Taylor Trading Technique

[elovemer 10]

63.5

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[elovemer 10]

unless this closes above the mid ..... can expect a test of the low on wednesday

[elovemer 10]

...this turned out to be a good short.... except that it wasn't really an attempt at the high

....it was well below the high

tomorrow will be a sell day ... except that i doubt there will be a buy day low violation

it will probably be a higher bottom....

 

but Taylor does not allow a long there unless it is a violation

 

 

so unless you took the long today on buy day .... which was not made early...

... you are still out of the market

 

 

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]

on this buy day ... it should also be noted that this is a high made first

 

... and a lower high was put in

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this is what happened on last buy day as well

 

... and sell day ... the next day .... turned out to be the buy point on a buy day low violation

[elovemer 10]

the only buy point on sell day ... was a buy day low violation

 

but it was during globex

[elovemer 10]

if this works like last cycle

... where the buy point was delayed by a day as well

..... then you can hold and no need to close out same day

 

... although closing out same day is as per Taylor's rules

[elovemer 10]

.... thursday is short sell day ...

 

high made first and early ... can be a gap up

[elovemer 10]

77 was penetration for the short

[elovemer 10]

friday is buy day

 

last 2 buy days.... lowest buy point came on day after buy day

 

77 was penetration for the short

[elovemer 10]

unless it can hurry up .... can still have a lower low put in on monday sell day

 

friday is buy day

 

last 2 buy days.... lowest buy point came on day after buy day

[elovemer 10]

here is a pic of the taylor cycle...on the right side

... nothing to do with the left side.... daily

 

... good stuff

... seems to work best when the trend is going strong

[elovemer 10]

almost a buy day low violation

 

buy day was a high made first day .

 

today sell day ... want to see a low made first for a return to main trend

 

unless it can hurry up .... can still have a lower low put in on monday sell day

Edited January 10, 2011 by elovemer

[elovemer 10]

today ... no new high yet.... but very strong close

 

today was low made first.... tomorrow short sell day .... low made first will confirm return to up trend

 

on short sell day .... a long is permitted if it a low is made early in session

 

could be well worth a shot because a return to up trend here would have very large upside targets

 

 

 

 

almost a buy day low violation

 

buy day was a high made first day .

 

today sell day ... want to see a low made first for a return to main trend

[elovemer 10]

today tuesday.... short sell day

high made first

tomorrow wednesday... buy day !!!!!

 

look for a low made first .... testing tuesday's low point for a buy

close today was not at the highs....

 

target for a buy on wednesday.... is tuesday's high if same day .... possibly higher if not same day (depending on strength of close)

 

also on buy day.... if a high is made first and early.... could be good for a short

 

 

today ... no new high yet.... but very strong close

 

today was low made first.... tomorrow short sell day .... low made first will confirm return to up trend

 

on short sell day .... a long is permitted if it a low is made early in session

 

could be well worth a shot because a return to up trend here would have very large upside targets

[elovemer 10]

premarket wednesday

 

longs from short sell day should be closed out

 

today will be a buy day .... look for a low made first...

 

break out is here ... so this could be a good opp

[elovemer 10]

close out same day as per Taylor's rules ...

 

if using 3 day system

[elovemer 10]

today is sell day ....

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... friday is sell short day

 

on friday... look for a short entry on a penetration of thursday high (or wednesday whichever is higher) ... made early in session

 

early in session just increases the chances of it being a high made first

[elovemer 10]

strong close on thursday

friday sell short day

look for a high made first and early for a short

 

if low is made first and early ... can take a long scalp

[elovemer 10]

a gap down short sell day is not assumed to be a high made first

 

so a long scalp is taken which is closed out at the previous high

 

next opportunity is next buy day ... which is monday

[elovemer 10]

the rules are that you close out at previous high

 

 

 

 

 

a gap down short sell day is not assumed to be a high made first

 

so a long scalp is taken which is closed out at the previous high

 

next opportunity is next buy day ... which is monday

[elovemer 10]

monday was buy day

 

today tuesday is sell day

 

tomorrow wednesday is short sell day .... has already hit 96.5 ....

 

a short could hit around 1301.5 tomorrow

[elovemer 10]

today was short sell day

wednesday

 

weak close

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for buy day on thursday

 

expecting a lower low for a buy point

[elovemer 10]

today is buy day

.... got a low made first.... although a bit late in the day

 

now have to watch the close to see if it finishes strong or weak

[elovemer 10]

closed near the highs of the day

 

friday could see a small pullback on the 2nd day of the cycle.... sell day

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no action to take on friday ... except to close out on any attempt at short sell day highs

 

 

 

monday is short sell day

[elovemer 10]

today friday

is sell day

 

still has not hit the previous high

 

have to hold on and wait to see if this closes near the high or low... for the day

if it finishes weak.... then close out