elovemer

...sorry... mistyped..... meant to say "end monday morning" ... not friday morning

.....the new cycle on top is in white.... ...the new cycle on bottom is in green.... ...looking at the top cycle.... ... you can see that if thursday is buy day... on either a low penetration...or buying a higher low on buying day..... then the cycle would end friday morning for a high made first.... ...whether that happens or not is unsure....if the high comes early... then expect the low cycle to come in...and vice versa.... ... i will post my updated book.... [changed] to reflect the sell day monday... ....prices shown will be trading prices.... globex prices shown in [] brackets ....as said before.... i am not an authority on the taylor method... my methods are a work in progress.... as may already be appreciated...

....yes globex also ... ....the was high violation on monday of friday's high.... ...today's action with price gapped down at open.... is very good assuming that your short has already been entered.... ....also.... all shorts should have been exited.... .... a low penetration...with futures up so much...looks unlikely.... ....so if there is no penetration .....the next choice for a long would be higher low on buying day.... .... if that does not happen.... then the next choice is to wait for the next sell day.... ....going to post a chart of the new cycles.... -------------------------------- ......on upper cycle...large one... getting close to end of cycle.... waiting for an early high.... or a high at end of cycle.... ...an early high... would suggest a faster extended low to follow .... if including globex hours... (you) could have taken monday as sell day with the slight .....penetration of friday's high ... at the close ---------------------- Do you take into the globex action. On Tuesday the high on the day session was 986, whereas Monday's high was 992.75, so there was no high violation in that respect. Also how would you handle today's action, with the price gapped down at the opening? Illustration with charts would be helpful

....so if you took monday as sell day at end... ... or tuesday as sell day at open.... you did good.. ...the ideal is a high made first not last.... ... so according to the system you should have looked for a penetration of the monday high ...if you notice on the cycles.... ... on the upper cycle ... the high came early on the upper cycle... which hints at a quick and extended low ... .... this low came today .... right at the end of the lower cycle.... ....with this huge drop.... confirmed by the end of cycle... you would of course take off all short positions.... ....next step is to wait and see how it closes today wednesday... .....and look for a possible low penetration on thursday for a long entry....

....."mid" means day 2 ... the second day of the cycle.... ....in my method ... ...in Taylor's method .... if uptrend... day 1 is buy day ...day 2 is mid day....day 3 is sell day.... .... and day 4 (day1 ) is buy day.... ...if downtrend....day 1 is sell day ... day 2 is mid day ... day 3 is buy day... ... and day 4 is sell day..... ....also he said it can be 1-2 extra days... ..uptrend would be ....buy 1 ... mid 2...(mid3...mid4).... sell 5....buy 6 (1) ......for a 5 day cycle

...ok that first chart... is about the cycles... ....three sets... a set of small upper cycle.... a larger upper cycle...and a lower cycle ...on the small set of upper cycles....price is squeezed down... instead of fiinishing on a high price.... it finished on a low price ...this represents possible trend change.... ....instead of making an early high....or making a high at all.... it made a low at end of cycle..... ...on upper cycle...large one... getting close to end of cycle.... waiting for an early high.... or a high at end of cycle.... ...an early high... would suggest a faster extended low to follow ..on lower cycle.... waiting for an early low.... ...an early low... would suggest a faster extended high to follow ....everything must be kept in perspective....in other words....highs or lows (in relation to) the size of the cycle.... ... i.e. you would not expect a massive high on a small cycle... unless it is part of a bigger cycle as well ...also the cycles ... exist within the price channel -------------------------------------- ...next chart is "days" ...this just designates which days were buy and sell for the book method ---------------------- ....next chart is "penetrations" ...this show the penetrations of previous low or high.... at 161% extension ...this chart only show trading hours...not globex hours ------------------- ....next chart is "first" ...this chart just indicates that the low was made first....or the high made first ....tuesday... will be either a sell day .... or another mid day.... .... if gap up for early high.... then sell day.... .... if including globex hours... (you) could have taken monday as sell day with the slight pentration of friday's high ... at the close ---------------------- ...last chart is recent book made for several days.... ...previous to this.... price has fallen hard... making book method unnecessary and confusing unless you have just held your short ....decline/rally column is for the swing.... ...plus/minus penetrations is for sellday/buyday ...D/R is decline/rally for the day only ...HH higher high.... LL lower low....etc... ...next column refers to pinball indicator on daily chart ...PS .. means Switch ...PE ... means Extend ...PNE .. means No Extend ...on buy day... indicator switches from low to high ...on sell day.... switches from high to low ... on a mid day..... indicator extends in same direction as switch ..... note... on last sell day .... indicator did not extend in same direction for a mid day.... indicator went down slightly as price sold off hard and made a higher low.....

...couple of charts

would like to get volume by price for ToS

...your are welcome... ...i did not code these... ... i think i found most of them on the following blog... http://hankachilles.spaces.live.com/

...bearbull, ... i am sorry i have been on the road.... and have not had time to dig in yet... ....but here is a shot of the cycles on that last run.... ....where the bottom cycle came in early.... and caused the top cycle to end fast and strong.... ....obviously... the drawback to using this method to gauge days lost/gained is that seeing the cycle is a subjective process.... ... or should i say "placing" the cycle....

....great.... :0) ....well....the only tricky part seems to be explaining why the 3 days goes out of whack... when it skips a day or adds a day.... .... my method is to watch for when the 30min cycles come in early.... ....i will try to post more later.... for now.... here is the next update to my book ... this is for the ES futures... ...with today Wednesday being the buy day.... where thursday would be day 2... and friday would be the sell day.... ...today was perfect buy day action.... a slow incline in premarket... then a drop to just below yesterday's low for the buy... this low occurred at 8.00am which is not accounted for in the book because it only includes real time prices .... i will be travelling for about one week... so i won't be able to post during that time...have to get a new visa ...edit... btw... i might just have to edit the Taylor book myself and post it... it would be a good exercise and could help others....as his book is truly great... just poorly written and disorganized

try again ? declare lower; input Length = 20; input price = close; ###################### def e1 = (Highest(High, length) + Lowest(low, length)) / 2 + Average(close, length); def osc = Inertia(price - e1 / 2, length); plot oscp = osc; def diff = reference bollingerbands(length = 20)."upperband" - reference KeltnerChannels."Upper_Band"; plot mid = 0; mid.assignValueColor(if diff >= 0 then Color.UPTICK else Color.DOWNTICK); #oscp.assignValueColor(if osc[1] < osc[0] then Color.CYAN else Color.magenta); oscp.assignValueColor(if osc[1] < osc[0] then if osc[0] >= 0 then #UpPos createColor(0, 255, 255) else #UpNeg createColor(204, 0, 204) else if osc[0] >= 0 then #DnPos createColor(0, 155, 155) else #DnNeg createColor(255, 155, 255)); oscp.setPaintingStrategy(PaintingStrategy.HISTOGRAM); mid.setPaintingStrategy(PaintingStrategy.POINTS);

...here is TTM squeeze... .... declare lower; input Length = 20; input price = close; ###################### def e1 = (Highest(High, length) + Lowest(low, length)) / 2 + Average(close, length); def osc = Inertia(price - e1 / 2, length); plot oscp = osc; def diff = reference bollingerbands(length = 20)."upperband" - reference KeltnerChannels."Upper_Band"; plot mid = 0; mid.assignValueColor(if diff >= 0 then Color.UPTICK else Color.DOWNTICK); #oscp.assignValueColor(if osc[1] < osc[0] then Color.CYAN else Color.magenta); oscp.assignValueColor(if osc[1] < osc[0] then if osc[0] >= 0 then #UpPos createColor(0, 255, 255) else #UpNeg createColor(204, 0, 204) else if osc[0] >= 0 then #DnPos createColor(0, 155, 155) else #DnNeg createColor(255, 155, 255)); oscp.setPaintingStrategy(PaintingStrategy.HISTOGRAM); mid.setPaintingStrategy(PaintingStrategy.POINTS); ........... and here is VWAP ..... plot Data = TotalSum(Volume * Close) / TotalSum(Volume); ................ and here is TICK ............. declare lower; plot data = high("$tick"); Plot Data2 = low("$tick"); plot ZeroLine = 0; plot up = 800; plot down = -1000; Plot Noise = 600; Plot Noise2 = -600; zeroline.setDefaultColor(color.blue); Noise.setDefaultColor(color.yellow); noise2.setDefaultColor(color.yellow); up.setDefaultColor(color.uptick); down.setDefaultColor(color.uptick); data.assignValueColor(if data >= 800 then Color.upTICK else Color.blue); data.setLineWeight(2); Data.setPaintingStrategy(PaintingStrategy.HISTOGRAM); data2.assignValueColor(if data2 <= -1000 then Color.downtick else Color.blue); data2.setLineWeight(2); Data2.setPaintingStrategy(PaintingStrategy.HISTOGRAM); ZeroLine.setDefaultColor(GetColor(0)); ............

....is this thread dead already ? ... if so... let's revive it....

....my Taylor technique is a work in progress.... ....so basically... i use what Taylor wrote... as simply as possible.... with his rules as guidelines for what to watch out for.....as far as "first" and "last" ....the problem with applying his approach... is that we are not him.... ....anyway.... if you look at my book.... ... you notice "LOST" and "FOUND" ....the meaning is... a day is lost if there is a buy day... and the next day is a sell day... for example....with no (day 2) coming in between... ... later ... the lost day reappears as a found day.... ....the result is....when you get a found day... the cycle extends beyond 3 days... and when you lose a day... the cycle is cut short to 2 days ... at this point... the 3 day cycle goes back to normal.... ... the question is.... how does one account for the LOST and FOUND days... ? .... what i do is.... i use a geometric shape to measure the cycle length of the highs and lows on the 30min globex chart.... ....for the highs... make a rectangle which graphically measures the length of the high to the next high.... .... you might get 2 or three or these before the cycle length changes... ....and the same thing for the lows.... ....just put your highs rectangles up top... ... and your lows rectangles down bottom... ...now.... how to make use of them rectangles ? .... well.... if you get a swing high which comes in early....i.e. ... not at the end of the cycle.... then you start to suspect that the low will be extended and that it will start moving fast... to make it before the end of the cycle.... .... if the low does not come in .... then expect an even higher high to come in .... and vice versa... if the low comes in early on its respective cycle....expect that the high will be extended .... ....and if the high does not come in .... you can expect an even lower low to come in..... ..... these changes in cycle.... represent the change in the swing wave direction..... and cause the 3 day method to go out of whack temporarily.... .... so the first pic... is my book .... the 2nd pic is the 30 min cycles... .... on the 30min chart... you can see that the 3rd cycle high came in early.... and this caused the next low to be extended....which threw the 3 day method out of whack....lost a day.... .... on the 3 day... i use buy... then day 2... then sell..... otherwise it is out off whack... or out of cycle... until it comes back in.... ...edit.... the cycles shown here represent the reason the method went from a buy1 day to a sell2 day the very next day..... this happened earlier in the book once before... but i did not post the cycles for that one... it worked the same ...edit... also i would like to say something about Taylor's book... .... the dang book is amazing because he accounts for almost all situations.... ... the bad part is .... he draws from here and there in mid paragraph... mid sentence...very disjointed... ... would not be a bad idea to just rewrite it chapter by chapter.... using clear sentence structure... ....in addition.... the print is hard to read... another reason for rewriting it and posting it here.... ... work in progress.... thanks for making this thread....dedicated to Taylor

.... a little bit of self-verification goes a long way.... ... of course i would not waste space on this board unless i had already gone down those avenues.... ... unless you can prove me wrong on those being unavailable...check yourself before you check others .... don't mean to sound rude... just tired of people who don't really know what they are talking about... i am one also for sure ....also... there is no need to quote my LONG POST... when it only wastes more space

...could someone please post the following if they have them.... by Wyckoff... ...studies in tape reading... ...tape reading and active trading 1933... ....stock market science and technique 1932... by Klein ....chart method and trading system by Gann ....How to make profits in commodities ....Speculation a profitable profession. ...45 years in Wall Street.... by Pruden ....Buying springs and selling upthrusts ....Jumps and backups .....i have a couple of things by gann and wyckoff if anyone is interested....(also by Gartley) ... this thread is great.... i find that using the 2 hour chart helps with seeing volume at work

... if you are referring to Daytrader's Bible... already have that.... ...thanks for your help ... "in this business"

....would someone please post a copy of this book on this website... .... http://www.4shared.com .... thanks very much

...it seems that the big boys accumulated.... only to provide themselves with an exit before the drop.... possible ....to those who took the rocket ship up to get short.... nice job.... .... those who act... are the ones who deserve the gains.... ... anyway... VSA provided a great opportunity to you who knew how to read it... .... i will look to the next opportunity as i misread the speed of this rise.... ... thanks for your response gassah.... .... i think that this drop would have been much more surprising had it not been preceded by the manufactured exit which followed the accumulation (i realize the market does not care what i think :0) ) ....had the market tanked immediately after the accumulation period... it would have been more confusing to me (i was hoping for more upside:0( ).... ... thanks for this thread and all the contributors.... i appreciate the education you all provide ... and thanks for putting up with noobs like me

...before today's big up move.... thursday .... monday.... average spy volume finished half way up the daily bar .... tuesday... massive volume.... but closed almost half way up the bar .... wednesday... doji at lower end of bar....inside bar.... very high volume .... to me this seems like clear signs of accumulation ....although i am posting this ex post facto.... it seems that there may be more to come in the way of upside ....others posted about possible accumulation... but they did not seem convinced .... am i wrong in interpreting this as being a very very clear sign of accumulation? .... just curious as to why others more knowledgeable than myself with VSA were not more certain about this ..... or was it not as clear beforehand as it seems to be now.... in hindsight ? thanks amateur at vsa here