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Dogpile

Taylor Trading Technique

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...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

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

 

... and a lower high was put in

--------------------------------------------------------

 

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

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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

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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 by elovemer

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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

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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

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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

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today is sell day ....

----------------------------------------

 

... 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

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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

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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

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closed near the highs of the day

 

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

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

 

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

 

 

 

monday is short sell day

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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

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