[richbois]

For me it means that based on the action of the previous day together with the relation of where we close on that action, and knowing what day of the cycle we are in, it does give you a bias or heads up on what to exoect the comming day.

Add the levels to that for additional ammunition.

wow my english is starting to looks like Taylor's

[DugDug]

wait until someone starts the Yoda trading method.....then the language problems will be comical, plus given that some countries seem to have actually accepted Jedi as a religion as there are supposedly enough practitioners of it, imagine the dogma and discussions!

short you are when you are neither long or not.

[richbois]

Today on the DAX was a Buy day for me. We therefore needed a decline,

DAX decline to the previous day low and failed to go lower, therefore establishing the Buy Day Low and a rally started. PH the previous day High capped the rally so far

[jrcata]

Im sure this has been brought up in one of the Taylor threads but I figured I'd ask in the most recent one. When determining the high and low for the day, are you guys using a 24hr timeframe or basing it on regular trading hours?
As I have recently read through the Taylor material for a second time I am trying to start a book on crude oil but I am not sure whether I should use 24 hr data for the highs and lows or regular trading hours.

[richbois]

Originally Posted by jrcata »

Im sure this has been brought up in one of the Taylor threads but I figured I'd ask in the most recent one. When determining the high and low for the day, are you guys using a 24hr timeframe or basing it on regular trading hours?
As I have recently read through the Taylor material for a second time I am trying to start a book on crude oil but I am not sure whether I should use 24 hr data for the highs and lows or regular trading hours.

In the EBook that has Crude Oil, Nat Gaz, Gasoline , Heating Oil, Gold, Silver and Copper, I use 24 Hour data.

The only Futures that I compile both 24hr and Day session is for the Index Futures.

Rich@taylortradingtechniq ue.net