Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
elovemer
Market Wizard-
Content Count
1224 -
Joined
-
Last visited
Content Type
Profiles
Forums
Calendar
Articles
Everything posted by elovemer
-
...mitsu...... ....i have no idea who you are ...... i could care less about anyone's character on any forum.....and don't know what forum you are referring to....and don't care at all..... ... having said that... thanks for the encouraging words..... .....about cycles and inversions.... they don't really have to do with Taylor's method.... just something i came up with and i guess many others have come up with the same type of thing before me .....better to not worry about them and just keep things simple.... .... i just use them myself... but i don't recommend anyone else to use them..... .... about today ... it was a buy day for me .... instead of getting what i wanted.... got a gap up and go..... Taylor says STAY OUT..... unless previously entered long..... .... my next short day is monday ..... so that is my next play......if a high is made first and early..... .... about my cycles.... the lower cycle ended...... the next cycle to finish is the upper cycle...... .... since price came in early on the lower cycle.... and therefore inverted by running the other way fast..... it is up in the air as to whether the upper cycle end will pull price upwards or downwards.... at least that has been my experience..... ..... but the next lower cycle should pull down...... ..... if no one else wants to join the discussion or post...... that is pretty pitiful.... :0) .... the fact that no one is interested in the Taylor method... makes it that much more appealing to me......
-
.... forgot cycle pic
-
....cycles.... ...the lower cycle is in grey .... upper in green..... .... the lower cycle in grey came in early.... with a pivot low..... .....so price runs the other way fast.... and the expectation is that this run will end by the time the lower grey cycle ends..... ..... normally it would show the pivot low time... but in this case it switches to show the pivot high..... ..... after the lower cycle ends....the next cycle end is the upper cycle.... ..... but since price inverted... it is up in the air as to whether the next upper cycle end will pull price up or down..... ....in other words... since price inverted.... after the end of the lower cycle.... price could either pivot or continue in the same direction.....unknown... ...... it sounds complicated... but it is really not..... ..... anyway..... on a possible gap up here..... it looks like the short day high could be violated on buy day ... thurday....... .....so it seems that the trickiest part is being thrown off when the high or low is not made first and early..... and yet.... if the trend remains intact.... ..... in these cases.... in the short term it appears that the trend has changed....but in the longer term... it hasn't..... ..... this is where the importance of the reaction position comes into play..... ..... and paying attention to violations.... .... like yesterday was my short day .... wednesday ..... .... was looking for a high made first.... instead got a low made first..... .... the very short term trend was changing back to up ...... .... and therefore it was important to take the reaction position long on a low made first.... in order to catch the big swing back into the main trend..... ..... of course the reaction position would be closed out the same day .... but still the move is huge and not to be missed if possible..... .... so looking to thursday.... buy day for me .... would like to get a low made first and early for the long.... .... but it looks like price is going to gap up pretty big.... ..... so on this gap up....the expectation changes to one of a reaction short position which will be closed out at some point intraday ... maybe by 10.30 am ...because of the likelihood of a high made first intraday....and possibility of gap fill ..... of course by the end of day ..... it could turn out that the initial high.... is not EOD high..... ..... so reversing position to long on an obvious pivot low around 10.30am would be the order of the day .... .... sorry about the long post.... but i enjoy the Taylor method and... no one seems interested in posting..... which is a danmmmm shame.....
-
23.75 61.75 2.6 ================= 25.5 62.75 2.46 first cycle =================== 39.25 61.25 1.56 second cycle =================== 36.5 43.5 1.19 third cycle =================== 55 47.75 - 1.15 ====================== 55 point decline buy day rally 11.5 34.75 point thru sell day high 47.75 total rally - 1.15
-
..... my buy day was monday .... ... and today's low was above monday's low... ....today was my short day .... i was looking for a high made first..... ... instead got low made first.... .... but did get the penetration of tuesday's high on this short day.... .... my next buy day is still tomorrow....thursday..... .... so i will look for a low made first before 10.30 am .... as long as that low is above monday's low..... .... others have different counts..... .... also ... if you connect the globex highs/lows.... you can get a buy/sell point..... to call the low or high..... basic but very effective.... .... sometimes you connect a previous low and a previous high... to get your trendline.... ... today the TL was connecting the lows of 21st and 31st......
-
DOWN TREND area …. expect … two decline sessions and buy day low violation ….. UPTREND area …. expect.... corrective decline to be complete in one and perhaps same session (low made on short sale day) ….. from a fast decline with an active fast rally from this low up to the close …..with result that get a higher buy day bottom and penetrated selling objectives
-
55 point decline buy day rally 11.5 31.5 point rally total so far (not including short day) - 1.746
-
....here is the same chart i already posted.... .... i just added three red dots... to show where that the cycles came in exactly on time..... .... the third dot highlights that last high..... and shows that it came in a little earlier than expected..... .... and the result was the quick run in the opposite direction before the cycle actually ended...... exciting stuff....
-
...it is the same cycle chart i already posted .... since the cycles are hitting..... you don't have to draw new cycles.... .... you just move the old one over..... .... so on that last one....upper... it was supposed to end at 6 pm .... but the high came early.... before the close...... .... so then that means the cycle can invert.... in which case it RUNS the other way before 6pm ...... .... so by 6 pm you have a low instead of a high..... ....so now because it inverted..... your upper cycle becomes slightly shorter.... .... you keep the same lower cycle.... until it has passed the end of the lower cycle.... .... i will post an annotated chart later
-
....sorry my mistake.... 6 pm ... today ... not premarket tomorrow.... .... for me .... wednesday is my next short day .... ... last upper and lower ended right on time.... ... next upper cycle end is premarket wednesday
-
.... for me .... wednesday is my next short day .... ... last upper and lower ended right on time.... ... next upper cycle end is premarket wednesday
-
.... for me .... wednesday is my next short day .... ... last upper and lower ended right on time.... ... next upper cycle end is premarket wednesday
-
.... for me .... wednesday is my next short day .... ... last upper and lower ended right on time.... ... next upper cycle end is premarket wednesday
-
betonmarkets... interesting ..... swing trading is holding.... the only Taylor scalp trade is a reaction play... unless large gain is made in single session..... ... i guess not many folks use Taylor's method... ---------------------------------------------------- Don't worry mate still here!. Yeah i bought 789 (cash) as it was elliott support but with this strategy, i am using betonmarkets fixed odds and my trade expired on the close -so i lost! I am using this type of trading because i am starting another business and don't want to be watching the market for the entire session. Do you hold overnight trades? Also someone was asking about taylor on another forum and i did mention this thread here,
-
....lower cycle ends.... at session close..... ....looks like no one else wants to post anymore.... what a bore.....
-
....anyone take that SWING alt size .... long entry ? .... only off by 1.5 points.....
-
swing ALT at 788 on globex friday sell day was also failure to penetrate
-
....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....
-
23.75 61.75 2.6 ================= 25.5 62.75 2.46 =================== 39.25 61.25 1.56 =================== 36.5 43.5 1.19 =================== ? ? ? edit.... i don't remember Why ever promoting anything... ?? ....
-
....a couple of guys on this thread have already programmed their own software based on TTT.... i think rich and why both have...... .... i am sure they will both be happy to give you the code for free... :0) llll
-
... i am not sure if i was answering the questions that you were asking..... .... but all that stuff is unnecessary.... ..... even reaction plays are unnecessary ....... just to keep it simple.... on a buy day .... low made first and early.... .... on a short day .... high made first and early..... .... if you can get the swings.... then you can trade less.... .... if you sit out days where your criteria are not met.... that means you can trade less.... .... to take it a step further....just ignore short days in an uptrend and vice versa for downtrend.... .... that way... you have only one trade every three days.... .... if the trend is strong enough.... as the down trend has been in the past.... Taylor suggests the possibility of just adding to total size every third day.... .... for me the whole goal of trading is to trade as little as possible..... ..... for me ...more trading means less efficiency..... ..... one reason i like Taylor's method..... ....still learning here.... like everyone else..... :0)
-
....for me.... monday is a buy day .... ... which means looking for a buy point with a low made first and early... at or before 10.30am.... somewhere around friday low or a 127% of it .... for a reaction play short .... a high made first and early .... 10.30am .... or a big gap up .... to close out on a 50% retrace to the low..... .....others have different counts.....
-
....ftt does not mean failure to traverse. the dotted lines are channel lines. centerline. which conclusion are you referring to ? on upper cycle ... i just try to measure the major turns on a 30 min frame. in order to have an idea where to expect the next one.... .... and also ... if it comes in early.... then to expect a possible inversion. .... at turning points on daily or weekly time frame... it is harder to measure because the small frame cycles become so extended...... ..... but if the up trend is intact... then it helps to gauge the turns.... .... for example... it might help to gauge if the buy point would come later in the session rather than early....so you might still have confidence in a buy point when it is not acting like a buy day.... "retest ALT size" is from a previous data set..... .... that refers to the alternate wave size on a swing time frame... like hourly.... ..... if price action holds the ALT SIZE on a retracement.... then proceeds to move above the ALT size..... then many times price will come back and test the top of the ALT as support...... ....in the chart shown..... the white line there shows where support should have been..... and support was there as hourly just did a two bar thrust down but quickly rebounded back above the ALT size..... .... the original ALT retracement wave is not shown on this chart because i was trying to show the cycles... not the ALT..... .... the current swing ALT size is about 39 points on globex.... so if price retraces that much .... and you think the trend has changed .... that point is where the bears have to take it further in order to confirm the trend change or not..... if they can't ... then the trend may continue in the same wave degree .... sorry but none of this has to do with Taylor... except the cycles ... which help to time the buy/sell point..... .... by the way... the SWING ALT SIZE ... was taken from the larger size swing wave retracement up .... in the previous down trend.... now that the trend is up... the same ALT SIZE can be applied to the up trend.... at least until the wave progression changes degree.... to a larger degree.... which would mean a larger retracement size while recovering to maintain the up trend.... .... nothing to do with Taylor here.... .... the cycles are what i wanted to show.... two rectangles on upper cycle.... two rectangles on lower cycle.... to measure time.... .... if upper or lower comes in early with a pivot .... then the expectation raises... for a quick move in the other direction before the end of that time cycle.... .... if it comes in near the end of the rectangle on upper as expected.... then you switch to the opposite cyle....lower... and watch to see if it will come in as expected... or earlier...... .... again.... this does not work when the larger time frame (daily weekly) is changing trend because the smaller frame 30min cycles become too extended.... and then don't cycle as much.....
-
.... 10 AM AND 12 PM PIVOTS for the reaction play on friday ..... .... people talking about reversal .... .... for me .... monday is a buy day .... price is at bottom of channel already . ..... so will look for first and early .... 10am or 10.30am pivot.... for buy point.... ... my lower cycle ends around end of session on monday .... but even if low is put in toward end of session.... .... and even if a large decline happens monday .... and if that brings price well below its swing channel ..... .... following the system could still mean a large move to bring price up in an attempt to re-enter channel bottom.... ..... if high is made first and early on monday .... implies that low will be made late in session .... 10.30am pivot high would imply a reaction play down for those who want to go short....
-
... a bit of cycles....