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Dogpile

Taylor Trading Technique

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violation of buy day low

 

friday is buy day

 

long below thursday low .... low made first

 

maybe around globex low

 

low made first....

wednesday.... sell day

......... may be a violation of buy day low

Edited by elovemer
edit

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the most difficult part of this method...

 

is trying to determine just how far down.... to buy ... on buy day

 

 

some days.... below the previous low.... is just not good enough

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let's say .... 10 points below previous low

 

assuming that a low was put in .... the day before

 

 

the most difficult part of this method...

is trying to determine just how far down.... to buy ... on buy day

some days.... below the previous low.... is just not good enough

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today

wednesday

 

was buy day....

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

 

there was a decline.... but it did not penetrate SS day low

 

due to closing weak .... watch out for more downside thursday

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my mistake...

 

i lost track of the count

tuesday was buy day... not wednesday

and thursday of previous week was also buy day

 

this friday was the last buy day.

 

long was below thursday low ... gain coming same session... get out

 

 

 

 

today

wednesday

 

was buy day....

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

 

there was a decline.... but it did not penetrate SS day low

 

due to closing weak .... watch out for more downside thursday

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wednesday had a good pullback ... but there was no previous low to test

finished in a double top

 

because closed at highs same day ... taylor says close out .. do not hold on

 

watch out for a possible decline on sell day thursday

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got the decline.... on sell day

look for a long below the low of buy day

 

for a buy day low violation

 

 

wednesday had a good pullback ... but there was no previous low to test

finished in a double top

because closed at highs same day ... taylor says close out .. do not hold on

watch out for a possible decline on sell day thursday

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on SS day .... got a move below the low of buy day

recovered and closed near the high of buy day.... Taylor says close out .. do not hold on

 

monday is buy day ... would be only 2nd day up from the last low

 

since a buy point came on SS day .... buy day should either be a continuation move to the upside

or a test of the low of SS day

 

 

got the decline.... on sell day

look for a long below the low of buy day

 

for a buy day low violation

Edited by elovemer

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got a continuation move

 

sell day tuesday.... will be 3rd day up from the low

 

 

since a buy point came on SS day .... buy day should either be a continuation move to the upside or a test of the low of SS day

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3rd day up .... could get a pull back for wednesday SS day

 

if a low is put in on SS day ..... then could get a buy point on thursday buy day

 

 

 

got a continuation move

sell day tuesday.... will be 3rd day up from the low

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wednesday is SS day ... on a high made first

 

above tuesday high

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

 

if wednesday is down .... then look for a buy point on buy day below wednesday low

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