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elovemer
Market Wizard-
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Everything posted by elovemer
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monday was buy day today tuesday is sell day tomorrow wednesday is short sell day .... has already hit 96.5 .... a short could hit around 1301.5 tomorrow
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the rules are that you close out at previous high
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a gap down short sell day is not assumed to be a high made first so a long scalp is taken which is closed out at the previous high next opportunity is next buy day ... which is monday
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strong close on thursday friday sell short day look for a high made first and early for a short if low is made first and early ... can take a long scalp
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today is sell day .... ---------------------------------------- ... friday is sell short day on friday... look for a short entry on a penetration of thursday high (or wednesday whichever is higher) ... made early in session early in session just increases the chances of it being a high made first
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amazing. ............ ............
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euro looking bullish
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close out same day as per Taylor's rules ... if using 3 day system
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until euro can hit target on weekly to form wolfe wave it has a bullish M pattern on daily chart
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premarket wednesday longs from short sell day should be closed out today will be a buy day .... look for a low made first... break out is here ... so this could be a good opp
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if the euro can get down... it will be set up .................... .................... .............
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today tuesday.... short sell day high made first tomorrow wednesday... buy day !!!!! look for a low made first .... testing tuesday's low point for a buy close today was not at the highs.... target for a buy on wednesday.... is tuesday's high if same day .... possibly higher if not same day (depending on strength of close) also on buy day.... if a high is made first and early.... could be good for a short
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today ... no new high yet.... but very strong close today was low made first.... tomorrow short sell day .... low made first will confirm return to up trend on short sell day .... a long is permitted if it a low is made early in session could be well worth a shot because a return to up trend here would have very large upside targets
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almost a buy day low violation buy day was a high made first day . today sell day ... want to see a low made first for a return to main trend
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here is a pic of the taylor cycle...on the right side ... nothing to do with the left side.... daily ... good stuff ... seems to work best when the trend is going strong
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unless it can hurry up .... can still have a lower low put in on monday sell day
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appreciate the thread steve. thanks
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friday is buy day last 2 buy days.... lowest buy point came on day after buy day
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77 was penetration for the short
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.... thursday is short sell day ... high made first and early ... can be a gap up
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if this works like last cycle ... where the buy point was delayed by a day as well ..... then you can hold and no need to close out same day ... although closing out same day is as per Taylor's rules
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the only buy point on sell day ... was a buy day low violation but it was during globex
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on this buy day ... it should also be noted that this is a high made first ... and a lower high was put in -------------------------------------------------------- this is what happened on last buy day as well ... and sell day ... the next day .... turned out to be the buy point on a buy day low violation
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...this turned out to be a good short.... except that it wasn't really an attempt at the high ....it was well below the high tomorrow will be a sell day ... except that i doubt there will be a buy day low violation it will probably be a higher bottom.... but Taylor does not allow a long there unless it is a violation so unless you took the long today on buy day .... which was not made early... ... you are still out of the market