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elovemer
Market Wizard-
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Everything posted by elovemer
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preferably.... a ten point pullback comes as a 50% retracement on larger timeframe actually.... despite everyone thinking TF is wild. the moves on TF are much more exact than they are on ES except that on TF the moves come fast and at 10 or 20 point increments which means a large range
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low made first on short sell day ... weak close
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..in an uptrend, it works to the long side .. in a downtrend, it works to the short side during a swing turn, volatility may cause a 20 point move... this is where you can get stuck if playing a 10 point move i am sorry i can't provide stats. it may occur over two days... but it is not likely. it needs to occur starting from the last pivot on a 5 min chart. last globex pivot was 773.5 ... turn was 782.4 trading hours next pivot was 775.7 trading hours .... didn't make it to 785.7 only made it to 784.4 but those were both short signals in an uptrend what you want is a long signal in an uptrend the last long signal was on the 15th since then only have gotten 50% retraces but no long signals when comparing the ranges of ES and TF ... you may get two signals on ES during the time it takes to get one signal on TF it is nice if they both complete move at the same time... because they reinforce each other this is very simple... and so most people think this is BS. you have to just trade it yourself to get the feel for it. ES 10 TF 10 YM 100 NQ 20 best signal would be where a signal completes during the first 30min of the day on carryover from globex action or not i don't know if i answered your question or not. i don't know what kind of market conditions you had in mind.
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...missed the long today may be forced to buy a higher bottom tomorrow on buy day don't look good at this point for a good entry
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.... nice sell off ... tuesday is a buy day
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a long is permitted on short sell day if low made first and early in session
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to me... that means include them. to you it means exclude them. oh well : ) it doesn't matter
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wait for TF to complete a ten point move... then fade it and enter in the direction of daily trend
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i don't see any 6 work days i will have to look again you wouldn't be saying "maybe" if you had already read it.
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.. Taylor said to count all days including weekends and holidays. ... but on his charts... he does not show any days with no price changes also he talks extensively about extra days sometimes entering the cycle... yet he maintains that the same day count should be used
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........ ......... ......... GOOD-TaylorTradingTechnique.pdf
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... probably no action to take on friday .... ... must wait until monday for a short sale day ....
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prev high was hit.... for a close out on same day
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low made first .... if prev day high broken same day ... close out if not.... then if strong close hold to next day ... for a penetration and close out
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.... so far... high made first.... tomorrow friday is buy day ...
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wednesday... short sale day a long is permitted by taylor if it is made first and early
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buy day low violation .... but ... made last not first
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.... higher bottom... ..............................
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unless there is a buy day low violation on tuesday.... .... may have to sit out ... not very wise to buy a higher bottom on a sell day
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i have today as a buy day since low made last... looking for buy day low violation tomorrow ... tuesday
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.... low made last ........................... ............................
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... so far look like a low made first
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... over extended rally ? fair enough.
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any particular reason for this bearish view ? as opposed to continuation of the trend....
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... if a high made first on monday .... then will look for a low made first on tuesday