elovemer

two possibilities for buy day retest of tuesday low .... or blast off during globex session for a gap up on thursday morning

wednesday ... short sell day will look for a long scalp on a low made first

tuesday sell day low made first ... no entry

target is low of buy day

got a bounce but not very strong could still test the low again tomorrow and could go lower.... but it is worth another shot

if closes near the lows without a bounce, then buy point will be during globex session

below wed low takes faith

wed low penetrated during globex sunday

low put in on wednesday monday is buy day long on a low made first penetrating the low of wednesday

short sell day ... friday short on a high made first either a move up on the open ... or a gap up or a gap up and a move up the thing i find very interesting is in a bull market .... every one wants to be long but they don't want hangers on doing a 20 point pullback ... and closing at the low of the day .... is the best way to shake out the crack heads if there is a bounce .... look for a retest the next day if there is no bounce... and a close at the low.... look for buy point to be during globex session

this is one reason why i can't do strict taylor rules because even though the daily trend is strongly up .... a 20 or 30 point pullback is exactly what you want for a swing entry and usually .... the first low ... it is not 20 or 30 points therefore when a low is put in and then it is tested ..... you are more likely to get a 20-30 point entry in the direction of the trend in this case we got a 20 point pullback on buy day .... but it doesn't usually do that in a strong up trend

bounced from prev low .... now a low is put in on buy day a test of this low on sell day could be the buy point could test the monday low...... on thursday

wednesday buy day got a monday low and a tuesday low ... to test whenever

so much for short sell day .... looks like next play will be delayed .................................. seems like that holiday thru things off a bit

tuesday..... short sell day

however retail can't trade this way ... because retail does not have faith

not me ..... it's all Taylor. .....no one knows what will happen on buy day . in this case ... it will be the day for longs to close out .... the chances of a test of the low seem quite unlikely the count stays the same so the next play would be on short sell day .... which would be the 3rd day up from the low here is yet another example of why ... for me at least .... the count stays the same and is not important the whole system is buying lows and shorting highs...with rules and for those who say Taylor does not apply to today's markets... F yous ! : 0 )

so far so good .... closers are running the show... stay in

looks like sell day is going to be a weak close could be that short day will be the buy point on a penetration of sell day low

the prev low was friday's low wednesday is a buy day low violation i have tuesday as buy day .... however it did not penetrate the prev low which was friday's low for me ... the buy point is just delayed until that low is penetrated which is happening today ... wednesday in fact today sell day is testing the low of buy day and the low of friday i would like it to get a little further below friday's low ... but that may not happen now it is up to the closers on wednesday to determine how to approach thursday if wednesday closes weak.... then i would look for a penetration again on thursday for another long if wednesday closes strong.... then one could hold on another session if it races back up the high on the same day wednesday ... then taylor says close out and take profits and wait for the next set up

tuesday buy day low made first .... for a long became a high made first before noon prev low was friday's low.... not penetrated taylor says no entry on sell day taylor says enter on short day ... thursday ... friday low would be penetrated on wednesday by thursday would have already bottomed out by penetrating friday low ... unless going for a penetration of PREV thursday's low

opened down made violation first at ... market began to rally from here this decline at opening catches us with long stock bought yesterday at close on any rally from ... we must watch fora place to sell out the point is the buy day low ... at or just above this point the activity slows down and the rally stops or it gains in momentum the price having sold thru this point and with the activity picking up you now watch the ... point buy day high to be reached sell at or thru this point down't follow the rally further

opened up with penetration of ... sell short above the penetration cover the sale on any decline arounds the .... point the short sale day low wait for a chance to go long the market is not rallying and low is being made last but is holding a higher bottom buy before the close buying a higher bottom is usually profitable expect a further rally tomorrow today's action is the same as monday

opened up then sold down no short sale the low is being made first stay out the chances favor a rally later in the session with high made last this day is like saturday on account of violation of last buy day low the high is being made last the closing is up an up opening tomorrow would be a penetration and a short sale above also the 3rd day up from ... on down opening the low would be in process of being made first watch for a buying spot at above or below .... strong closing at high indications for further uptrend

opened down at .... sell on any rally where buy day close gains are lost on selling day opening the selling point to watch it at thru and above the ... the buy day low thru and above this point watch for the activity to dry up and the rally to stop from this point and slightly above the decline can start again sell above this point if the market hesitates or stops violation at .... made last of no use for trading indicates weak short sale tomorrow expet high to be made on next buy day