[rigel]

Great thread on Taylor folks

[monad]

WHY?

Here is the 5min chart:

As you can see the market gapped up on the open, so being a SS day, guess it would be o.k to short. The next opportunity came after 12 when it tested the opening High.

However if it was BUY day then the long was around 10a.m as you pointed out.

[WHY?]

Thanks Monad. I ask because when I look at those free chart sites on the net they show 9:30 near the low of that first drop. Again I have not traded the emini for years so i have no reliable charting system.

If your chart is correct then yes shorting a buy day or shorting a SS day was there at the open however the charts I have access to seem to differ from your chart. Also, going long was there later in the session per my buy day count. That long could have been sold same day as I mentioned or held overnight and sold today per taylors rules. However, most of you guys seem to be strict daytraders trying to adapt taylor to multiple entry/exits during the day so you probably wouldn't have held overnight. For Taylor daytrading could be held overnight. I suppose he was technically wrong on that description. About the discrepancies in the free net charts and your chart well i don't know why they differ but they seem to differ. On your chart you are showing the open at 9:30 a.m. ET correct?

[BlowFish]

Not sure if this helps....the time scale is exchange time so it starts at 8.30 central where the vertical dashed line is. 10 minute bars.

[monad]

Yes WHY? 9.30EST.

Your comments "By the count you guys are taking today 2/18 it would be a SS day. The Taylor play today would have been the shorting shortly after 11 a.m. and covering this afternoon.

By my count today 2-18 was a buy day and the Taylor play would have been going long around 10.a.m and exiting around 11 a.m."


I presume the times you mentioned are chicago time CST. but the chart should be the same ie. 18th Feb, Wednesday.

[elovemer]

... high made first on buy day for reaction short play....

.... then changed to high made last ... fairly weak close

[elovemer]

count i am using.....

[elovemer]

.... monday
.... high made first on gap up.... sell day....

.... will down trend continue ?