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Taylor Trading Technique

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... if a high made first on monday .... then will look for a low made first on tuesday

 

Yes, and this monday's high could lead to a serious deterioration in a trend with a minimum of a swing on friday or next monday.

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any particular reason for this bearish view ?

 

as opposed to continuation of the trend....

 

Yes, and this monday's high could lead to a serious deterioration in a trend with a minimum of a swing on friday or next monday.

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any particular reason for this bearish view ?

 

as opposed to continuation of the trend....

 

Taylor wrote that very often we see the local top on a high made first on a buy day. Last rally had quite a long run and it's a good time now to search for some support.

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... over extended rally ?

fair enough.

Taylor wrote that very often we see the local top on a high made first on a buy day. Last rally had quite a long run and it's a good time now to search for some support.

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unless there is a buy day low violation on tuesday....

 

.... may have to sit out ... not very wise to buy a higher bottom on a sell day

 

 

 

i have today as a buy day

since low made last... looking for buy day low violation tomorrow ... tuesday

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.... higher bottom...

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

unless there is a buy day low violation on tuesday....

.... may have to sit out ... not very wise to buy a higher bottom on a sell day

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prev high was hit.... for a close out on same day

 

low made first

.... if prev day high broken same day ... close out

 

if not.... then if strong close hold to next day ... for a penetration and close out

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.. Taylor said to count all days including weekends and holidays.

... but on his charts... he does not show any days with no price changes

 

also he talks extensively about extra days sometimes entering the cycle... yet he maintains that the same day count should be used

 

 

E-Book Traders Press, Inc.

But this book not have about Inside day.

People how you counting Inside day ?

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May be ex-cluding weekends and holidays ? :)

 

In Taylor time's, I see his table's all week have 6 work day's ( Mon-Sat )

 

This is good for his count 3x2

 

Now we have 5 work day's 24/5, Global's market's, and holiday's which do not coincide in the USA and Europe

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i don't see any 6 work days

i will have to look again

 

you wouldn't be saying "maybe" if you had already read it.

 

 

Maybe ex-cluding weekends and holidays ? :)

In Taylor time's, I see his table's all week have 6 work day's ( Mon-Sat )

This is good for his count 3x2

Now we have 5 work day's 24/5, Global's market's, and holiday's which do not coincide in the USA and Europe

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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...

Edited by Tolkin

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