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Taylor Trading Technique

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.... 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 by elovemer

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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

Untitled.gif.37a8da41e480477676c668ead3142755.gif

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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

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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 ? ))

5aa710b7047b7_ESZ1.thumb.png.9c9e60c66f1ba79809a723c9c91bf02b.png

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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

Untitled.gif.d5dda01fa3086064b63e5b16762a203d.gif

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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

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  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.

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  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

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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

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  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

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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

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