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elovemer

Market Wizard
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Everything posted by elovemer

  1. ..... i would say that .... if you go long on your short sell day ..... then you don't hold it for more than an intraday scalp..... ..... how long you hold it is up to you ....... ....... after shorting..... your stop position is up to you the individual.... ..... if you took the long .... then you can use that as a buffer for your stop position..... really up to the individual ..... ...... but i would say that on short sell day .... it is more important to try to get the short than to get the long reaction play...... ..... if you don't have a play .... then you just wait for the next buy day long opportunity..... Taylor is big on passing up all but the best opportunities.... .... shucks i wish Taylor were here.....
  2. .... ...low made at the open ..... ... thursday is my short day .... looking for a high made first and early ..... .... otherwise ... if a low made first ... a reaction long.... and a reversal to short later..... .... if a high made last at end of session .... have to stay out according to Taylor system .... unless your long cycle is more than 3 days.....
  3. .... tuesday was buy day for me .... and thursday as a short day for me.... .... closed at the same level as monday's low made first.... ..... i don't know if this thing is getting weaker or if it is just accumulation in readiness for the next push higher.... either way Taylor is safe.....
  4. ....condensed version .....boy is that easier to read !!!! Buy day …. if closes thru previous day's high.... close out before the close of session.... ...buy at low of previous day …..short sale day low.... .... try to make all longs on the low made first … compare to past declines from short day high to buy day low.... ...compare to past buy day rallies.....from buy day low to close.... …. when high is made first on a buy day …. ….. when flat or weak close on a buy day …. ---------------------------------------------- Buying on a buy day low violation... ---------------------------------------------- Selling day --------------------------------------….. Short sale day... … try to make all short sales on the high made first on penetrations of selling day highs.... --------------------------------------------------- Short sale at high of buying day made first ----------------------------------------------------- Failure to penetrate...... possible turning point in trend....
  5. .... thanks Frank.... great to read your contributions.... ... one more thing i forgot to add to my post.... with monday as my short day .... it was a failure to penetrate the high of middle day (sell day) ..... .... has a bearish implication......
  6. .... pivot occurred at noon.... which tends to happen rarely..... .... tuesday ..... is my buy day ..... .... looking for a low made first anytime before 10.30 am ..... although a few times the pivot has occurred around 11.15 am ... it does not happen as much ..... .... another occurrence which has happened quite a bit is that the low is made last ... but that price action is so stretched out .... that it is almost like a low being made first for the following day ..... ...another possible play on a buy day is a high made first for a reaction short.... where at some point the more important play is to switch to long in order to play the much stronger up trend..... .... it has been interesting recently when considering Frank's new perspective... .... to see when and if the market can take out the previous LOW-MADE-FIRST.... .... a few times we have seen where the pivot time stretched out to be very late in the session .... in which cases there have been snap-backs to the main trend which continue the next session.... .... in this case.... being in on the reaction trade.... gives one the confidence to take risk of reversing to be on the side of the main trend.... .... even when the price action of most all of the session has been against the direction of the main trend.... ..... just in case anyone forgot..... i wrote a condensed version of Taylor's book on here.... which only occupies about one paragraph.... :0) ... but which... of course... is no substitute for slogging thru the (entire) actual work at least a few times.... .... yesterday can still be considered a valid short day .... as the low was made last... even if ever-so-slightly....
  7. .... not bad now... ..................... .....................
  8. ....doesn't look like much of a sell day so far....
  9. sorry.. my mistake.... i have friday as mid day .... .... and monday as a sell day
  10. i have friday as a buy day ... for me on a buy.mid.sell.buy cycle
  11. .... wednesday ... low made first... high made last.... lower low only made AFTER the close ....thursday ??
  12. ...monday high made first.... ... tuesday ... low made first .... wednesday ... ?? .... on friday .... full swing size was reached .... compared to last two swings... .... full swing retracement size is at about 816.5 ... which was not reached...
  13. ...thanks for your explanation... i wasn't following.... ... man this thread has come a ways... too bad dogpile ain't around to see his baby grow up....
  14. ..... i don't understand what you meant.... ....are you saying a short on BUY DAY.... ... or are you saying a short on a SS day ? .... if a buy day .... any short would have to be made first .... and it could only be for a reaction play .... if a short sell day .... the high would still have to be made first in order to take the short.... .... maybe i misread what you wrote....
  15. .... this is very interesting.... .... thanks for contributing this perspective....
  16. ...................... ........................ ....................... ........................
  17. .... wednesday .... low made first ... high made last...
  18. ..... on the possible high made first.... ... that cycle inversion may have meant something more .... .... again... next cycle to end is lower cycle.... which ends at the close
  19. ....they didn't steal the buy day this time
  20. .... they stole our short day .... with the big gap ... and it looks like they might steal our buy day ..... with another gap up.....
  21. ...once again ....didn't get much of a high made first... .... but the high made first would have to be the 10.00 high..... ....edit... my next lower cycle ends tomorrow at the close....
  22. 55 point decline buy day rally 11.5 63.25 point thru next buy day high total rally 1.15
  23. ...... today friday was my middle day ..... low made first at 10.45am ..... .... high at the close matched up with end of upper cycle.... though that cycle did not predict a high or low.... ... my cycle which may differ from others.... is for a short day on monday .... .... so will look for a high made first at 10.15--10.45 am .... or else a reaction long on a low made first at the same time..... ....next cycle to end is lower cycle ... ending at 3pm on tuesday ....
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