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.

Let me post a high time frame chart of the ES that I have posted a few days ago.

If you look at it carefully you will see that we had 3 waves down in the (1A) leg (black label) then an overlapped 5 waves up for wave (2B) and we currently have 3 waves down in the (3C) leg this could be a very huge ABC and become a B wave labeled [2B] (green label).

The alternate bearish count is that we are now in wave 3 of 3 but 3 has already 5 waves down as per the 15 min charts posted earlier, so if we don't go do very soon we may see the bull scenario instead.

Anyway that was one of the reason why I was a buyer at the low this morning.

We will now have to wait and see how the market unfold and I will have to check my TTT book to see what we can expect.

quote:

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Originally posted by jands

Good morning,

It looks like things are setting up for a "Buy Day Low Violation".

Today is a "Sell Day" and the market is currently below yesterday's lows. If it remains so until the opening I think I might expect a failed rally and then being looking for shorts to the Buy Day Low Violation avg of 1208.66.

After that maybe? it will start setting up for a rally so we have a chance of getting a positive 3 Day Rally???

That's my best guess for today,

Good luck,

Jim

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Jim
So far we made it to positive rally mode for the sell day but we will need to stay or get back above 1221.50 sometime tomorrow to get a 3 day positive rally.

Margie
If today was your 1st day of thinking of trading in 1st the 1/2 hour, you may have picked a tuff one due to rollover day. but yes there was good trades to be had if you like the wild swings.

We are in a deBear market so it is har

Does anyone know how to make forum fit the screen so I don't have to keep scrolling?

Here is the ES 15 min updated chart that I posted this morning.

Any low lower then this wave 5 would imply that we would start an extension down in this wave 3 as the big 5 waves labeled (1) to 5 are the waves in the C leg on the big time frame chart that I previously posted.

quote:

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Originally posted by TreeShaker

Does anyone know how to make forum fit the screen so I don't have to keep scrolling?

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there is no way to do this as of yet. I mentioned it to the owner of the site and he said he is working on it.

quote:

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Originally posted by TreeShaker

Does anyone know how to make forum fit the screen so I don't have to keep scrolling?

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treeshaker

good to c ya - pull up a chair and sit a'spell

quote:Originally posted by TreeShaker

Does anyone know how to make forum fit the screen so I don't have to keep scrolling?


If the chart pic would be smaller, it might make the forum fit the screen.

Rich..


I think it's because there is already a big picture on this page... it will size to fit the biggest picture it needs to show.

Regards
~N

I hope some of you had the chance to go long earlier this morning based on my 15 min wave counts and the TTT expected low in the ES.

quote:

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Originally posted by jands

Good morning,

It looks like things are setting up for a "Buy Day Low Violation".

Today is a "Sell Day" and the market is currently below yesterday's lows. If it remains so until the opening I think I might expect a failed rally and then being looking for shorts to the Buy Day Low Violation avg of 1208.66.

After that maybe? it will start setting up for a rally so we have a chance of getting a positive 3 Day Rally???

That's my best guess for today,

Good luck,

Jim

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[/quote]
We are 40 min int the trading session and the gap has not closed so we may have TVGR in effect and a Buy Low Violation, looks pretty bearish.

I'm looking for shorts only now!
[/quote]

Ze market iz not following miz plan, and itz muzt be punished!

Oh well, just because it doesn't go according to plan doesn't mean you lose a lot of money, but you don't make much which was the case. It's time to take a breath and wait for the market to present another opprotunity

I hope all you TTT traders had a good 2014 and I wish you all a better 2015
Richard