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Dogpile

Taylor Trading Technique

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high made first for a short if at previous resistance highs

 

low made first for a scalp long

 

short sell day

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Tuesday... the next buy day ... in a continuing up trend

 

sell day

finished weak

looking for a short opportunity on monday sell short day

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last short sell day was a low made first

 

this short sell is looking like it may be the same

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

 

tuesday ... buy day

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tuesday buy day .... high made last

 

closed strong

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

market gave it back same day .... rules say close out same day

 

don't hold out hoping that sell day will follow thru

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

 

next opportunity is short sell day on thursday

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today was wednesday ... sell day ... strong close.

hints at a penetration on short sell day thursday for a short

 

friday is going to be a buy day ...

 

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

 

by the way ... i am swing trading... so i am not following Taylor's close out the same day rules all the time

... those rules are for the day to day scalping system

 

in the case of friday being a buy day .... i WOULD close out the same day if possible... and re-enter sunday evening

 

 

 

 

tuesday buy day .... high made last

closed strong

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

market gave it back same day .... rules say close out same day

don't hold out hoping that sell day will follow thru

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

next opportunity is short sell day on thursday

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although.... strict Taylor rules say

... don't enter on the 2nd day of the cycle

 

and instead wait short sell day on tuesday

 

friday was buy day

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

monday could be a buy day low violation .... for a buy point

with friday low being the target

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sell day.... up close

 

tuesday ... short sell day .... has not reached previous highs yet

 

so it is possible that a low made first could happen for a scalp entry

 

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

 

wednesday is a buy day

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buy day is a consolidation day

... very tight range

 

thursday is sell day .... but will probably be a range expansion day

 

how to play it ?

 

i guess Taylor would say wait for a short sell day ... friday which is also jobs report

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

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very interesting...

 

tuesday.... sell day

wednesday ... short sell day

 

 

monday is still buy day .... because cycle does not change

even though that no-action day disrupted the normal fluctuation

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well so much for buy day thursday

 

sometimes... they just eat it up on short sell day

 

 

low made first... on short sell day

 

looking to add to swing position on buy day ... thursday

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it pays to wait for buy day

 

short sell day was only good for a scalp.

 

 

unfortunately for me ... i was still holding what i entered on short sell day .

so i couldn't add on buy day .

 

bad play.

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