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.
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RI
Richbois
Rep: 150
Posts: 590
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.
RI
Richbois
Rep: 150
Posts: 590
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.
RI
rigel
Rep: 0
Posts: 218
First short and then buy as per Taylor on a BUY DAY, quite amazing
Projected high was 1052
Projected high was 1052
RI
Richbois
Rep: 150
Posts: 590
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.
Click image for original size
RI
rigel
Rep: 0
Posts: 218
Once again on a SS day markets reversing after hitting projected high of 1072
RI
Richbois
Rep: 150
Posts: 590
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
RI
Richbois
Rep: 150
Posts: 590
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
RI
Richbois
Rep: 150
Posts: 590
quote:
Originally posted by redsixspeed
Thanks Rich;
I checked the wrong email account...lol :)
send me an email at [email protected] so i can resend stuff.