Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Dogpile

Taylor Trading Technique

Recommended Posts

keep in mind that recently ... on short sell day ... market has taken off as though it were a buy day.

 

something to consider if you get long on a scalp... and previous highs are broken the same day.

 

 

 

 

monday short sell day

may be good for a scalp

Share this post


Link to post
Share on other sites

hey corey,

 

your guess is as good as mine.

 

i was expecting more of a down move. but did you see how they waited til the last second to run it up ?

a high close... suggests more upside.

 

but without at least a 10 point pullback, i consider it an extended cycle.

 

 

 

 

more of buy or more of sell?

Share this post


Link to post
Share on other sites

tuesday is short sell day

 

 

hey corey,

your guess is as good as mine.

i was expecting more of a down move. but did you see how they waited til the last second to run it up ?

a high close... suggests more upside.

but without at least a 10 point pullback, i consider it an extended cycle.

Share this post


Link to post
Share on other sites

TAYLOR says no holidays....

 

i interpret this to mean that any day futures are traded.... is counted.

even if cash does not trade.

 

if futures don't trade... then i don't count that day.

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

 

next buy day is wedn

Share this post


Link to post
Share on other sites

market could gap up tomorrow...

like it did after the egypt pullback day

 

but according to the rules... must wait for buy day

 

on buy day .... want to see a low made first ... to test the low of short sell day

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

 

if it drops again.... then the target of the buy day long would be the low of short sell day

 

if it holds.... then the target is the previous high

Share this post


Link to post
Share on other sites

wednesday... buy day

so far... high made first

 

if bulls can take out same day high.... then it becomes a low made first day... although low put in late in the day

 

if it closes nearer to the low of the day .... then look for a possible buy day low violation on sell day thursday

 

looks like it will be a slight..... close below ...20 sma daily... on the part of the bears.

....if the day ends that way.... bulls could rip on thursday.. back above 20sma and on to new highs.

 

bears need two STRONG consecutive daily closes below daily 20sma to change the trend at all.

Share this post


Link to post
Share on other sites

on sell day

 

buy day low violation

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

 

21 hours down .... could be minimum 13 hours up... coming later..... probably much more

 

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

 

friday short sell day.... could be a scalp

monday next buy day

Share this post


Link to post
Share on other sites

if you didn't enter on buy day ... wednesday

 

or on sell day .... thursday... on low violation

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

 

... don't chase on short sell day ... thinking you will be left behind

 

... wait for the next buy day to enter on a pullback.... which is monday

Share this post


Link to post
Share on other sites

" 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. "

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

some have interpreted this to mean..... weekends and holidays are counted as part of the cycle.

 

....i disagree with that. i interpret it to mean that weekends and holidays are NOT included as part of the cycle.

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

this brings up an important point.

monday was a holiday for cash index. but futures were open for a partial session.

and during that partial session, future declined significantly.

 

so the question arises.... do you consider it as a holiday as per cash index... or do you consider it as an active session as per futures.

 

i would like to consider it as a holiday as per cash.... and therefore ... to NOT count it as part of the cycle.

that would mean that tuesday would be the next buy day.... rather than monday.

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

Taylor where are you ?

Share this post


Link to post
Share on other sites

" .... and there are no lines left open for Sundays or Holidays. "

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

 

Taylor traded stocks and grains.

according to his plates.... the grains plates show saturday as another trading session.

while his plates for stocks.... did not include saturdays.

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

to me... this means that grains were being traded on saturdays while stocks were not.

therefore saturday is part of his cycle for grains.... while it is not part of his cycle for stocks.

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

for today's purposes..... stocks... i.e. stock indices... are open only mon-frid.

 

therefore stock index futures should be considered the same way.... since there is no difference between a weekday gap ... and a weekend gap. gaps are just gaps.

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

obviously ... i am interpreting Taylor's words to mean the following...

"left open".... means don't consider a day with no trading as part of the cycle.

if it was included.... it would be a "line left open"

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

Share this post


Link to post
Share on other sites

if we do not consider monday as part of the cycle.....

due to the holiday....

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

then today monday is short sell day

and tuesday is buy day

 

...rather than today monday being buy day

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

 

..due to price closing at the highs.... the chances of testing monday low on tuesday looks pretty slim

... so any entry for a tuesday buy day looks shot

Share this post


Link to post
Share on other sites

for buy day ... tuesday

----------

goal is to buy at or below prev day's low

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

if you did... you got a 50% bounce

=================================

next play is to buy on wednesday... a buy day low violation

...with a target of buy day low... tuesday low

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • DXCM Dexcom stock, great day off the 69.73 support area, from Stocks to Watch at https://stockconsultant.com/?DXCM
    • Depressions aren't real either... ??
    • Dear B4 #42, I heard you can't get out of bed and decided you were going celibate and shaved your head and “reconsidered” having children.  If it took Trump getting elected to get you to stop fkn every Dum, Harry, and Dick you meet, we’ll take it.  thx Sincerely just sayin’ zdo PS To all the other girls I loved B4 - https://www.youtube.com/watch?v=rVq0ONrSH-Q 😚
    • MDB MongoDB stock watch for a range breakout at https://stockconsultant.com/?MDB
    • Date: 12th November 2024. Market Buzz: Trump Trade Impact! “Trump trade” has boosted the US Dollar and US stocks, but Trump’s policies may have less favorable effects on global assets. Trump’s plan to raise tariffs is expected to negatively impact economies worldwide, especially exporters like China. Asia & European Sessions:   Bitcoin Surge! Bitcoin broke $90K, driven by Trump trade once again. Bitcoin is up roughly 110% in 2024, helped by robust demand for dedicated US ETFs, interest rate cuts by the Federal Reserve and Trump’s cryptofriendly agenda. Crypto market capitalization has exceeded its pandemic-era peak, reaching $3.1 trillion. Traders are betting on Bitcoin reaching $100,000 by year-end, according to data from the Deribit exchange. Open interest — or outstanding contracts — for CME Group Inc. futures for Bitcoin and second-ranked Ether (ETHUSD) scaled records on Monday, a sign of growing engagement by US institutional investors. Asian shares dropped, alongside European and US equity futures, as traders evaluated the implications of President-elect Donald Trump’s policy agenda and potential cabinet choices. The MSCI Asia Pacific Index fell for a third consecutive day, driven by rising Treasury yields amid concerns that Trump’s proposed tax cuts could increase inflation. There are also reports that Trump is considering two individuals for prominent roles in his administration with track records of criticizing China. DAX and FTSE100 are down -1.1% and -0.5% respectively, after a pickup in German HICP inflation and higher than expected UK wage growth dampened easing expectations. Investors await the US CPI report for insights into the Fed’s easing path, as Trump’s inflationary policies may lead to fewer rate cuts. Financial Markets Performance:   The USDIndex continues to rise and is currently at 105.75. It hit a 1-year high. EURUSD drifts to 1.0620 and GBPUSD is in a sell off, currently at 1.2800. Oil prices fell after their biggest 2-week decline, amid a weak demand outlook from China, a stronger US Dollar, and concerns over a potential oversupply. Crude oil has traded within a narrow range since mid-last month, influenced by Middle East tensions, the US election, and OPEC+ output decisions. Gold remains under pressure and is currently at just $2604.36 per ounce. It hit a one-month low, down 5% since Trump’s election victory, as a strong dollar and US equity rotation pressured the metal. Gold’s decline was also technical, breaking below the 50-day moving average, causing funds to cover long positions. Despite recent drops, gold remains up 25% for the year, supported by central bank purchases and geopolitical risks. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.