elovemer

opened down ... cent buy market is rallying first on buy day sell short on the penetration of ... cover sale at tru or above ... or if and when you get a profit watch ... as your buying point market is quiet and is trading at .... the low is being made last buy is holding a ... cent higher bottom buy around this price market is closing up from the low support is higher than yesterday expect a further rally tomorrow

market opened down too much concession from previous close fo a short sale low is being made first on a short sale day let it alone market can rally before the close and make the high last an uptrend indication on account of buy day violation at ... yesterday we might get a high for a short sale made first tomorrow this would be the 3rd day up market closed strong expect further uptrend on monday

opening down and declining .... is now a ... cents violation obeing made first buy at the market sell out on any rally before the close watch the ... price this is the selling objective at thru and above this is the 3rd day down from .... the strong closing and on high for the day is short covering and could be the end of the rally on account of the violation the price may fail to go as high tomorrow many times the high is made on the next buying day

market opened down and declining no chance for a short good action for a buy low being made first at .... the buy under is ..... this is about the average unit in the buy under column buy at the market don't expect a big rally following a big D column unit decline market not rallying looks like a flat closing sell out before the close expect down opening tomorrow with a chance to buy a buy day low violation made first

opened up with a penetration of .... high being made first sell short this is the 3rd day up from monday market active and declining at .... is off .... points fairly severe reaction market trading around this low cover short decline can continue or can rally being out, stay out middle closing between high and low tomorrow is a buy day watch .... at or below for a chance to buy on an up opening and further rally tomorrow try to get out a short sale

opened at previous close to down next immediate transactions are on the upside watch the .... as the selling objective for your long stock sell on the penetration thru and above .... high being made last close at high for the day expect up opening tomorrow for a short sale on penetration of of today's high

you don't need a chart to put an order in to buy below friday's low

buy day market opened off high made first on a sluggish rally failed to penetrate Short Sale high sell short cover on decline on penetration of low buy under is 1.1/4 points from short sale high buy around .. .. market has time to rally if no rally sell before close rallied and closed strong expect up opening and further rally tomorrow

what are the chances of tuesday hitting the low of sell day and Short sell day ? well it can't... unless it is done during globex session possible higher buy day low then

i believe cash is closed on monday so buy day..... tuesday and friday -------------------------------------------- following week buy day ........... wednesday after that week buy day ............ monday and thursday ---------------------------------------------------------------- i traded nq today .... just not enough volatility on es on fridays

strict Taylor rules say go long on a low made first ... below the low of SS day the low below SS day low .... only occurred during globex so if you include globex ... you are fine if you take a low made last (globex) if not .... you missed it

...CYP... because every place buyers should have stepped in ... there was no follow thru taking it down one way 20 points ... traps the small longs ..... they can't get out ... fuel for thursday first group of 10 point buyers were trapped .... 2nd group of 20 point buyers were also trapped ---------------------------- ------------------------------ this is an interesting scenario which doesn't happen very often ... but is repeated. NO BOUNCE ... if there is a bounce before the close on buy day .... the buy point on sell day is set up for a test of the buy day low however there was no bounce and all longs are trapped in this case ... the buy point comes during globex ... below the same day's low this is tricky.... basically if you didn't buy during globex .... you missed out completely ---------------------------- if going by strict Taylor rules.... this was buying a higher low on buy day however Taylor would say don't buy a higher low if it occurs at the close so by strict Taylor rules... there would have been no long at all i may be incorrect about that but i believe that's it according to Taylor

no bounce .... so globex is buy point however didn't make it to 10 points below the low

globex.......... ================================================== for me .... i would like to see a low put in on monday then a test of that low ..... if there was a bounce after the low, then a test the following day ..... if there was no bounce.... and the low was put in at the close, then a test of that low during globex session

i saw no buyers at all today .... pretty sneaky after that premarket 10 point move up that is how they do it....

i am saying that buy day would have been a buy point if it had not been up i am saying the buy point is delayed by a day .... because buy day did not test the low that was put in this is not to say that a buy point on sell day would stick..... ... it is just to say that there is an opportunity i am saying i am looking for a buy point here .... on sell day .... 10 points below the low .... around 28 .... however if it gaps down 20 points, the buy point would be lower having said all of this, i think the whole past week looks like distribution to me ... .....20 point ranges... with gaps each day .... highs and lows all equal ... all occurring at swing highs... to me that represents possible distribution ....and the more days that occur like this ... the more distribution it represents to me the taylor method is nothing more than trying to skillfully buy lows and sell highs after all.... the best way to buy low sell high is to try to buy lows and sell highs... with the trend however if tomorrow gaps down 20 points, then i would advocate waiting for a further 10 point down move during trading hours to choose a buy point daily upside targets have been hit already... if an hourly chart lower low is put in tomorrow, then all it takes is an hourly chart lower high... to start a new down trend

taylor says buy day is a long below SS day by my count wednesday is buy day ... a long below the low of tuesday for me .... a low put in on tuesday set up a long on wednesday .... however globex messed that up here is where i differ.... taylor would say thursday is sell day and to just stay out. however i say ... there is a low put in on tuesday ... and the same low put in on wednesday for me that sets up a buy point 10 points below the low for a buy point on thursday thursday is sell day but for me it doesn't matter the chance for a buy point is set up ... that is how i differ from taylor who would say to just stay out on sell day there is also friday's low ... and ten point below 38 is 28 ... which is below friday's low as well the more people... that can be wrong at once.... the bigger the opportunity for those who are right

let's say you read Taylor's book and you say " this guy is drunk " well as someone pointed out much earlier in the thread .... one of the gold nuggets of his system is high made first and low made first several things 1. if there is a low made first and early .... you expect a high to be made last ... you are playing with the odds on your side 2. if there is an up trend, you are looking at lows made first...... as opportunity to go long 3. if there is an up trend, and it looks like a high is being made first.... you look to either stay out or wait for a low to be put in when there is normal range, there are usually maximum two trends during a session when range is low ....( for example when the first move doesn't go far enough ).... the day might end up a low range day .... and you probably want to stay out completely .....that is where Taylor's book comes in... knowing about how far a move should go for me it is about 10 points... for others it might be something else the point is ... Taylor is a drunken genius, if you just take what works and make it your own .... saying his methods don't work in today's markets is just nonsense. in an up trend.... there are not many good chances to go long.... however following Taylor's rules..... will identify these opportunities for you when they are available .... if you use them I would love for someone perusing this thread to come up with any information about this guy ... because i think very little is known about him aside from his journal/book he put out

low definitely put in on SS day but looks like slim chance of a test of this low for buy day wednesday

In Taylor's book, he describes picking the lowest point in the last 10 sessions. and to choose this as buy day . So accordingly, which day you pick to start your cycle is not so important as following the trading rules Taylor sets out in his book. I remember struggling with the same idea you are referring to .... the idea that if you don't have the right day, every thing will be off. But if you follow the cycle for any length of time, you will notice that it goes out of whack quite often. It doesn't work perfectly. I mean the low or buy point does not always come on buy day. This is why I modified my system to account for this. for example. if the day before buy day is an up day, i don't put much stock in buying on buy day . however if SS day is a down day , i put more stock in a buy point on buy day. the best scenario is if a down is put in on SS day , and then a bounce. after the bounce, if the low is retested on buy day .... that is my ultimate buy scenario... assuming an up trend of course. however, many times no low is put in. so what i do is i just wait for a low to be put in.... then look to buy a retest of this low. this retest may or may not come on buy day. regardless of this... i keep the count the same. the only purpose of the count .... is to give you the feel of the 3 day cycle. for example. let's say you buy on one day. then you want to close out the next day. or two days later. but definitely 3 days later. if you don't keep a count, then you don't have the sense of when to close out or when to look for a short in an up trend. for example, 3 days up from the last low is a good time to look for a short. i hope this helps. ------------------------------------------------------- Your thoughts would be appreciated

. yes i am market specific. yes i have monday as a sell day. my count is not so important... because i am not doing pure taylor. what i am doing is looking for a low to be put in .... and then looking to long on a lower low after a small bounce from that low i have tuesday as a short sell day i am expecting a gap up .. .although anything can happen in the market and it always does happen if what you don't expect to happen didn't happen, there would be no market.

i am always bullish on tuesday and thursday ..... in this case ... tuesday will be a SS day .... short scalp on a high made first of at least 10 points .... or a long on a low made first of at least 10 points below ... the low of sell day monday .... is unlikely .... because of up trend probably will gap up as usual .... and possibly a pull back for a long entry ... if lucky if the gap is large enough .... probably very little if any pullback friday buy day was the swing entry ... to hold but how many retail traders are willing to take that entry and hold over the weekend ?

monday .... sell day ..... close out longs and get long again if desired.

....some jack asses say that taylor's methods are out dated and that they don't work in today's market ....i say those jack asses are jack asses.... if it doesn't work for you .... then take the few tid bits that do work and use them

for people who are just getting into taylor..... download his book for free there are a couple of pages at the end where he is doing a journal of trades taken forget about the book itself..... just read these few pages .... a few hundred times.... then compare to a couple of weeks in your chosen market and try to make similar notes of your own ... for your chosen market i think this is a better way to understand what he is doing than trying to make a lot of sense out of his writing