Gann Trader

This is absolutely incredible, that after all these years this thread is still alive, the last time I posted here was back in 2011, best wishes to all the newcomers that are learning about the Taylor method for the first time

Symmetrics, Just saw your post, can you tell me where I can purchase Rondinone courses, I believe he created several of them, thanks

Hello Apig, I am interested in purchasing Rondinone course material, can you tell me where I can purchase them from, I am not able to find any links to a website that offers his trading methods thanks

Tony Crabel book is a must read, "Day Trading with short term price patterns and opening range breakout" Linda Bradford Raschke also wrote a excellent book, "Street Smarts: High Probability Short-Term Trading Strategies ", read these 2 books and they will improve your trading

hi mitsubishi, Actually I never stop trading, I just stop using the Taylor method after my very disappointing experience, so I had nothing else to share. with the group since I was no longer using it. I am a day trader, I trade primarily the Emini SP , the Taylor method just does not fit my style of trading. Its probably useful for someone that position trades but I am flat all my position before closing. bobcollett I will check out page 595 as you suggested, thanks

hi mitsubishi, Good hearing from you and I hope all is well with you and your family. Well believe it or not but I am just using some basic moving average indicators along with chart pattern recognition. Al Brooks has written several excellent books on price action, just do a google search, simple having a sound knowledge of chart pattern is all you need to make money trading the markets and I found this approach to be reliable when used in conjunction with a simple moving average indicators. Taylor's idea is sound but perhaps todays market is a lot different from the market that Taylor traded back in the 1950's. richbois Has done extensive work with the Taylor method and he is also a vendor, I have a lot of respect for the work he has done and have read and learned a lot from what he discussed in his thread on this site and on My PIvots, perhaps he can share with us his experience, but I would really love to hear from anyone who is using this method to trade real money that has had success, its quite different from paper trading where there is no pressure to make a decision

Very difficult method, works on paper trading but in real time it did not work for me, I tested it for several weeks on paper and the results were great but when I applied the method with real money, I immediately lost about $1000 in just a few days. I would honestly not recommend this method unless you have taken the time to thoroughly test it on paper and have enough confidence that it will work for you in real time trading. Or perhaps you could just use it as a timing method, to determine the direction of the market, that is to find out what day is a Sell day or a Buy day, then use some type of simple crossover moving average system, like Bolinger bands to refine your entry price. But simple relying on the Taylor method 100% could prove to be a disaster. I honestly studied and tested this method over several months, I kept and maintained a book and logged all the trades on a daily basis, but strangely enough once I decided to use it real time it failed miserable. Maybe other have had better luck with it than I have. But I have since put the book back on the shelf and have no plans to open it again in the near future.

Thanks for sharing the chart and your comments, looks like a great indicator

Anyone using Trend Wave indicator for Ninja Trader or Super ADX, I would appreciate your comments as I am thinking of purchasing them

hi Tams, Thanks very much, I really appreciate that information, are you running Jurik on Trade Station or Ninja Trader thanks

Can anyone recommend the best settings for Jurik JMA, RSX, CFB and VEL

Does anyone have the ELD for this indicator, or is it available for NT, thanks

I hope I am not posting in the wrong thread but I need help formatting some 3rd party data for TS I would like to exclude the last 2 lines in this data sample . I am aware that the instructions has to be written in the attributes folder and that ,, needs to be written on the header line, but I am not sure how to do it correctly. Below in my sample data you will see there are 9 columns of data, representing date open high Low close, volume open interest, I would like to exclude the last 2 columns 199503,461.45000000 I can delete them using Excel, but I wanted to know if there was a easier way using either the attribute folder, or including some instructions in the header line within the data date open high Low close, volume openinterest 19950103,821.75000000,822.50000000,820.75000000,82 2.00000000, 48984, 211544,199503,461.45000000 thanks very much

Does anyone know how to convert Ascii futures data into Metastock format

Hi Bobcollect Mitsubishi, should be highly commended for the TTT analysis he does, I have been studying TTT since last November, it was very difficult in the beginning but the 3 day cycle that I started seems to be working great. My book is on the SP 500, but I am learning a lot more from Mitsubishi

Great chart and excellent detailed instructions

I actually was not implying that any vendors indicator would give you a 90% return, I was simple stating that it was possible to develop a method with the ability to forecast tops and bottoms because most indicators are lagging and they tend to generate false signals. There are natural geometric cycles within the market that constantly repeat themselves, its not an accident when a market makes an important top or bottom, the markets are cyclical in nature and with some work and a bit of research, these cycles can be identified and profitable trading decisions can be made.

elovemer, Just curious to know how long have you been studying the Taylor method, you seem quite knowledgeable with his method

That was an excellent assessment you made about Taylor and his method. I am beginning to get comfortable with the Taylor method, it took me several weeks of studying and practicing, but from what I have seen so far, its quite accurate. I am on a different cycle day from you but you were right it does not matter because I can see that the pattern is still effective, I covered my short and went long this morning while the market was selling off. Today was a buy day for me, for most of the day the market was down then in the last 30 minutes, it reversed and closed up, again proving that the Taylor method is alive and well. You are right when you say that there is not much known about Taylor and like you I would like to learn more about him and his past. Someone who I have never met gave me his book about 10 years ago but it was only about 3 weeks ago after reading a thread on this site that I decided to open the book and discover what was so fascinating about his method. It was a very difficult learning curve as most anyone reading his book for the first time will realize but the technique is deadly accurate.

You have all provided valid and constructive ideas and the general consensus appears to be that developing your own method is the wiser choice versus purchasing a method from a vendor, however the task of developing a professional level trading software is not as easy or simple as some of you may have suggested. The basic approach by the less professional vendors seem to incorporate the standard moving averages, RSI, bollinger bands, overbought, oversold indicators and breakout strategies, etc, but these are very basic studies and todays market is a lot more sophisticated than in the past, making these studies irrelevant or obsolete and the reason why most systems fail to produce a profit. To be able to design a profitable system I would think it would require thinking outside of the box, that means not using the same approach or the same set of technical tools as everyone else . The majority of indicators tend to lag behind the price direction in the market so they generate poor entry and exit signals. So to create any kind of method that would be profitable, would require a certain level of sophistication whereby a preemptive decision could be made. What I am referring to is to having the ability to forecast market directions before they occur, the ability to strategize trade signals with a 90% accuracy. To be able to identify the hidden cycles within the market and capitalize on that knowledge, Using the above criteria as your core building platform within your software architecture, then implementing a smoothing indicator such as the Jurik indicators to remove the noise, or perhaps the Hilbert or Hurst sine waves this would only help to enhance your entry and exit points. This in my opinion would be the direction I would take if I decided to develop my own software as you have all suggested, but such a software may have already been created. While the idea that I am proposing may appear to be a star wars type idea, or something you would only find in a science fiction novel, stop and think for a moment that the greatest discoveries of the past began from ideas that were ridiculed ,scorned and rejected.

According to Taylor, once you start your cycle count from a major high or low, there is no need to change the 3 day pattern because that cycle will continue into infinity. What is your opinion about that, do you believe if a cycle that started 5 years ago for example, is it still reliable today, and do you further believe that if you and I are trading the same market but due to the fact that we used a different high or low as our start date our cycle falls on different days, therefore how accurate or in accurate could our trades be. Your thoughts would be appreciated

hi Steve46 Great hearing from you and thanks for taking the time to reply. Well your suggestion is well taken but even though I have been trading the futures market for more than 20 years, primarily from a technical perspective, I am not a programmer so attempting to design my own system would not be within my capabilities. For me to even make an attempt it would mean devoting time to learning easy language for Tradestation. So with that in mind I would rather focus on someone else method, but someone that has established a track record of success with a background in trading. There are several good public methods available and individuals with a proven record of success, for example Linda Bradford Raschke who wrote "Street Smarts," Tony Crabel who wrote "day trading with short term price patterns", larry pesavento who developed a few methods based on H M Gartley and of course the various methods of WD Gann. Anyone of these authors just to name a few have done more in the area of research than any of the above two mention systems, and yes if I was able to and I agree with your suggestion, it would be a much more prudent decision to develop my own method based on any of the ideas from the authors I referred to.

Just curious about your cycle days, you have monday as a sell day, I have monday as a short sell day, so I went short today above last Fridays high of 1348. How long ago did you begin your cycle count and are you market specific