elovemer

.... i hope no one minds my posting here..... ... if so ... please just ignore my posts..... ....anyway.... we may close the gap today... but by my count friday is buy day ... so i won't look for a long unless it is a low made first on friday .... .... preferably a low below today Thursday's low.... ... 2nd best would be to have to buy a higher low held on buy day ... friday.... ... my count differs from others here....

.... wednesday was my middle day .... i was looking for a buy day low violation for a reaction long scalp.... but only got a double bottom..... ...thursday is my sell short day .... ...since we are already well off 873... i will look for a long on my next buy day which is friday.... on a low made first.....

... no demand.... ...no demand... ...no demand...

... on a five min chart... i find it helpful to use three bar volume.... .... each volume bar shows as the sum of the last two volume bars and the current volume bar....

...whether or not holding monday's short .... may have to wait for next buy day for a long entry ..... which would be friday by my count.... ... as it is possible the current swing trend may be down ....

.... got a low made first on my buy day .. tuesday .... for a reaction long ..... remains to be seen whether it will hold or not.... .... already have a 66.75 point up swing which is good size for up swing to end here

....if new low before the close... then high was made first today .... for the short signal on sell day .... look for a low made first on tuesday for buy day .... unless new down swing will begin here.... for multiple-days down ... by my count only.... .... the high achieved penetration of friday's high for today as sell short day

....today is sell short day for me .... but did not get penetration.... looks lilke may not get it.... ....monday.... was looking for penetration of friday's high with a high made first.... .... if low is made first today ... and high is made last ... then will look for a high made first on tuesday which is my next buy day.... ... for a short.... ...... if the high for today is already in .... then may have to wait for next opportunity....

.... friday went well.... with a close near the high on my middle day.... ... so a penetration on monday for a short is suggested.... .... i could be wrong about 876 not being broken on this 3 day cycle.... ... the high was 75% level of upwards 30min channel.... ... top of channel would be around 885

.... yesterday the high close indicated possible continuation today.... .... a high close today could indicate a penetration on monday for the short..... .... high.... means a close near the high rather than near the low.....

.... thanks RICH .... i think this thread is getting better and better..... let's keep it going... ...... one comment for those who have trouble with Taylor's writing style..... ...... it helps to read it a few times at least.... before it starts to sink in..... ..... i had the idea to edit Taylor's paper and post it here... but i have not gotten round to it.... sorry for that.... .... by my cycle... a short may be taken on monday on a high made first... preferably with a penetration of friday's high..... assuming that friday goes well .... yesterday's action did not quite reach the top of the new upwards 30min channel.... ... thursday's globex low reached the low of my middle day ..... rather than only going as low as the previous day's (wednesday) low (Taylor's normal buy point).... and the last high was not broken....yet...

....thank you WHY .... :0) ... this gain was too fast and also large.... so it may be closed out same day.... to lock in the gain ....... ... as Taylor warns.... these kinds of gains are often given back partially or reversed.. ... up to the trader's discretion..... .... same day means.... before the close.....up to trader.... ..... edit.... don't mean to sound like i know what i am doing.... just taking from Taylor....

.... got a possible low made first today thursday.... for the long entry... .... low of tuesday held..... which was my middle day.... .... if this holds.... then the play is to hold for a large gain to close out same day.....today .....or hold to close out monday for a high made first.... and a short ...if it does not hold..... then the play is to look for a long entry on buying day low violation on friday.....which would be a lower percentage play..... ...edit... we all have different counts... that's ok...

...another issue.... for me .... is that Taylor said not to skip days which are holidays and weekends.... ... as part of the count.... .... if i understand it .... this means that if friday is a buy day .... then saturday is "sell day" ... and sunday would be "short sale day" .... making monday a buy day again.... ?????

... as others have stated here.... even if your count differs .... as long as you follow Taylor's rules.... you will be ok..... ... nice job everyone.... still learning here....

.... if the same day decline off of the 849.5 short is large.... then close out the short to lock in the gain...... .... if it works out.... then next play is to buy a low made first on thursday.....

.... yes it is WHY .... ... Taylor's terminology is confusing to me so i changed it.... ... his "sale day" is my MID .... his "short sell" is my SELL.... .... without comparing my cycle to anyone else's... i will be looking for a high penetration on wednesday for a short early in the session.... .... on wed... if high is not made first.... then i will be looking for a high made first on thurs which is my next buy day..... to short a reaction down.... ... i agree that 876 looks unlikely to be broken on this 3 day cycle..... .... hopefully we can at least get a 61% at 849.5 .... thanks again to all posters.... i am learning a lot from this thread....

.... on my cycle... not anyone else's... ... it will be interesting to see if wednesday sell day high can break the 876 swing high or not... (using buy/mid/sell/buy cycle) ... one possibility is to look for possible failure to break 845 channel center line which is also my break price on daily chart 3 price break

.....sorry... the lines don't matter... ... i just wanted to show my buy,mid,sell cycle......

3 days.. 3days ... 3 days

... I am so glad this thread is still going so i can learn .... ... bickering comes and goes... but the good stuff stays.... thanks everyone.... .... here is a chart which shows the last lower cycle.... and how close the low came to the end of the cycle.....

...no it is for Tradestation ...was hoping to find someone who knows how to translate it for TOS ......................................................

....anyone have this for TOS ? ---------------------------------------------------------------- This eSignal script plots volume in a typical manner with an underlay of the prorated volume until the end of the five minute bar. The first plot is the prorated volume and the second is the actual current volume. This is so the actual volume plots on top of the prorated volume. StephenR0 & David Marshall **********************************************************/ function preMain() { setPriceStudy(false); // so it gets its own section setStudyTitle("prv5ES"); //set up the first plot setCursorLabelName("Prorated", 0); setDefaultBarFgColor(Color.grey, 0); setDefaultBarThickness(2,0); setPlotType(PLOTTYPE_HISTOGRAM, 0); // set up the second plot setCursorLabelName("Volume", 1); setDefaultBarFgColor(Color.black, 1); // this is changed below setDefaultBarThickness(2,1); setPlotType(PLOTTYPE_HISTOGRAM, 1); setStudyMin (0); // bands for du, slow, medium, fast addBand(2500, PS_DOT, 1, Color.red); // addBand(4500, PS_DOT, 1, Color.grey); addBand(7000, PS_DOT, 1, Color.green); addBand(10000, PS_DOT, 1, Color.grey); addBand(18000, PS_DOT, 1, Color.blue); } /* The main function is called with each incoming data item. This means that nothing will plot if no data comes in. */ function main(nClip) { var Today = new Date (); var Minutes = Today.getMinutes(); var Seconds = Today.getSeconds(); var BarSeconds = 0; var Vol = 0; var Open = 0; var Close = 0; var VolP = 0; Vol = volume(); Open = open(); Close = close(); if(Vol == null){ return; } /* Set the volume bar color if higher or lower. */ if (Close >= Open) setBarFgColor(Color.black, 1); else setBarFgColor(Color.red, 1); // First, determine how many seconds we are into this bar. Minutes = Minutes - (Math.floor(Minutes/5)*5); BarSeconds = Minutes*60 + Seconds; /* Now, prorate the current volume for the rest of the bar. Don't plot for the first thirty seconds to try to dampen some of the wild swings that would happen otherwise. In addition, don't plot the prorated volume for the previous bars. */ if (BarSeconds <= 30 || BarSeconds > 300 || getCurrentBarIndex() < 0){ VolP = 0; } else { VolP = (Vol/BarSeconds)*300; } /* Limit the scaling of the prorated volume because wild swings aren't real anyway. */ if (VolP >= 25000){ VolP = 25000; setBarFgColor(Color.RGB(255,192,192), 0); // light pink } else { setBarFgColor(Color.lightgrey, 0); } /* Clear pro rata from prior bar as soon as new bar begins */ if (getBarState() == BARSTATE_NEWBAR) { //setBar( TYPE (Value|Color|Style|Thickness), BarOffset, SeriesIndex, Value ) setBar(Bar.Value, 0, 0, 0); } if (nClip == null) { nClip = 25000; } else { nClip = Math.round(nClip); } setStudyMax (nClip); // Return the array in the right order for our plots. return new Array (VolP, Vol); }

.... infinity for execution and TOS for charting ? or.... ... thanks

... agreed... their charting is decent ... but everything else makes them not competitive.... ... unless you are trading size.... their comish on futures is among the highest... $3.50 per mini contract (inclusive of exchange fees) ... from the website....