[elovemer]

....."mid" means day 2 ... the second day of the cycle....
....in my method ...

...in Taylor's method
.... if uptrend... day 1 is buy day ...day 2 is mid day....day 3 is sell day....
.... and day 4 (day1 ) is buy day....
...if downtrend....day 1 is sell day ... day 2 is mid day ... day 3 is buy day...
... and day 4 is sell day.....

....also he said it can be 1-2 extra days...
..uptrend would be ....buy 1 ... mid 2...(mid3...mid4).... sell 5....buy 6 (1)
......for a 5 day cycle

[Bearbull]

Thanks elovemer, hope you keep the analysis going forward, TT method certainly has conceptual advantages, wonder what are your thoughts on POST 205 by Frank. It would certainly be great to have input from him and WHY? on an ongoing basis.

[elovemer]

....so if you took monday as sell day at end...
... or tuesday as sell day at open.... you did good..
...the ideal is a high made first not last....
... so according to the system you should have looked for a penetration of the monday high

...if you notice on the cycles....
... on the upper cycle ... the high came early on the upper cycle... which hints at a quick and extended low ...
.... this low came today .... right at the end of the lower cycle....

....with this huge drop.... confirmed by the end of cycle... you would of course take off all short positions....
....next step is to wait and see how it closes today wednesday...
.....and look for a possible low penetration on thursday for a long entry....

Originally Posted by elovemer »

......on upper cycle...large one... getting close to end of cycle.... waiting for an early high.... or a high at end of cycle....
...an early high... would suggest a faster extended low to follow

.... if including globex hours... (you) could have taken monday as sell day with the slight pentration of friday's high ... at the close
----------------------
...

[Bearbull]

Do you take into the globex action.
On Tuesday the high on the day session was 986, whereas Monday's high was 992.75, so there was no high violation in that respect.

Also how would you handle today's action, with the price gapped down at the opening?

Illustration with charts would be helpful

[elovemer]

....yes globex also ...
....the was high violation on monday of friday's high....
...today's action with price gapped down at open.... is very good assuming that your short has already been entered....
....also.... all shorts should have been exited....
.... a low penetration...with futures up so much...looks unlikely....
....so if there is no penetration .....the next choice for a long would be higher low on buying day....
.... if that does not happen.... then the next choice is to wait for the next sell day....

....going to post a chart of the new cycles....
--------------------------------
......on upper cycle...large one... getting close to end of cycle.... waiting for an early high.... or a high at end of cycle....
...an early high... would suggest a faster extended low to follow

.... if including globex hours... (you) could have taken monday as sell day with the slight .....penetration of friday's high ... at the close
----------------------
Do you take into the globex action.
On Tuesday the high on the day session was 986, whereas Monday's high was 992.75, so there was no high violation in that respect.
Also how would you handle today's action, with the price gapped down at the opening?
Illustration with charts would be helpful

[elovemer]

.....the new cycle on top is in white....
...the new cycle on bottom is in green....

...looking at the top cycle....
... you can see that if thursday is buy day... on either a low penetration...or buying a higher low on buying day..... then the cycle would end friday morning for a high made first....
...whether that happens or not is unsure....if the high comes early... then expect the low cycle to come in...and vice versa....

... i will post my updated book.... [changed] to reflect the sell day monday...
....prices shown will be trading prices.... globex prices shown in [] brackets

....as said before.... i am not an authority on the taylor method... my methods are a work in progress.... as may already be appreciated...

[elovemer]

...sorry... mistyped..... meant to say "end monday morning" ... not friday morning

Originally Posted by elovemer »

....
...looking at the top cycle....
... you can see that if thursday is buy day... on either a low penetration...or buying a higher low on buying day..... then the cycle would end friday morning for a high made first....
.....

[Bearbull]

Well has turned out to be quite interesting, despite that high open on the globex, the market did go down to attempt a violation of the previous low but turned straight up before reaching 880.

As I said TT concepts are certainly of some use, however timing entry etc is another ball game.