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
Originally posted by daxtrader
Buy Day projected levels hit.
Not sure which level you mean but for sure not the decline levels
But yes on the penetration levels
DA
daxtrader
Rep: 10
Posts: 61
Yes, meant the penetration levels,
as usual today a sell day, sideways market
Richbois, do you sell and hold or sell and take quick profits on such days
as usual today a sell day, sideways market
Richbois, do you sell and hold or sell and take quick profits on such days
RI
Richbois
Rep: 150
Posts: 590
Originally posted by daxtrader
Yes, meant the penetration levels,
as usual today a sell day, sideways market
Richbois, do you sell and hold or sell and take quick profits on such days
only very quick trades rarely more that 15 minutes
RI
Richbois
Rep: 150
Posts: 590
Originally posted by simba
Presume today a Buy Day would fall in the category of TVGR day
yes it was but they finally broke TVGR at the end of the day and produced a decent decline
SI
simba
Rep: 0
Posts: 49
Rich, would it be o.k to take a long yesterday on a sell day after prices went below buy day low, although it did not open below first. If you traded would it be possible to paste a chart of the market action
RI
Richbois
Rep: 150
Posts: 590
Originally posted by simba
Rich, would it be o.k to take a long yesterday on a sell day after prices went below buy day low, although it did not open below first. If you traded would it be possible to paste a chart of the market action
Yes it would have been ok to trade the fact that it was below the BDL and the reason is that we know thatwe have very high odds to get back to atleast the BDL by the end of the SS day. However you may need to have deeper pockets to accommodate your stop loss. When I tested stocks these were my favorite trades.
I traded on TF yesterday therefore I wasnt able to use the same setup that was available on ES
SI
simba
Rep: 0
Posts: 49
Thanks Rich, Is TF on the same cycle as ESmini and is there an advantage trading TF compared to ESmini, mean is it relatively easier or better trending etc.
RI
Richbois
Rep: 150
Posts: 590
Originally posted by simba
Thanks Rich, Is TF on the same cycle as ESmini and is there an advantage trading TF compared to ESmini, mean is it relatively easier or better trending etc.
it is only a question of preference you study 1 instrument and get to know it then it is easier. I studied TF so that is the one for me