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| | #9 | ||
![]() | Re: The Original Taylor Trading Technique Book Method Quote:
Or the other solution is you play part of the Big Boys game. For exanple you buy 200 shares of XYZ then sell 100 at the top of this cycle and rebuy that 100 on the next buy day. The only reason for keeping the 1st 100 shrs is in case XYZ is very bullish and only makes a shallow decline and you miss the re-entry. There is lots of tricks in playing stocks compare to futures due to the leverage factor. | ||
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| The Following User Says Thank You to richbois For This Useful Post: | ||
DugDug (03-16-2010) | ||
| | #10 | ||
![]() | Re: The Original Taylor Trading Technique Book Method Quote:
Thanks. | ||
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| | #11 | ||
![]() | Re: The Original Taylor Trading Technique Book Method Quote:
![]() Please tell me which instrument you want me to talk about Also I cant do that on the forum all the time as it would'nt be fair to the paying customers if I post all the levels here all the time, but i will try | ||
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| | #12 | ||
![]() | Re: The Original Taylor Trading Technique Book Method Quote:
I am just trying to understand how you go from your statistical data you provide to the charts and trade planning from your point of view. If you could show for example, the CL data you provided last night along with how you would use the various data points provided in trade anticipation, that would work. Provide whatever you feel comfortable with, I'm just trying to better understand how to use what you provide and then determine if that compliments the setups I trade. I trade oil (CL). | ||
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| | #13 | ||
![]() | Re: The Original Taylor Trading Technique Book Method Quote:
My answer was that we should get a rally and that my goal would be 1st the TTT PH line (previous day high) at 81.31 and that based on my 2 different types of averages for a Sell day rally we should get to between 81.44 and 83.32. Well that is great prediction but if you were not long at yesterday's lows what do we do. At the end of the day tomorrow CL made a nice ABC pattern and reversed. That would be what I would hope for if I missed my entry on the Buy Day Low. Now if you were not sleeping you had a chance to enter during the night. We had the 78% retracement of the last push up and that was in the DP zone of the wave B. The DP zone is the green box on the chart. It was also between 300-327% extension on this wave down.So that would have been my entry and would have been looking for the targets mentioned before. In the case of my potential customer He was long allready so I hope he took his profit at the target zone. | ||
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| The Following User Says Thank You to richbois For This Useful Post: | ||
Dinerotrader (03-16-2010) | ||
| | #14 | ||
![]() | Re: The Original Taylor Trading Technique Book Method We opened and reached TTT levels and reversed hard. We were also just at the DP zone on 240 min chart and we had a TS4 on MTP on the 3 min chart. Lots of divergence on both 1 min and 3 min. Nice payoff so far. | ||
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| | #15 | ||
![]() | Re: The Original Taylor Trading Technique Book Method Today was a SS day and it opened below the Buy Day Low. We know have very good odds of atleast getting back to the BDL at some point today. We made it and just made it. that was a $3 move cant complain here either as we rallied from in between the 2 penetration levels. Last edited by richbois; 03-22-2010 at 04:00 PM. | ||
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| | #16 | ||
![]() | Re: The Original Taylor Trading Technique Book Method Sorry, but I'm very confused by your last post. I thought Taylor only advocated shorts on a SS day (no longs) which would indicate the only trade that should have been considered per Taylor was a short from the 80.4 region down to 79.5 or 79 if aggressive. Am I missing an important point of the Taylor method? snowbird | ||
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