Taylor Trading Technique Nov 2007

[elovemer 10]

got a bounce but not very strong

 

could still test the low again tomorrow

 

and could go lower.... but it is worth another shot

[elovemer 10]

target is low of buy day

[elovemer 10]

monday is short sell day

tuesday buy day

no action until a low is put in

[elovemer 10]

thursday low is target for a pullback

[elovemer 10]

fierce

 

gap up on buy day

 

maybe no action until thursday

[elovemer 10]

thursday short day

 

long on a low made first

 

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

friday buy day

[elovemer 10]

low put in on wednesday

 

good for a retest for buy day friday

[elovemer 10]

low put in on wednesday

 

good for a retest on monday .... sell day

[elovemer 10]

26th is a buy day

 

however buy point was friday

monday is close out day ...... tuesday is short....wednesday is next buy point

 

however next buy day remains thursday.... because the count stays the same

[elovemer 10]

friday was a test of the low

monday is close out

 

tuesday is short and get long again

[elovemer 10]

monday was buy day

thursday is buy day again .... according to the COUNT

 

price action was buy friday, sell monday, short tuesday

no low put in until wednesday .... buy again thursday

 

you could say .. well what about the low of monday ... but what about the gap below ? ... tricky

taylor says buy below the prev low ... but my system says wait for a low ... then buy the test of that low

.... taylor calls it a buy day low violation.... i call it a retest of a low

 

as said many times before... if it bounces ... like it did on wednesday... the long is on the retest

..... if there is no bounce and it closes at the low.... the long is during the following globex session

 

as for thursday .... it did not reach the prev high... but closed near the current day's high

so you hold on

 

could still retest thursday low.... which would be another long below that low

friday will be sell day ... according to the count

[johnnydaymon 11]

Here is Dogpile's verified 'H or L Made First' eld

H OR L MADE FIRST.ELD

Edited February 6, 2013 by johnnydaymon