[mitsubishi]

Originally Posted by elovemer »

...monday high made first....
... tuesday ... low made first

.... wednesday ... ??

.... on friday .... full swing size was reached .... compared to last two swings...
.... full swing retracement size is at about 816.5 ... which was not reached...

There's also a gap on the cash at 825.1 on april 9th.Futures overnight dipped in the red and are positive now so we could see high made first for short sell day today.

[elovemer]

i have friday as a buy day ... for me

on a buy.mid.sell.buy cycle

[elovemer]

sorry.. my mistake....
i have friday as mid day ....
.... and monday as a sell day

Originally Posted by elovemer »

i have friday as a buy day ... for me

on a buy.mid.sell.buy cycle

[elovemer]

....doesn't look like much of a sell day so far....

Originally Posted by elovemer »

sorry.. my mistake....
i have friday as mid day ....
.... and monday as a sell day

[elovemer]

.... not bad now...
.....................
.....................

Originally Posted by elovemer »

....doesn't look like much of a sell day so far....

[elovemer]

.... pivot occurred at noon.... which tends to happen rarely.....
.... tuesday ..... is my buy day .....

.... looking for a low made first anytime before 10.30 am
..... although a few times the pivot has occurred around 11.15 am ... it does not happen as much .....

.... another occurrence which has happened quite a bit is that the low is made last ... but that price action is so stretched out .... that it is almost like a low being made first for the following day .....

...another possible play on a buy day is a high made first for a reaction short.... where at some point the more important play is to switch to long in order to play the much stronger up trend.....

.... it has been interesting recently when considering Frank's new perspective...
.... to see when and if the market can take out the previous LOW-MADE-FIRST....

.... a few times we have seen where the pivot time stretched out to be very late in the session .... in which cases there have been snap-backs to the main trend which continue the next session....

.... in this case.... being in on the reaction trade.... gives one the confidence to take risk of reversing to be on the side of the main trend....
.... even when the price action of most all of the session has been against the direction of the main trend....

..... just in case anyone forgot..... i wrote a condensed version of Taylor's book on here.... which only occupies about one paragraph.... :0) ... but which... of course... is no substitute for slogging thru the (entire) actual work at least a few times....

.... yesterday can still be considered a valid short day .... as the low was made last... even if ever-so-slightly....

Originally Posted by elovemer »

.... not bad now...
.....................
.....................

[Frank]

today traded to high in middle of day, attempted down and petered out. this is rare occurence -- but how rare? (btw, today was also narrow range day at 15.25 pts -- equaling the lowest range in past 7 days)

elovemer, don't want you to be the only guy keeping this thread alive so I will show some data.

1) this shows how often a high of day and low of day is made using data for ES up to today (starting 12/31/97)

http://4.bp.blogspot.com/_5h-SWVGx6M...Min+Bars+2.png

(today was just 12th time in last 329 trading days that the high was made during that 30-min 'time slot')

2) this breaks out just when the 'made first' part occurs (if low first day, when was low made -- if high first day, when is high made). coming into today, this month had seen the key pivot 'made first' in opening 30-mins 9 times and during the next 2 30-min bars 7 times --- for a combined 16 of 18. today made it 16-3.

http://3.bp.blogspot.com/_5h-SWVGx6M...0-Min+Bars.png

So although we've had a few days that didn't make hight first in first 90 minutes this month (ie, today high was made during 6th bar), the number of days that do this is running 'normal' this month --- usually get about 5 or 6 of those a month, currently running at 3.

[elovemer]

.... thanks Frank.... great to read your contributions....

... one more thing i forgot to add to my post.... with monday as my short day .... it was a failure to penetrate the high of middle day (sell day) .....
.... has a bearish implication......