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Dogpile

Taylor Trading Technique

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friday was buy day

 

low made first on gap down

 

first target prev day low

------------------------------------------------

 

monday ... sell day ... look for buy day low violation

Edited by elovemer

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there were no more posts because no one else was contributing.

 

the three day cycle still works fine.

 

 

-----------------------------------------

Hmmm. no posts since March. The "count" or 3 day B/S/SS cycle would be nice and neat in a perfect world. The world's not perfect.

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anyone who is familiar with taylor's work knows there is nothing nice, neat, or perfect about it

 

no one is stopping you from posting your trades here instead of a bunch of hot air

 

 

-----------------------------------------

Hmmm. no posts since March. The "count" or 3 day B/S/SS cycle would be nice and neat in a perfect world. The world's not perfect.

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thursday ... sell day

 

sell out at prev high .... same day.... do not hold on

 

friday is a long scalp on a low made first ... short sell day

 

or a short on a high made first above thursday high

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monday is buy day

 

go long on a low made first below friday low

----------------------------------

 

friday was short sell day ... any long scalp should use a stop

...... 3 day cycle trend remains down

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monday was a long below friday low

 

prev high did not come same day

... up to trader to close out or not

 

if not... close out on tuesday open on gap up

--------------------------

 

wednesday short sell above tuesday high

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thursday buy day ... below wednesday low

 

-----------------------------------------

 

hold to sell day open bec of high close

 

----------------------------------------

 

no trade friday... next play SS day on monday

 

short above friday high .... or long for scalp on low made first or gap down open

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for a long .... is it 3rd day down in a down trend ?

 

for a short .... is it 3rd day up in an up trend ?

-------------------------

for a long .... did SS day make a decent down move ?

 

for a short ... did sell day make a decent up move ?

-------------------------------------------------------------

 

if buy day does not produce a decline or a break of prev low after 3 days up .... watch out for a decline to start on sell day

Edited by elovemer

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monday was a holiday.... so buy day is tuesday

 

no decline on tuesday .... so decline moves to wednesday..... delayed buy day ... but the count stays the same

 

wednesday .... long below tuesday low

 

thursday is sell day and friday is short day .... monday is next buy day

 

 

 

 

wednesday buy day

..........

 

next buy day is monday

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my mistake. count stays the same.

so if buy day was tuesday, then next buy day is friday

 

if no decline on friday, then decline moves to monday but count stays the same

 

monday was a holiday.... so buy day is tuesday

no decline on tuesday .... so decline moves to wednesday..... delayed buy day ... but the count stays the same wednesday .... long below tuesday low

thursday is sell day and friday is short day .... monday is next buy day

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have a decline on buy day

 

but with gap above .... if the gap closes..... will be unlikely to test the buy day low on monday

 

which would be the ideal setup

--------------------------------

 

the previous low for a test on buy day today .... is the low of sell day... wednesday

Edited by elovemer

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today friday ..... buy day has put in a low

after SS day gapped up

 

 

this low and the low of the previous sell day .... represent value for a test of the low on monday sell day

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today wednesday

buy day

a long is a low made first .....below tuesday low

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

 

today's gap up is a short scalp in a downtrend on a high made first

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

 

next play could be on short sell day ... on friday

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buy day wednesday ... did not penetrate the previous low

and did not make a low first

------------------------------------------------------------------------

thursday sell day .... penetrated the previous low which didn't happen on buy day

but the high was made first

--------------------------------------------------------------------------

 

value area is set now .... scalp long on short sell day friday on a low made first

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monday

so far so good ...closed up from the low .... but not near the high of the day

 

close is no where near the previous day's high

-------------------------

next play is either... buy day low violation... or high made first on SS day

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monday buy day..... looks like it might be the swing turn

 

next buy day is very important

 

or any 10 point pullback on cash

-------------------------------------------------------------

 

if the up trend is not back yet.... then SS day on wednesday has the gap below to fill

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high made first on wednesday..... is a short

 

against the trend....

----------------------------------------------------------------------

 

but it is only the 2nd day up from the low

 

a new high on thursday... would be 3rd day up from the low and a higher percentage play for a short

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thursday is buy day

 

low made first

 

low below prev day low

 

 

high made first on wednesday..... is a short

 

against the trend....

----------------------------------------------------------------------

 

but it is only the 2nd day up from the low

 

a new high on thursday... would be 3rd day up from the low and a higher percentage play for a short

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a 20 point move up .... could be bullish

 

a 10 point move up .... could still make new lows tuesday close

or wednesday

 

 

QUOTE=elovemer;124054]tuesday is next buy day

low made first

long below monday low

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