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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GA
garciaal
Rep: 0
Posts: 12
Well I read that cobbled up atrocity, some chapters more than once,
just to be able to discern what the hell he was trying to say.
Do I know anymore than before... not much.
I salute you for being able to figure out his technique and putting together
your ebook. Its to late today for todays report so I'll sign up tomorrow.
just to be able to discern what the hell he was trying to say.
Do I know anymore than before... not much.
I salute you for being able to figure out his technique and putting together
your ebook. Its to late today for todays report so I'll sign up tomorrow.
DA
daxtrader
Rep: 10
Posts: 61
Richbois, Great short on ES yesterday at the TTT level,
BTW have you determined %wise the strike rate on the effectiveness of these levels. ie. how many times the reversals occur at the projected levels, as obviously many times the market would just blast through the levels especially when emerging out of a trading range.
BTW have you determined %wise the strike rate on the effectiveness of these levels. ie. how many times the reversals occur at the projected levels, as obviously many times the market would just blast through the levels especially when emerging out of a trading range.
RI
Richbois
Rep: 150
Posts: 590
quote:
Originally posted by daxtrader
Richbois, Great short on ES yesterday at the TTT level,
BTW have you determined %wise the strike rate on the effectiveness of these levels. ie. how many times the reversals occur at the projected levels, as obviously many times the market would just blast through the levels especially when emerging out of a trading range.
I never did a study on that but I can say that these levels offer resistance / support in a high percentage of occurence. In other words even if we blow through these levels we will get a pause and at least a small reversal at these levels most of the time.
JA
jands
Rep: 0
Posts: 80
quote:
I never did a study on that but I can say that these levels offer resistance / support in a high percentage of occurence. In other words even if we blow through these levels we will get a pause and at least a small reversal at these levels most of the time.
YEP!!!
RI
Richbois
Rep: 150
Posts: 590
Daxtrader as you can see it offered support so far on ES this morning and atleast a bounce. Will we go lower I cant say but 7-8 point bounce is ok in my book
PS 746.3 was also Previous Day Low on the 24 hour session
PS 746.3 was also Previous Day Low on the 24 hour session
Click image for original size
DA
daxtrader
Rep: 10
Posts: 61
A nice Sell Day, although no shorts on Sell day as per Taylor, but we are intraday traders in an electronic age,
Finetune entry/exit via trendlines, pivots, support/resistance etc
Finetune entry/exit via trendlines, pivots, support/resistance etc
Click image for original size
RI
Richbois
Rep: 150
Posts: 590
quote:
Originally posted by daxtrader
A nice Sell Day, although no shorts on Sell day as per Taylor, but we are intraday traders in an electronic age,
Finetune entry/exit via trendlines, pivots, support/resistance etc
Yes the pure Taylor would not short as the Sell day is the day to close the long position from the Buy day low. Like you say times have changed and to me when we attempt to penetrate the previous day high and it fails then the bias is to short has they will probably go test the Buy day low.
So far Dax held at the BdL and FTSE is having a hard time to hold.
Now should the FTSE close below the Buy day low that would constitute one of my exceptions for going long on a SSd tomorrow.
With odds of over 80% of atleast getting back above the Buy dau low at some point tomorrow.
It should be interesting to see what will happen
DA
daxtrader
Rep: 10
Posts: 61
What a day on Dax, hit the Buy Day Low and reversed, afternoon session always follows the lead from US markets.
Re. Ftse prices violated the Buy Day Low, and although a long is allowed only following a weak Buy Day, after banking profits from short trades, one could take the long with the target as Buy Day low.
Re. Ftse prices violated the Buy Day Low, and although a long is allowed only following a weak Buy Day, after banking profits from short trades, one could take the long with the target as Buy Day low.
Click image for original size
Click image for original size
