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Day Trading with TTT and other tools


Welcome to this new thread, where we can share trading ideas and our thoughts on the Taylor Trading Technique.

Anyone with questions on TTT, this is the place.
quote:
Originally posted by rigel

Great call, I never listen to the news anyway:))) used to once, quickly realised it is mostly waffle:)))

1. Anyway, May I inquire as to how you arrived at that conclusion i.e retesting of highs of Friday.
My book calculation based on 3 day rally indicated a projected level of 1045 which the market did hit.

2. Previously you mentioned that you would not go long unless there was a BV first, based on your prediction were you able to entertain longs on Monday.




Thank you. The main reason for that call was that we had closed near the highs of the day and that based on the average 3 day rally we should have gone higher to the 1045 level like you said.

A BV on a SS day is different than a BV on a Sell day. On SS day it must be that the Buy day Violation is in effect at the open of the SS day. Reason is that once the SS day opens above the Bd Low you do have a positive 3 day rally and therefore the market could continue down and it would still have met the criteria. All it would do is produce a smaller 3 day rally.

It is then riskier to long under these circonstances. Lately we know that the markets are bullish in general so that does help reduce that risk. If we were in a bear market like last year then I would think differently.
quote:
Originally posted by rigel

Ideal shorts on a BUY Day on Dax and Ftse this morning in the first hour,
thumbs up for Taylor's Rules once again



yes and TVGR to boot.
First short and then buy as per Taylor on a BUY DAY, quite amazing

Projected high was 1052
quote:
Originally posted by rigel

First short and then buy as per Taylor on a BUY DAY, quite amazing

Projected high was 1052



It is amazing and all this at the proper fib levels.

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Once again on a SS day markets reversing after hitting projected high of 1072
quote:
Originally posted by rigel

Once again on a SS day markets reversing after hitting projected high of 1072



yep as mentioned in last night's comments " Momentum could take us higher before the decline starts."

So far ES reversed at the average penetration numbers and gave a nice trade.

Click image for original size
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Rich;
Please check your MyPivots email

quote:
Originally posted by redsixspeed

Rich;
Please check your MyPivots email





Ben I did answer you yerterday morning

email me back at the email below please
Thanks Rich;
I checked the wrong email account...lol :)
quote:
Originally posted by redsixspeed

Thanks Rich;
I checked the wrong email account...lol :)


send me an email at rich@taylortradingtechnique.net so i can resend stuff.
I hope all you TTT traders had a good 2014 and I wish you all a better 2015
Richard