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YertleTurtle

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    TradersLaboratory.com
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  1. What is OS? The new SLA document is first class. Oversold. OB=overbought.
  2. It has improved some over the last few years. Its still not great but it really depends what you want to do with it. For basic charting etc. its fine. I should note I don't place orders through ToS but just chart.
  3. Its not a topic - its a book. I did find the answer - it is wheat and corn. The text can be found here: George D Taylor - The Taylor Trading Technique
  4. The Taylor Trading Technique page 76-86. Its a years worth of a book on two different instruments by Taylor himself. I'm thinking Wheat and Corn but its a total guess.
  5. Anyone still lurking in here? I'd like to get some people excited about Taylor again.
  6. BC - Not sure what game you are playing. Petuca didn't seem to contribute anything ever. Does anyone know what instruments "WK" and "CK" are in the Additional Material subsection are? Monday is a SS day for the NQ if anyone cares.
  7. EDIT - figured out the search feature
  8. I just discovered this thread although it seems the party is over. I've been reading TTT and applying it to the NQ with good results. The information provided by WHY? is closest to how I interpret Taylor. I never alter the count, I never buy on a SS day etc. I track a few things that Taylor didn't and changed the layout of the book slightly. I don't think anything revolutionary needs to happen to trade Taylor. There is enough flexibility in the rules. It is not a day trading method but it is a good swing trading method. BTW - today is a buy day for me.
  9. Diva - yes fib traders use 50% as one of their levels and no this has nothing to do with the fib sequence. They just added it because it works.
  10. It annoys me to no end because of the bad math being used. 50% is not a fib level but every fib trader I've seen uses this. If their "theory" is there is something sacred about these numbers then adding a level erodes this argument. Fib levels often appeal to beginners who use these levels in lieu of an understanding of market structure. There are also so many fib levels that they are always going to look appealing to a beginner. I personally believe (although I'm not going to waste time looking at it) that I could use levels like 25%, 33%, 50%, 66%, 75% etc. and these projections would look equally good. Plenty of unsuccessful traders use fib levels. I know at least one institutional trader who uses fib levels so he can run stops. I always find the study of something ethereal to be a waste of time.
  11. Your son's sequence is correct. The ratio of n/(n+1) in that sequence approaches the number that is approximated as 6.18. 33%, 50% and 75% have nothing to do with Fibonacci. I'm sure there are people who successfully trade this stuff but it annoys me to no end. Beginners seem to stumble on Fibonacci levels and treat it as the holy grail.
  12. gozila - Here you go: http://cdn3.traderslaboratory.com/forums/attachments/131/17907d1263785828-wyckoff-resources-wyckoff-method-tape-reading.pdf
  13. I have no problem with vendors (as long as they aren't selling the moon) but I agree with DB - vendors aren't a good solution for someone who wants to learn how to be an independent trader. Often beginners hop from vendor to vendor and end up with system indigestion. Its much better to study, test and learn one strategy.
  14. I'm so confused now that you are no longer Cartman in a wizard costume.
  15. A little off topic but god I hate fibs. I do watch the 50% level occasionally but this isn't a fib level. I'm not sure how 50 got added to the fibonacci sequence for traders but it certainly isn't based on the math of the sequence.
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