Taylor Trading Technique

[elovemer 10]

.... but wednesday is ... a down day

10 below is the set up .... if it happens at the open

 

......preferably starting from 20 points higher in globex

  elovemer said:

short sell day ....

long scalp on a low made first

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

next buy day .... thursday

but wednesday is not a down day

Edited November 16, 2011 by elovemer

[elovemer 10]

thursday is buy day

critical .... on daily chart

[elovemer 10]

buy day ... setup worked

 

10 points below

[elovemer 10]

here is a review of the last buy point

 

....thursday was buy day .... wednesday was down

 

thursday was a buy 10 points below wednesday

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

 

 

friday was sell day .... thursday was down

 

friday was a buy below thursday's low

[Tolkin 10]

This is ES Z1 ?

 

How you have Low violation in friday, I have other charts.

[elovemer 10]

yes this is ESz1

 

yes your chart is correct.

 

  Tolkin said:

This is ES Z1 ?

How you have Low violation in friday, I have other charts.

[elovemer 10]

for a buy point

i would like to see a gap down by 10 points on sunday evening

[elovemer 10]

why?

... please keep posting. your posts are incredibly informative.

.. i have a small library of your old posts.

all posters are using different techniques.

 

this is not my thread.

 

  WHY? said:

tomm 11-15 is a sell day. i would only go long if within first 1.5 hours in trades below 1143.00. In that case i would go long then sell on any rally back to or thru 1143.00

[elovemer 10]

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[Tolkin 10]

Yes, WHY? you Big man, we are love you

[Tolkin 10]

Garp is too Big man

 

After he told me about Taylor, I can not sleep and count the charts, every night I see the new crazy count )))

[Tolkin 10]

2 november, we have inside SD ( if count correct )

3 november, SSD make Low violation, and go UP

 

18 november, we have inside SD

20 november ( sunday ), SSD make Low violation, ..... and go UP ? or DN ? ))

[elovemer 10]

tuesday is buy day

 

on a low made first

 

penetration of monday's low

[elovemer 10]

monday... once again

 

was a long 10 points below friday low....

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

 

for tuesday..... looking for a long anywhere below monday low ... preferably 10 points below

[elovemer 10]

take profits same day .. if they come hard and fast

 

[quote=elovemer;132152

for tuesday..... looking for a long anywhere below monday low ... preferably 10 points below

[Tolkin 10]

I trade in wednesday ( SD ) in long, all trade have stop loss, result big loss

 

SD not return in range BD, need found this trended day's on BD,SD,SSD

 

About Taylor, I think this is just the tip of the iceberg, we must look for a higher level Count, and structure, for correct identification day's

[WHY? 16]

  Tolkin said:

I trade in wednesday ( SD ) in long, all trade have stop loss, result big loss

 

SD not return in range BD, need found this trended day's on BD,SD,SSD

 

About Taylor, I think this is just the tip of the iceberg, we must look for a higher level Count, and structure, for correct identification day's

 

This is exactly why you should NOT trade long on a SD UNLESS price trades below the BD price and does so within 1.5 to 2 hours of the open. In such a case you would go long on the BD violation under the BD low and the sell the long on any rally back towards the low of the previous BD. Hopefully, there will be a rally that goes back to the buy day low and even penetrate it but if there isn't (such as in this case) and the market is about to close then one takes whatever the markets gives one.

 

The trade for 11/23 was:

Entry time was around 10:36 around 1261 to 1263

Exit time was around 2:43 1168.00 to 1170.00

 

Not many points but the market was weak all day on wed 23 nov

 

You don't short SD. You can only go long on BD violation or sell longs from previous BD.

[Tolkin 10]

Ok Thanks WHY

 

I found, if shave in wednesday befor market open, have loss ))

[elovemer 10]

monday is buy day

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

[elovemer 10]

monday is buy day

 

once again... a long below previous low

[bobcollett 10]

  elovemer said:

monday is buy day

 

once again... a long below previous low

 

Hi elovemer,

I think you are fantastic, dedicated , hard working and "generally always right"

And my ALSI 40 market follows your market religiously

Thankyou

bobc

[elovemer 10]

well, i am never right.

but.. may i ask... what is " ALSI 40 " ?

 

thank you

  bobcollett said:

Hi elovemer,

I think you are fantastic, dedicated , hard working and "generally always right"

And my ALSI 40 market follows your market religiously

Thankyou

bobc

[bobcollett 10]

  elovemer said:

well, i am never right.

but.. may i ask... what is " ALSI 40 " ?

 

thank you

 

You were right on Monday.

The ALSI 40 is the index for the 40 biggest shares on the Johannesburg Stock Exchange

It is similar to the DOW. But much more volatile. It usually moves about 500 points at $10 a point.If you know its a buy day , and you can take the heat of the pullbacks,it is very profitable.The only snag is the spread of about 15 points and 30 points afterhours.

Today is a sell day.

bobc

[elovemer 10]

just watch out for fools using words like " was " " were" " has been "

past tense bullshit... is of no value at all.

and that goes for me too of course.

 

.... about monday ... in order to be "right" you had to be long .... before it started to go up

my comment about monday was only for a scalp long.... nothing about capturing that big gap up

 

  bobcollett said:

You were right on Monday.

The ALSI 40 is the index for the 40 biggest shares on the Johannesburg Stock Exchange

Today is a sell day.

bobc

[elovemer 10]

thursday is buy day

 

below prev low .... on a low made first .... at least 10 point move

 

or a gap down