Taylor Trading Technique

[elovemer 10]

to me... that means include them.

 

to you it means exclude them.

 

oh well : ) it doesn't matter

 

Taylor - The book is always kept in this order, never change the continuity and there are no lines left open for Sundays or Holidays, the market is considered as a series of continuous sessions without a break.

 

My English not good...

[elovemer 10]

a long is permitted on short sell day if low made first and early in session

 

 

... probably no action to take on friday ....

... must wait until monday for a short sale day ....

[Tolkin 10]

My small visual Indicator for Multicharts

 

In intraday charts, display R,D,BU,BH for privious day ( Visuals, Not have count )

TeylorInd.pla

[elovemer 10]

.... nice sell off

 

... tuesday is a buy day

 

a long is permitted on short sell day if low made first and early in session

[Tolkin 10]

If my Indicator select:

 

Period: 2

Ext: 1

 

We have formula on subgraph

 

Blue line: High ( Today ) - Lowest Low ( 2 previous days )

Red line: Low ( Today ) - Highest High ( 2 previous days )

 

Visual this method 3 days Taylor, Buy in BD ( Low ) and Sell in SSD ( High )

 

On subgraph we see 2 extreme points ( Blue Line ), may be this is SSD ?

 

What about this count, it is correct on SPY ?

 

PS. But it is an ideal situation when on a blue line extremal point according to a cycle of 3 days have turned out

 

Usually these extremal point are not synchronised on a cycle of 3 days, I do not know as correctly or better (make) rephase cycles

Edited December 20, 2010 by Tolkin

[elovemer 10]

...missed the long today

may be forced to buy a higher bottom tomorrow on buy day

 

don't look good at this point for a good entry

.... nice sell off

... tuesday is a buy day

[elovemer 10]

low made first on short sell day

... weak close

 

...missed the long today

may be forced to buy a higher bottom tomorrow on buy day

 

don't look good at this point for a good entry

[elovemer 10]

looks like the buy point was on short sell day

 

can't buy a higher low on buy day on a gapped up open... too risky

 

 

low made first on short sell day

... weak close

[elovemer 10]

thursday ... is next short sell day

 

last short sell day turned out to be a great buying opportunity after the sell off

 

looks like the buy point was on short sell day

can't buy a higher low on buy day on a gapped up open... too risky

[elovemer 10]

.... strong up trend

 

...buy point comes on same day

... like last cycle

thursday ... is next short sell day

last short sell day turned out to be a great buying opportunity after the sell off

[elovemer 10]

monday is buy day

........................

......................

 

.... strong up trend

 

...buy point comes on same day

... like last cycle

[elovemer 10]

....low made first

prev high is 55 ... if that is hit same day ... close out same day and wait for next opportunity

 

if it is not hit... if close is strong... hold another day

... if close is not strong.... close out same day... depending on trader's criteria

 

want to see a high made last on this buy day

 

.... wednesday is short sell day

 

monday is buy day

........................

......................

[elovemer 10]

it takes discipline to close out the same day ... don't be greedy

 

....low made first

prev high is 55 ... if that is hit same day ... close out same day and wait for next opportunity

 

if it is not hit... if close is strong... hold another day

... if close is not strong.... close out same day... depending on trader's criteria

 

want to see a high made last on this buy day

 

.... wednesday is short sell day

[elovemer 10]

tuesday... sell day

 

wednesday ... short sale day on a high made first

... unless a low is made first and early which can be good for a scalp

 

it takes discipline to close out the same day ... don't be greedy

[elovemer 10]

..... 61 would be a nice penetration for a short sale

 

tuesday... sell day

wednesday ... short sale day on a high made first

... unless a low is made first and early which can be good for a scalp

[elovemer 10]

just couldn't make it to 61

 

buy day could see a nice pullback

 

..... 61 would be a nice penetration for a short sale

[elovemer 10]

close out same day if hits 58

 

just couldn't make it to 61

buy day could see a nice pullback

[elovemer 10]

if still holding on sell day

 

it is penetration of buy day low .... close out on penetration of buy day low

for a break even trade

 

next trade would be a high made first on short sale day monday

... or a scalp on low made first and early on short sale day

 

close out same day if hits 58

[elovemer 10]

... looks like the long play was the penetration of buy day low

... on sell day

 

: ( have to wait for next opp

 

 

if still holding on sell day

 

it is penetration of buy day low .... close out on penetration of buy day low

for a break even trade

 

next trade would be a high made first on short sale day monday

... or a scalp on low made first and early on short sale day

[elovemer 10]

sure hate to miss this huge swing move

those who took the long on sell day low made first ... reap the benefit

 

the tip off... which i missed .... was the action on buy day

 

 

... looks like the long play was the penetration of buy day low

... on sell day

 

: ( have to wait for next opp

[elovemer 10]

tuesday ... buy day ... a long on penetration of monday low ...

....if low made first

 

sure hate to miss this huge swing move

those who took the long on sell day low made first ... reap the benefit

 

the tip off... which i missed .... was the action on buy day

[elovemer 10]

62.5 would make a good buy day low for a long entry... if made early in the session

 

if the prev day's high is to be hit the same day , then close out the same day

 

if not .... base the decision on how strong the close is

.........................................................................................................

 

short sell day worked.... the high came within 2 hours of the open

Edited January 4, 2011 by elovemer

[elovemer 10]

ES has traded up in premarket ...

an attempt at the high made early could be good for a scalp short

 

then if it trades down from there .... can reverse to long on this buy day

[elovemer 10]

if anyone is confused about this system... i recommend going back and reading WHY 's posts. he has provided some excellent (my view) guidance.

[elovemer 10]

if going long on test of yesterday low.... just keep in mind there is a gap below

 

 

 

if anyone is confused about this system... i recommend going back and reading WHY 's posts. he has provided some excellent (my view) guidance.