------------------------------- fishy buy day because the decline is so small --------------------------- thursday is sell day .... only possible trade on sell day ... is a violation of buy day low ....... with buy day low as first target if it opens up and keeps going up .... just have to wait small size of the decline when compared with previous buy days.... suggests that a violation may happen ... and it should be taken... because thursday is usually the biggest day of the week ... especially considering the giant sym tri on daily chart.

short sell day.... low made first

buy at friday low close at buy day low ... for break even trade ------------- tuesday.... short sell day low made first for a scalp long if tuesday does not close above 1311.25 which is buy day low.... the cycle is negative ------------------------- monday was a close below daily 20sma.... bears need a 2nd strong close below daily 20sma ... for continuation -------------

...if.... buy day low violation..... does not bounce then target is buy day low

...monday ... sell day either sit tight if long from friday ..... or buy a violation of friday low ------------------------------- next opp is short sell day tuesday .... short at or above whatever high is put in on monday

one thing i am noticing about this method ------------- the highs and lows ... are being made last more often than they are being made first and the ones that are made first.... don't go very far. ----------------------------------------------- friday buy day .... low made last ------ finished up from lows on strong volume.... but not near the highs on monday sell day.... could see a violation of the low for a long

buy day friday prev low did not hold ------------------------- next is possible violation of friday low ... on sell day monday

for friday buy day .... would not expect a low made last ... because still inside action on daily chart not making new highs yet also .... it has only been one rally day so far thursday ... not three --------------------------------------------------------- if low made first on friday .... then if it completes another up cycle... then the likelihood of a low made last on buy day would be greater

cycle chart ........... ..........

review. ----------------- long entries buy day ... at or below prev day's low if low made first ( down move at open) buy day .... above prev day's low ... if low made last but holding HL ( higher bottom ) --------------------------- sell day .... low made first ... violation of buy day low ------------------------------------------------------------------------------------- the key is ... getting out when a low made first on buy day does not hold then waiting for a violation.... if the run up on last cycle was large ... there is room for a low made last on buy day on a big decline .... and a violation the next day is the best possible entry one can make

today ... thursday... 2nd positive cycle ... since the down cycle -------------------------------------- today is short sell day ... friday is buy day ... could get a pullback

next buy day ... is friday ----------------------- this cycle is a down trend trading area .. weak cycle ................................. will friday begin a stronger cycle ... or increased weakness ?

buy day low violation --------- on sell day .... wednesday ---------------------------------------------- the only long plays permitted are at or below prev low .... on buy day or buy day low violation ... on sell day ------------------------------------------------------------ next play .... is a high made first on short sell day ... thursday

thurs, frid, monday .... cycle was positive prev friday, prev tues, wednes .... cycle was negative (prev mond .. holiday) -------------------------------------------- with today as buy day .... question is.... will this cycle end negative ? measuring from buy day low tues... to short day high thurs... ---------------------------------------------------------- if it does end negative .... it could confirm a new down trend.

due to the close on the low ..... flat close --------- looks very likely that this could gap down tomorrow.... for a buy day low violation

for buy day ... tuesday ---------- goal is to buy at or below prev day's low ------------ if you did... you got a 50% bounce ================================= next play is to buy on wednesday... a buy day low violation ...with a target of buy day low... tuesday low

if we do not consider monday as part of the cycle..... due to the holiday.... -------------- then today monday is short sell day and tuesday is buy day ...rather than today monday being buy day ------------------------ ..due to price closing at the highs.... the chances of testing monday low on tuesday looks pretty slim ... so any entry for a tuesday buy day looks shot

" .... and there are no lines left open for Sundays or Holidays. " ----------------------------------- Taylor traded stocks and grains. according to his plates.... the grains plates show saturday as another trading session. while his plates for stocks.... did not include saturdays. ------------------------------------------------------- to me... this means that grains were being traded on saturdays while stocks were not. therefore saturday is part of his cycle for grains.... while it is not part of his cycle for stocks. -------------------------------------------------------------- for today's purposes..... stocks... i.e. stock indices... are open only mon-frid. therefore stock index futures should be considered the same way.... since there is no difference between a weekday gap ... and a weekend gap. gaps are just gaps. --------------------------------------------------------- obviously ... i am interpreting Taylor's words to mean the following... "left open".... means don't consider a day with no trading as part of the cycle. if it was included.... it would be a "line left open" ----------------------------------------------------------------

" The book is always kept in this order, never change the continuity and there are no lines left open for Sundays or Holidays. The market is considered as a series of continuous sessions without a break. " ---------------------------------------------------------------------------------------- some have interpreted this to mean..... weekends and holidays are counted as part of the cycle. ....i disagree with that. i interpret it to mean that weekends and holidays are NOT included as part of the cycle. ------------------------------------------------------------------------------------- this brings up an important point. monday was a holiday for cash index. but futures were open for a partial session. and during that partial session, future declined significantly. so the question arises.... do you consider it as a holiday as per cash index... or do you consider it as an active session as per futures. i would like to consider it as a holiday as per cash.... and therefore ... to NOT count it as part of the cycle. that would mean that tuesday would be the next buy day.... rather than monday. ------------------------------------------------- Taylor where are you ?

following taylor's rules.... would have given anyone one of the best possible entries into the trend on a penetration of buy day low.

if you didn't enter on buy day ... wednesday or on sell day .... thursday... on low violation --------------------------------------------------------------------------------------------- ... don't chase on short sell day ... thinking you will be left behind ... wait for the next buy day to enter on a pullback.... which is monday

buy day low... violation on sell day was the entry for this swing ---------------------------- monday next buy day

on sell day buy day low violation ----------------------------------------- 21 hours down .... could be minimum 13 hours up... coming later..... probably much more ---------------------------------------- friday short sell day.... could be a scalp monday next buy day

possible short at 14-15 during globex for a gap fill below and then a switch to long

sugar almost there.... ............ ........... ...........