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elovemer

Market Wizard
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Everything posted by elovemer

  1. ....i am using my own cycle... no one else's...... ..... I have not taken a look at other people's method they are using.... ....so likewise... i can't comment on what you may or may not be using.... .... but it is great to read your posts... very informative.... thanks
  2. ....the first pink rectangle show what happened the last time the cycle went out of whack....denoted by the purple buy day B ...and purple mid day M....
  3. .....the cycle sure proved out.... but i was wrong in thinking that it couldn't do it..... .... i said the cycle ended around 10 am .... the drop really started to go around 11 am ....but the drop was not early...... instead it finished right at the end of the cycle..... ..... if it had finished early.... i would say good chance of a pop up .... as it stands.... i can't say what is the next move.... except to say that the upper cycle is now quite a bit longer than the lower cycle....unless the low is not in yet.....if we continue down significantly from here without an intervening high.....
  4. .... this part.... i like.... .....good stuff.... .... this thread is going now... this is great..... ...also aside from the confusion of Taylor's method.... the rules he lays out.... are useful even without the cycle method.... .... so even if your cycle is off.... you are protected by using his rules to the tee..... ----------------------- Either way if you trade the logic properly it will be accurate at a high %% of return. That is why some others like Angell re-cycle their days but that only confuses things. When a Day fails to do what it is suppose to do it usualy corrects it self in the next day or two, therefore it is simpler to stick with the original cycle.
  5. i have today wednesday as a buy day.... .... which would make thursday a mid.... and friday a sell ... with monday a buy ..... i am sticking to this cycle until this bull move peters out.... ... as far as my cycle.... the lower cycle ends thursday morning.... .... if it went down and made an early low.... then you might expect a pop up toward the upper cycle ending.... .... but as we are now.... it looks incapable of making an extreme low by thursday morning as it would have to really crash hard to make a low on 30 min frame.... .... sorry if i can't be of more help to you ..... i am trying to offer what i can in hope that others may do so as well and i can learn something from them :0)
  6. hakuna... ... i am not sure if you addressing me or not.... i never mentioned anything about TVGR .... i don't know what TVGR is either
  7. ....forward.... the lower cycle ends thursday morning.... so you might expect some downward gravitation toward that time slot....
  8. ....sure... the horizontal rectangles represent time between last lows...or highs...respectively ....the low one came early.... so it bounced up to finish at the high at end of upper cycle ..... that is time ..... then... the vertical rectangles represent the BIGGEST .... retracement... on the up move .... so in order to remain bullish.... it needs to not retrace more than that amount... it didn't .... then the 3 day method..... you can see.. BMS .... buy,mid,sell,buy ... never ending....two days were out of whack due to retracement pattern.... they are in grey color
  9. ....got a TTM squeeze indicator..... ....works very well..... as does TSI ....is that what you want ? ttm squeeze ? ..... anybody have a ERGODIC indicator for tos ? .....anybody have any idea what settings to use with SMI indicator ?
  10. ...IT IS GREAT ... that some folks are posting here now... .... here is my screen shot... .... see what you can see ...three things going on in this shot.... .... time cycle, price retracement size, and 3 day method ..... see what you can see.... or ask questions..... .... thanks to OP and all posters.... hopefully this thread will get somewhere....
  11. ....with the volatility... i have not been able to apply the method reliably.... .... and my cycles.... stopped working because they keep getting longer and longer... to me that represents longer term change....
  12. ...has anyone coded TRO for thinkorswim ? ...or this indicator ? SHME PushHiLo AutoX ...thanks
  13. ....while the method has been difficult to apply lately due to such great volatility... ....i believe that today.....thursday.... will be a good point to begin a book ...the last cycle on the bottom....on 30min chart.... instead of coming in early.... came in a little late.... ....as one cycle usually comes in early.... signifying that the cycle has switched sides..... ..... usually the cycle does not come in late....especially after the cycle has alredy been getting extended longer and longer.... ...anyway.... we now have a very long upper cycle in place....and a longer lower cycle in place.... ..... these should be good reference points during what appears to be an extended up move coming.....yet to be confirmed....
  14. ....on that M pattern bottom on the daily chart..... ....the last cycle on the bottom is the last two legs of that M ....in this pic.... tomorrow's close would be the end of that length of time.... ....if we get a new high.... we will have an upper cycle length to work with.... ....(edit)....since this is the lower cycle....there is nothing saying that we should get a new high in this time.... rather it suggests that we should get a low in that time..... .... if the high comes later.... until it comes... we are still trending..... ....as we were trending when the lower cycle kept extending longer and longer....
  15. ....gann has a bad rep.... .... all his stuff is based on simple concepts of geometry.... ....if you can draw a rectangle on a chart.... then you are on the path of gann... ....it is beside the point if he discovered his techniques by reading the bible.... ...edit... jack hershey also has a bad rep.... because his writing is loony... ... if you can draw a channel on a chart..... then that is jack hershey....pretty basic... :0)
  16. ....are you sure there is no way to do it ? volume by price.... ...about VWAP..... ...the way i use it on TOS is ... during globex.... i include the previous days action ... and look for a return to VWAP.... .... or look for a return to it ... during regular hours if it did not make it during globex.... ...how do you use POINT OF CHANGE... on the 2 min chart ?
  17. ....a comment about accumulation.... ....williams accumulation indicator on daily chart showed big upwards divergence.... why? .... because despite price action moving lower in the previous week.... this downward movement was not reflected in [close-open] .... which reflects pro activity.... .... if price is moving down... but pros are still buying.... .... or if futures open way down... but pros are still buying.... ...edit...you can see this easily looking at an hourly chart...of trading hours only.... by just drawing one line for each day connecting the close and open of that day.... if price is going down over time.... while the trend lines are all sloping up...it could be accumulation.... ... especially if price is not going down (that much) over time....
  18. ...if you look at tuesday... it was perfect TAYLOR setup.... ....the massive drop on monday .... served to scare out the longs.... ....then the big run up in globex.... served to get joe long again..... ....then the drop during the first half of tuesday served to scare out those who were not already scared out.... ..... but TAYLOR's technique.... says go long on penetration.... and the trading hour low was only penetrated by a half point.... ...this type of action happens quite often on tuesdays and thursdays.... ....maybe WHY has already contributed what he feels that he can.... ....on tuesday... for the first half session...before 12 .... the high was put in first.... which implies the low will be put in last....if it comes before 12.... then you look to assume that the low of the day is in.... and then look for the high of the day to come during the second half of the session.... ....how do you know the high is in for the first half session ? ...because of the double top.... and because the size of the retracement during the first 30 min was exceeded after the double top was put in.... ...when the low was penetrated.... your alarm goes off.... ... then you watch the upwards retracement to see if it exceeds the largest retracement during the down move.... ....the high at 11am accomplishes this... ... so you consider that the direction has changed after the low penetration ....during the up move... you want to see something which suggests upside continuation... .... if you consider that 12 is the end of the first half session... compare 11.45 and 12.00 points.... ....the retracement between those two time points... exceeded those after the low was put in before..... .... this suggested either a change in direction back to down... or a change to a larger degree wave... .....for me the signal that volume had changed sides was that.... stochastic went from over bought at 11.45 to oversold at 12.00.... despite the relatively small size of the move which occurred between those times.... ....this gets into elliott wave stuff.... but the taylor setup was beautiful.... .... with that lower cycle getting stretched longer and longer.... it implies that the next high will be very strong....and it was.... ...about indicators.... i like TTM squeeze ...and TSI ... true strength index... because the both seem to take time into account by incorporating ma's .... ....the first tipoff about yesterday was that the globex low failed to exceed the previous day's globex low....which it had not failed to do theretofore....
  19. ....the cycle on the lower .... kept extending longer and longer with every new low .... without an intervening high.... .... now we have a very long lower cycle length..... ..... the current upper cycle length is still unkown ...... ....maybe best to use the old upper cycle length for the time being until it is invalidated
  20. ....limit down could have a good panic effect for a pop.... but this is an extreme market right now.... have to be careful ....the rule of thumb lately seems to be ... book the gain immediately.......don't hold on for more
  21. .... a new low on friday.... would be a violation.... ....on a buying day low violation... ... "when this decline is made FIRST and early in the session, we buy as near this low point as we can"....
  22. ...edit... the lower cycle length... should be changed... to include the low at end of day.... so it will be a longer cycle on bottom ...edit.... you said "violation" ... but if today is buy day... it is actually penetration... not violation... ... a violation would be a new low made tomorrow... the day after presumed buy day... ....edit.... all depends on where and how it closes.... ...got a 127% extension penetration instead of 161% .... .... but it is coming at the close ...rather than the open.... .... according to the system... this implies... the possibility of a low violation tomorrow....depending how close the closing price is to the low of the day ....so the upside target becomes the high of the day.... .... if the close is in the upper range of the day .... then the target can be higher .... but a big fast gain must be booked.... since the penetration did not come at the open.... .... best if trading multiple contracts.... so can take off some
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