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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ML
mlomker
Rep: 0
Posts: 32
quote:
Originally posted by gio5959
sure wish i wud of sold ttt 844.25 (844.31)
I shorted it at 843. My analysis from the previous night suggested a wave 2 or B high at 844 and I always love it when TTT confirms Elliot wave targets. There was also an MTP major TS4 sell on 3min ES. The trade couldn't have been more obvious if it had punched me in the nose.
I was hoping it'd be a wave 3 but it was only C. The rest of the day has been a mess to try to trade, I'll give you that.
RI
Richbois
Rep: 150
Posts: 590
Today was the confusing Sell day. Every one made the projected average rally and tried to make new highs and failed. However they refused to go lower also.
Tomorrow is SS day. Taylor would not be looking to long on SS day and would wait for a test of the Sell day highs to short. The FOMC meeting may be the catalyst that may take us out of this tight range we have been trading in.
Tomorrow is SS day. Taylor would not be looking to long on SS day and would wait for a test of the Sell day highs to short. The FOMC meeting may be the catalyst that may take us out of this tight range we have been trading in.
GI
gio5959
Rep: 200
Posts: 444
quote:
Originally posted by mlomker
quote:
Originally posted by gio5959
sure wish i wud of sold ttt 844.25 (844.31)
I shorted it at 843. My analysis from the previous night suggested a wave 2 or B high at 844 and I always love it when TTT confirms Elliot wave targets. There was also an MTP major TS4 sell on 3min ES. The trade couldn't have been more obvious if it had punched me in the nose.
I was hoping it'd be a wave 3 but it was only C. The rest of the day has been a mess to try to trade, I'll give you that.
congrats on the trade!
what kind of wave pattern do you have going into tomorrow
maybe you could post a chart if its not too much trouble
ML
mlomker
Rep: 0
Posts: 32
quote:
Originally posted by gio5959
maybe you could post a chart if its not too much trouble
I post my ideas and chart snippets on my blog each day. I'm still a novice with Elliot wave and TTT, so the free posts may or may not be worth the price. ;)
http://mlomker.typepad.com
GI
gio5959
Rep: 200
Posts: 444
quote:
Originally posted by mlomker
quote:
Originally posted by gio5959
maybe you could post a chart if its not too much trouble
I post my ideas and chart snippets on my blog each day. I'm still a novice with Elliot wave and TTT, so the free posts may or may not be worth the price. ;)
http://mlomker.typepad.com
good looking blog
me, im now looking for a short on sell short day in the 858 area
of course, 856 being a sq # and resistance back in jan 16 is a trouble spot
also, that gap from jan 14 might present a prob if we get up that high
we'l see what tomorrow brings
ML
mlomker
Rep: 0
Posts: 32
quote:
im now looking for a short on sell short day in the 858 area
Globex is on fire tonight--856.25 right now. That's the number that Prechter said would break their assumption about the current pattern. Of course, they don't count Globex for volume reasons.
I follow a couple different newsletters and they both trade breakouts rather than trying to find tops or bottoms. The stop-outs are less frequent on the breakout trades but perhaps they aren't as profitable.
SI
simba
Rep: 0
Posts: 49
Richbois,
you mentioned TS2 short on the 7th Jan with TVGR IN EFFECT on a 5min chart ,
that was a SS day,
Today 29th Jan is a BUY DAY, would you say a similar scenario is unfolding .
you mentioned TS2 short on the 7th Jan with TVGR IN EFFECT on a 5min chart ,
that was a SS day,
Today 29th Jan is a BUY DAY, would you say a similar scenario is unfolding .
RI
Richbois
Rep: 150
Posts: 590
quote:
Originally posted by simba
Richbois,
you mentioned TS2 short on the 7th Jan with TVGR IN EFFECT on a 5min chart ,
that was a SS day,
Today 29th Jan is a BUY DAY, would you say a similar scenario is unfolding .
Yes the same thing is happening so far.
The reason is we always need to get a decline from the SS day high, either on the SS day or the Buy day. Jan7 did it on SS day and since yesterday had no decline we then got it today.
RI
Richbois
Rep: 150
Posts: 590
Today was a Buy day, TVGR took effect and it took all day to reach the projected targets. Overall not a bad day.
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