elovemer

... as per Taylor's 3 day book method..... ... in simple terms up trend.... day 1/2/3/1 buy/sell/short/buy down trend... day 1/2/3/1 short/cover/buy/short .... let me know if i misread Taylor's work ... MONAD .... ...yes ... strictly Taylor's methodology... .... better yet... just contribute your own methods to the thread instead of focusing on other people's methods....

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..... i haven't switched yet.... .... but if the trend changed to down... i would switch as i explained.... ... in a down trend i would not continue using B/M/S/B ..... i would use S/M/B/S .... i could care less what WHY? and Richbois are doing.... they have their own cycles to worry about.... which differ from the cycle that i am using.... :0) ..... i think you are mistaken though.... i think what those traders explained is that it is better FOR THEM to do WHAT THEY DO..... not to dictate to any other trader what they should do.... ..... any trader trying to trade someone else's system will always be lost..... ...again if the trend changes to down.... i will change to S/M/B/S .... or to whatever other cycle may better fit the situation..... .... why don't you contribute your own individual perspective.... instead of quoting what some other traders like to do with their systems.... ??? .... you are just as important a trader as anyone else.... so why not contribute your own system... or perspective..... to keep this thread evolving... PS. i am not sure if you were commenting about my post.... but if so... .that is my response.... even though no response was asked for..... hopefullly we can get more posters like FRANK to contribute new and different perspectives.... ..... no system is THE system.....

..... trend don't look so good..... ..... with a double bottom on buy day ..... .... the next play is short day .... on wednesday ...... ... IF THE TREND HAS ALREADY SWITCHED TO DOWN...... .... then i would change the cycle to S/M/B/S .... starting with that last short day ..... .... which would mean that tuesday is buy day .....and wednesday still short day .... having said that .... i have not found the Taylor cycle to be as predictable when the trend is down as compared to when the trend is up ..... ....no contributors ?

.... even if missed the sell for short day ..... ..... and even if the trend has switched to down.... .... could be lining up for a nice buy day long entry....

....low made first 10.30 am friday..... .... since high will be made last (looks like)..... Taylor says stay out.... ---------------------------------- ...until i see that the trend has changed to down .... .... i will continue with thursday as middle day ..... .... and friday as short day ..... .... so will look for an attempt to penetrate thursday high.... .... may have to sell a lower high... failure to penetrate..... on friday

....low made first 10.30 am friday..... .... since high will be made last (looks like)..... Taylor says stay out.... ---------------------------------- ...until i see that the trend has changed to down .... .... i will continue with thursday as middle day ..... .... and friday as short day ..... .... so will look for an attempt to penetrate thursday high.... .... may have to sell a lower high... failure to penetrate..... on friday

...until i see that the trend has changed to down .... .... i will continue with thursday as middle day ..... .... and friday as short day ..... .... so will look for an attempt to penetrate thursday high.... .... may have to sell a lower high... failure to penetrate..... on friday ------------------------- .... in this case... where today thursday is my middle day .... ... i am not sure whether to make today a short day in the cycle..... .... or to stick with friday as a short sale day..... .... if i treat today is a short sale day .... thereby losing one day in the cycle.... ..... that means i would have to treat tomorrow friday as a buy day....

.... in this case... where today thursday is my middle day .... ... i am not sure whether to make today a short day in the cycle..... .... or to stick with friday as a short sale day..... .... if i treat today is a short sale day .... thereby losing one day in the cycle.... ..... that means i would have to treat tomorrow friday as a buy day....

..... low made first yesterday ... still needs to be taken out ..... .... if they can

..... meant to say ..... for 10.30am to reverse to long

....oops... i didn't see you had already posted that about the short... MONAD

.... reaction short.... for 10.30 am ..... friday short day for me.....

..... as well as buy day ..... CRAP !!!!

.... looks like they want to steal short sell day in AH .... once again...

....yeah but it is getting started slowly..... .... let's see if it can follow through or not towards the close.... .... does look a lot like consolidation....

....thanks... Frank.... it gets lonely being the only poster on here.... ... and Hakuna too ...

.... will be hard to bring one's self to short this on tuesday on a high made first.... .... but that is the system..... .... at least... for me... i have tuesday as a short sale day ......

... unless this crashes at the close...... on track for short day tuesday..... ... any long position taken on buy day .... should be closed today monday due to the large gain put in ..... as per Taylor's rules.....

.... session is closed..... ..... due to yesterday finishing near the low .... looking for a penetration on buy day .... .... and got that penetration around the 10.30 pivot time ..... having said that.... a scalper would have been stopped out by the intraday decline...... which ended with a higher low ..... a swing trader would not .... .... and now.... since the close is at the high..... the Taylor swing trader will be holding thru to monday and will close if a big gain is put in on monday .... .... if not ... but still closes near the high.... the trader will hold for a penetration of monday high ..... on tuesday....

.... i agree..... ...... it would have been valid.... ... and hopefully the stop placement would be large enough to not get stopped out at 11.15 am ..... although ..... if you had a tight stop..... you could also try again at 11.15am

... another comment i would make about today's action..... ..... Taylor would have us close the short on a fast and large decline.... .... well we have not really had a large decline today .... not really fast either..... ..... 20 points is not that much from a swing trade perspective.... .... so Taylor.... would most likely hold short .... aiming for a penetration of today's low.... ..... although it also depends on where the close is.... .... if it closes nearer to the low than the high..... then Taylor would most likely hold for a penetration on buy day tomorrow...... .... if it closes well up from the low.... nearer to the high.... then Taylor would close out the same day ..... .... and then he would expect the possibility of a higher low held on buy day ... as a point to buy at the next session....

... you can't know when the exact pivot will be .... ..... unless you have a magic 8 ball..... ..... unless i am mistaken.... the high was 885.75 ..... not 888 ...887 was globex high..... not real time high.... .... to take your point here..... you have between 9.30 and 10.30 to make a decision..... unless you extend your decision to 11.15 or so...... ...... if you limit your decision to up to 10.30 ..... then maybe you would have gotten stopped out if your stop was very close..... at 11.15am ..... but remember .... Taylor did not use stops..... at least we can guess as much from the way he describes the method...... ...... remember this is a SWING trading method.... not a scalping method.... .... as such .... you can't consider that a tight stop is the best policy using this method..... ..... again... i am not Taylor.... we are just discussing our perspectives on his work....... .... that is my perspective.... :0)

...... just to be clear.... ... Taylor uses ... buy day , sell day , short day ... i call them ... buy day , middle day , short day today is Thursday and is a short day for me .... not a middle day .... ... the pivot high was at 11.15 am .... ... the only thing not ideal was that it happened slightly after 10.30 am ....yesterday was a middle day .... .... on a middle day ... there is no play at all ... .according to Taylor.... ....except to close out any play made on the first day of the cycle....