trading system

[elovemer]

tuesday is a buy under on a low made first
...... by the count it is SSD
i will use the term action profile. the meaning of this term is..... what action is called for regardless of that current count.
normally a buy under occurs on buy day. in this case it was on a SSD

.... wednesday is buy day ... however the action profile is a sell out of longs taken on tuesday
if wednesday gaps down or makes a low made first below the low of tuesday, then there could be a buy under
... due to the range on monday, there is only a small chance of being able to close a long at previous highs on wednesday

 

[pssonice]

you wrote ".... wednesday is buy day ... "

you wrote : ".... wednesday is buy day ... "

Please, insert some trading levels and your entry point in time !

that s what Linda Bradford Raschke - Swing Trading: Rules and Philosophy
is telling us to do :
If the trade moves in your favor,
carry it overnight--the odds favor follow-through.
Expect to exit the next day around the objective point.
An overnight gap presents an excellent opportunity to take profits.
Concentrating on only one entry or one exit per day relieves the pressure.

If your entry is correct, the market should move favorably almost immediately.
It may come back to test and/or exceed your entry point a little, but that's OK.
Do not carry a losing position overnight.
Exit and play for better position the next day.
A strong close indicates a strong opening the following day.
If the market doesn't perform as expected, exit on the first reaction.
If the market offers you a windfall of big profits, take them to the bank on the close.
If you are long and the market closes flat,
indicating a lower opening the following day,
scratch or exit the trade.
Play for better position the next day.
It is always OK to scratch a trade!
Use tight stops when swing trading (wider stops when trading trend).
The goal always is to minimize risk and create "Freebies."
When in doubt--get out! You have lost your road map and your game plan!
Place your orders at the market.
When the trade isn't working, exit on the first reaction.

 

[elovemer]

" tuesday is a buy under on a low made first "
that means place a limit order below monday's low ... on a move down from the open
.... this limit order can be placed at any point in time starting from tuesday open up until that level is filled
....I guess i was mistaken in thinking that much was very clear and easy to understand.
...as for exit target ... for an exit on wednesday ... the target is the previous high which is monday high
.... the exit limit order can be place AT ANY TIME since price has not yet reached there

... if anyone has not read Taylor MULTIPLE times, you probably have no business participating in this thread
.... "from what I have read of Taylor" ... FLLuck off !

as for Raschke... i have read it ... it is fluff and i won't discuss that material on this thread
... the purpose of this thread is to explore Taylor's methods ...
MOVE MADE FIRST ... is an objective hit before 12 noon
MOVE MADE LAST ... is an objective hit after 12 noon
....this method is about placing limit orders at objectives to be filled on a move made first

...if you are attempting to place orders at the RIGHT TIME ... based on discretion... that type of trading is total BS and has nothing to do with Taylor


=================
Please, insert some trading levels and your entry point in time !

 

[elovemer]

close before the close of session

 

[elovemer]

short above the high of monday

 

[elovemer]

ideal scenario is buy .... move .... short .... buy
or buy ... move ... short .... move.... buy
... this scenario has been playing out pretty regularly

 

[elovemer]

no rocket science
........ trade the tree tops and roots, don't waste time with the bark

 

[elovemer]

nobody trades Taylor methods : 0 )

 

[elovemer]

looking for a short above the high of the 19th .... on a move made first

 

[elovemer]

tues day low..... buy
wed sell
thurs short
friday buy below prev low during globex
monday sell ... .or sell on friday at previous highs

 

[stellarog]

tues day low..... buy
wed sell
thurs short
friday buy below prev low during globex
monday sell ... .or sell on friday at previous highs

nice ! should make March the sell month with April short sell

 

[elovemer]

wednesday low
thursday sell
could be a short on a high made first on monday

when things get tight.... look for the entry to come during globex
for example, when price closes at the high or at the low during trading hours

dow, is better at showing the lows and highs

 

[elovemer]

wednesday low ...... thurs mid ...... monday short
buy below prev low

lows and highs... skip the rest

 

[elovemer]

previous lows.... previous highs
when there is congestion....... the cycle can shorten to just two days .... on a gap

 

[elovemer]

buy day
wednesday .... then tuesday .... the friday

tuesday was inverted

wednesday will be next buy day

 

[elovemer]

... have to keep waiting for buy day action in a strong up trend

 

[elovemer]

got a buy below finally

... have to keep waiting for buy day action in a strong up trend

 

[elovemer]

another buy below
........ first target is previous low .... above

 

[elovemer]

wed
buy below again

 

[elovemer]

thurs .... buy below
keep going ..... never stop until the trend changes

take half off .... hold half