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elovemer
Market Wizard-
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Everything posted by elovemer
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almost like a delayed buy day isn't it interesting -------------------------------- friday short sell day.... because the cycle does not change
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buy day low violation target is buy day low
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buy day is a consolidation day ... very tight range thursday is sell day .... but will probably be a range expansion day how to play it ? i guess Taylor would say wait for a short sell day ... friday which is also jobs report -----------------------------------------------------------
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short sell day high is being made last ------------------------------------------ buy day may not have much pullback ... wednesday
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sell day.... up close tuesday ... short sell day .... has not reached previous highs yet so it is possible that a low made first could happen for a scalp entry ------------------------------- wednesday is a buy day
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although.... strict Taylor rules say ... don't enter on the 2nd day of the cycle and instead wait short sell day on tuesday
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friday was buy day ................................. monday could be a buy day low violation .... for a buy point with friday low being the target
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i didn't post this ... because it has a 50% rather than a 62%
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...... ........ .........
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like i said.... look out
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both euro and dollar are at 62% on weekly.... look out
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at least.... a test of the low... for friday buy day .... i don't like buy days when they are on friday
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if thursday closes at the highs.... there will be no buy day on friday
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thursday.... so far... very weak pullback depending on the close.... could set up a buy day on friday penetrating today's low for a buy point
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today was wednesday ... sell day ... strong close. hints at a penetration on short sell day thursday for a short friday is going to be a buy day ... ---------------------------------------------------------------- by the way ... i am swing trading... so i am not following Taylor's close out the same day rules all the time ... those rules are for the day to day scalping system in the case of friday being a buy day .... i WOULD close out the same day if possible... and re-enter sunday evening
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tuesday buy day .... high made last closed strong ----------------------------------- market gave it back same day .... rules say close out same day don't hold out hoping that sell day will follow thru --------------------------------------- next opportunity is short sell day on thursday
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last short sell day was a low made first this short sell is looking like it may be the same ------------------------------------------------------------------------------- tuesday ... buy day
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high made first for a short if at previous resistance highs low made first for a scalp long short sell day --------------------------- Tuesday... the next buy day ... in a continuing up trend
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........ ......... .........
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... beautiful ............ ............
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sell day finished weak looking for a short opportunity on monday sell short day
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today friday is sell day still has not hit the previous high have to hold on and wait to see if this closes near the high or low... for the day if it finishes weak.... then close out
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closed near the highs of the day friday could see a small pullback on the 2nd day of the cycle.... sell day ........................................................... no action to take on friday ... except to close out on any attempt at short sell day highs monday is short sell day
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today is buy day .... got a low made first.... although a bit late in the day now have to watch the close to see if it finishes strong or weak
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today was short sell day wednesday weak close ---------------------------------------------- for buy day on thursday expecting a lower low for a buy point