US Markets: Real-time Trading

[Raj Kumar]

Simply put, here is my Game plan for today:
If market opens and tests YEsterdays highs first - I will aggressive Short
If market gaps below and finds support first - I will nibble at buy side since we had 3 pushes up on 15/30/60 mins expecting an ABC Correction and a continuation in the direction of thrust.

That atleast is my Game Plan....
--Raj

[d-day]

Lets now consider your argument: You say there is no interpretation for flexibility ... My whole beef with you was how you demand Rigidness. There are cases where you can be rigid and there are cases where you have to be flexible like the above mentioned examples show.


I only said Monday was a Buy Day. You were the one who said it was either a Buy Day or a Selling Day. In your post today, three days later, you say it was a Buy Day or a Buy Day High Made First. That is no different than my initial pots on Monday morning. Pull out your Taylor and read this passgae from p. 15: "We have a book that reads; A Buying Day, A Selling Day, A Short Sell Day, then, A Buying Day, A Selling Day, and A Short Sell Day, etc. ... [t]he book is always kept in this order, never change the continuity ... the market is considered as a series of continuous sessions without break." Taylor's words, not mine and not yours.

Here is what you said:

What is to say that Friday is not a Buy Day and today is a Sell Day? Again, always have to put things in context and change the game plan as the Day progresses. I am leaning towards a Sell Day --Raj

and you also tell us:

I started the day with a Buy Day bias

That seems diametrically oppossed to what Taylor himself wrote. Whatever method you may be using, it is emphatically not Taylor's.


Now why did i chip in to the board? After spending countless of hours reading and rereading Taylors book and programming the rules into Computer and backtesting across a portfolio of markets i can safely say i have the expertise and the background to contribute on this thread and wanted to contribute to the thread. Well, so much for that :-)--Raj Kumar

As I understand our disagreement, I simply took issue with your contention that Monday could possibly be either a Buy Day or a Selling Day, and that that confusion could possibly extend into the middle of the trading session. I asked you to provide the passages from Taylor that would support that contention. I have his book just about memorized. The passages you would need to support your view do not exist. So you resort to talk about "backtesting" and programming" and "quantification of rigid rules." I have said many times I am a trader, not software developer, bookseller, systems shill or otherwise. The only backtesting I have done is with my equity.

Until then, i will be in the hibernation and Thank U d-day for putting me where i belong: Just trade by myself.
--Raj Kumar

In whatever place you find yourself, you put yourself there, not me. I wouldn't think of telling anyone to stop posting here; and even if I were so inclined, its not my board to do so. But if you want me to stop responding to what I believe to be your mistaken views concerning the application of Taylor's method, I will not. You are always free to go to Taylor's text yourself and make your case. But you have not done so. You are the one who comes across as the authority, and yet not once have you provided any textual support for your opinions. Not one.

[Raj Kumar]

Long ER on 2 min DP

[Raj Kumar]

ES, YM on 15 min TS2. Sell Short Day with Lows Made 1st?

[Raj Kumar]

My Risk is 1R. Potential Reward on partials 4.6 and riding ATRStop on 2nd 1/2 for big win.
If stopped out, i follow Steves Advice on Trading Failed Patterns...I look to Short assuming it is a Sell Short Day.
Again this is what i mean by flexible and how i trade....U can fault me for doing it this way, but i having been making $ over the past 4 years. Thats my Trading Style and how i incorporated Taylor into my Trading Plan.
Good luck rest of the day every one

--Raj

PS: Atleast i have a plan and using MTP to support my Trades and beliefs

[Raj Kumar]

Now if those 3 min TS3 in NQ or 2 min TS3 in ES lead to new lows, then i miss on that play atleast i have my 1.5R to show for it.

[Eddo]

Now if those 3 min TS3 in NQ or 2 min TS3 in ES lead to new lows, then i miss on that play atleast i have my 1.5R to show for it.

I'am not getting any TS3 on mthe 3 min NQ - what timeframe ru on - 24 hr or mkt hours ?

[richbois]

I'am not getting any TS3 on mthe 3 min NQ - what timeframe ru on - 24 hr or mkt hours ?

i got one on market hours

[Eddo]

i got one on market hours

..... must be the eSignal data here in the UK - another one missed because of that for us poor Brits :(

[Eddo]

..... must be the eSignal data here in the UK - another one missed because of that for us poor Brits :(

....... just taken a look at the Triggered Alert screen and it did fire a TS2 on NQ at 13:18 GMT - which is not shown on the chart or did the disapearing trick - I still and wait for the next one

[Raj Kumar]

Eddo: I set Filter MTPSTF to False and Filter 2+2 Rule to False. I got it in eSignal FWIW...

[Raj Kumar]

Got my 4.6R on Partials....Atleast, i did not have to take 1R losses on NQ....
Now the pure Taylor Followers would refer to Page 41 and say one is not supposed to take Buy Trades on a Sell Short Day....But Well.....I am taking my 4.6R to the Bank.
Thanks MTP...

[richbois]

..... must be the eSignal data here in the UK - another one missed because of that for us poor Brits :(

it saved you a -1R :)

[Raj Kumar]

FWIW...2nd 1/2 already 2.5R. Now i am playing for a retest of Highs 725 atleast on my 2nd unit using ATRStop with no Ratchet and Close.

[Raj Kumar]

WOW!!! Out 725
Now we could have a possible Sell Short Day High Violated Setup.
Thanks every one

[Eddo]

Got my 4.6R on Partials....Atleast, i did not have to take 1R losses on NQ....
Now the pure Taylor Followers would refer to Page 41 and say one is not supposed to take Buy Trades on a Sell Short Day....But Well.....I am taking my 4.6R to the Bank.
Thanks MTP...

........ I don't actually think anyone is saying you can't take a Long trade on the Sell short day or a Short on a Buy day Raj - I think this debate is actually not what you can or can't do on any particular day but infact simply acceptance of 'in the cycle' the day will either be a Buy, Sell or Short Sell - within that its fine to trade either Long or Short but accepting and taking care based on the 'bias' for that day ........... well thats my limited understanding of what he is trying to say.

[Raj Kumar]

Massive 6R on 2nd combined with 4.6 on 1st unit leaves me with 5.3R in the Bank.

[Eddo]

it saved you a -1R :)

... it did :)

[Raj Kumar]

Ok....I think i have proved without a doubt what Flexibility means in context of markets. Just being rigid does not help when following any method that relies on Discretion, especially Taylor. This is what i intend to contribute to the thread in Future if any one is interested. If not, i will be taking my Rs to the Bank. Thanks MTP for putting a nice tool and letting Advanced Traders bank those nice Rs. Keep 'em coming.....

Market now have Sell Short Day High violated now. Whether we get a nice Trend Day from here is debatable. Atleast i will be watching for any TS1 Short Trades and/or TS3 Short Trades and not taking any more Long Trades. Thats my game plan for the rest of the day....

good luck every one
--Raj

[Eddo]

Eddo: I set Filter MTPSTF to False and Filter 2+2 Rule to False. I got it in eSignal FWIW...

thanks - the signal on my chart disapears as soon as the next bar started - even with the filters set to false - just one of those data issues I think

[Eddo]

Ok....I think i have proved without a doubt what Flexibility means in context of markets. Just being rigid does not help when following any method that relies on Discretion, especially Taylor. This is what i intend to contribute to the thread in Future if any one is interested. If not, i will be taking my Rs to the Bank. Thanks MTP for putting a nice tool and letting Advanced Traders bank those nice Rs. Keep 'em coming.....

Market now have Sell Short Day High violated now. Whether we get a nice Trend Day from here is debatable. Atleast i will be watching for any TS1 Short Trades and/or TS3 Short Trades and not taking any more Long Trades. Thats my game plan for the rest of the day....

good luck every one
--Raj

Raj

Sorry to labour the point but I really don't think anyone said anything about not being Flexible. Well done on an excellent trade on your Long AB today but I don't think (dispite that Long trade) that today is anything other than what in my view its always been re the TTT cycle and that is a Sell Short Day.

I think from you last few post you believe it to be as well and haven't suddenly changed today into a Buy day (or have you?)

Chris

[davidh]

Hi Chris
I am on eSignal in UK on got the TS3 short on the 3 min NQ. (filters on) And took it unfortunately!
The 'Bernanke effect' again. What will he do when interest rates are at zero?
Good trading...

[Eddo]

Hi Chris
I am on eSignal in UK on got the TS3 short on the 3 min NQ. (filters on) And took it unfortunately!
The 'Bernanke effect' again. What will he do when interest rates are at zero?
Good trading...

very interesting - if Steve is reading this could the reason my signal disapeared (and I seem to be getting a lot of those) be something to do with the beta version I am running V41

Chris

[d-day]

Ok....I think i have proved without a doubt what Flexibility means in context of markets. Just being rigid does not help when following any method that relies on Discretion, especially Taylor. --Raj

You really just do not understand where I disagreed with you. You are too concerned with somehow being right. As Chris said, this was never about whether you could go short on a Buy Day or vice versa. You can do anything you want to do. But you cannot "rename" the day of the cycle based upon your ephemeral opinion. The cycle is the cyclce.

[Raj Kumar]

Chris,
As i have mentioned at the open we had 2 options today:
a) Sell Short Day
b) Sell Short Day with Lows Made 1st.
Also, the market has put in a 3 waves Up on 15 mins and as Steve mentions after 3 waves up expect an ABC correction.
The market at the open setup a nice ABC Correction on 15 mins. So, went with the Option b) which is a Sell Short Day with Lows Made 1st. The target is prior Days High.
Market traded into prior Day highs and found resistance. Now, as mentioned above, i will not be looking for any Buys but looking at TS1 Short or TS3 Short.

If that was meant to be sarcastic, then heck....Why not a Buy Day?
I am in no way trying to be sarcastic or trying to belittle anyone on this board, but just trying to add in my 2cents to the mix so that we can bank those nice Rs using Taylor Methodology.

Happy Hunting for those Rs...
--Raj

[Eddo]

Chris,
As i have mentioned at the open we had 2 options today:
a) Sell Short Day
b) Sell Short Day with Lows Made 1st.
Also, the market has put in a 3 waves Up on 15 mins and as Steve mentions after 3 waves up expect an ABC correction.
The market at the open setup a nice ABC Correction on 15 mins. So, went with the Option b) which is a Sell Short Day with Lows Made 1st. The target is prior Days High.
Market traded into prior Day highs and found resistance. Now, as mentioned above, i will not be looking for any Buys but looking at TS1 Short or TS3 Short.

If that was meant to be sarcastic, then heck....Why not a Buy Day?
I am in no way trying to be sarcastic or trying to belittle anyone on this board, but just trying to add in my 2cents to the mix so that we can bank those nice Rs using Taylor Methodology.

Happy Hunting for those Rs...
--Raj

Ok - I think we are going round in circles a bit here and fundamentally its seems the issue is that you are calling the options that were available today as two different day 'types'. I think we actually only have 3 types of day (Buy, Sell and SSday) based on what I have read but within a SSday (as in the other two days) we have different options of how to treat that day - depending on how we open (up or down) etc.

Thats it on this from me - I know nothing!

[Raj Kumar]

Huh!!! That could be it.....I treat a Buy Day into Buy Day Lows made 1st, Buy Day Highs Made First; Sell Day aka Boring Day; Sell Short Day, Sell Short Day with Lows Made First. So, yes.....I have them categorized that way for my simplicity....May be that explains things....
--Raj

[Eddo]

Huh!!! That could be it.....I treat a Buy Day into Buy Day Lows made 1st, Buy Day Highs Made First; Sell Day aka Boring Day; Sell Short Day, Sell Short Day with Lows Made First. So, yes.....I have them categorized that way for my simplicity....May be that explains things....
--Raj

........... I think it does and we can all now move on with honour :)

PS You have more R's in the bank today than I do so have a little smile wherever you are :)

[Raj Kumar]

Or may be me being a bad communicator after all :-)

[Larry22]

Hum, can a wave count be of any interest in this little Taylor debates. :D

I don't know if you remembered my previous ER2 wave count and the possible alternate count for going up.

We have probably made the wave (2B) blue 02-22-08, so we are now in the third wave up that will be labelled (3C) blue when making a high above 732.6.

We seem to have attained a fith wave in the first leg up so as long as we don't have an hourly reverseal we are still in the fifth wave up.

That is the reason why we needed to go higher this morning, to finish that impulse wave before even thinking of going lower.


I hope this can help you see where we are at now.

Laurent
Laurent

[Eddo]

Or may be me being a bad communicator after all :-)

hey ......... don't worry about it the one thing I believe we all have in common is we all love what MTP combined with position sizing has done to our bank accounts over the years or months - the rest is 'fine tuning' which will work for some and not for others - :)

[Larry22]

So don't forget we are in a possible wave 3C UP. ;)

The question is will we make a correction of the first 5 waves up here or still climb higher, only time will tell, let's wait and see if we are gonna have an hourly reversal.

Again I want to mention that this is only my point of view as of now.

Laurent

[Raj Kumar]

Thanks Laurent.....

[Larry22]

Anyone, feel free to put your opinions on my wave count.

The more counts or visions, better counts we could ended up with.

Laurent

[TreeShaker]

Anyone, feel free to put your opinions on my wave count.

The more counts or visions, better counts we could ended up with.

Laurent

Laurent your wave count seems to fly in the face of the Taylor Sell Short day and my charts have been going up not down. But maybe it's a data problem. LOL I have no skill in either technique so don't anybody get offended. I'm just looking for more imput. ;)

[Angel]

Hello again,

Sorry to back again with my stupid question but if I well read page 89 of the TTT's book, today is a buy day because the lowest price reached during the last 10 days is 1327.00 for the ES.

So friday is a day termed a buying day.

Following the current TTT counting, today is a buy day no ?

Thanks for your lights

Happy trading

Cheers

Angel

[Raj Kumar]

Angel,
The day you posted happened on a Sell Short Day with Highs Made First.
Today is Sell Short Day (but with the caveat of Lows Made First). Whether
retest of YEsterdays Highs and a penetration of Highs setsup a Sell Short Day now remains open....
Took that 2 min DP Short on NQ....

[Raj Kumar]

Sorry, meant to Say, Sell Short Day with Highs Made Last

[TAS]

Short YM 12745, targeting opposing 15min DP 12596, if stopped out at 12763, there will be no 2nd trade for me today.

For me, less trade means more R in the long run...

Good trading to all

TAS

[Raj Kumar]

I know this is a market not many follow, but WH08 (Wheat) traded ina $6000 per contract daily range today over the last hour. Unreal Movement.....

[Eddo]

Hello again,

Sorry to back again with my stupid question but if I well read page 89 of the TTT's book, today is a buy day because the lowest price reached during the last 10 days is 1327.00 for the ES.

So friday is a day termed a buying day.

Following the current TTT counting, today is a buy day no ?

Thanks for your lights

Happy trading

Cheers

Angel


No Angel - its a Sell Short Day

I forgot that the 18th (I think it was) was a holiday

Chris

[Steve Griffiths]

very interesting - if Steve is reading this could the reason my signal disapeared (and I seem to be getting a lot of those) be something to do with the beta version I am running V41

Chris

Hi Chris

Not sure as I have a valid sell on the 3min NQ at 10:18 and it is still there now........ Build 41 Beta

Wierd this data thing ?

Steve

[Eddo]

Hi Chris

Not sure as I have a valid sell on the 3min NQ at 10:18 and it is still there now........ Build 41 Beta

Wierd this data thing ?

Steve
Hi Steve

Thanks - mine disapeared - I did a bar re-count thing and up it popped but as soon as the next bar came in it went (thats happening a lot I have noticed

Chris

[Raj Kumar]

NQ DP Short stoppped out for Scratch. Done for the day. Time to enjoy Life. good luck rest of tthe day every one

[Steve Griffiths]

Hi Steve

Thanks - mine disapeared - I did a bar re-count thing and up it popped but as soon as the next bar came in it went (thats happening a lot I have noticed

Chris

Could it be that the R/R was above 2:1,

Please can we carry on this via email

As I always say, this Forum is not for technical help questions, as it is so hard to do what is needed via Forum posts.

Thanks

[Steve Griffiths]

As a PS, the "session times" has an effect as no TS3 sell when you use "Equity RHT" but there is is you finish at 4:15EST

This is all to do with the time filtering on the bar that goes into the ABC correction.

Yes another reason for different signals - different time settings.....

Steve

[d-day]

I cannot believe that no one here has posted t about MTPredictor signalling a TS4 Buy at this mornings low, and signalling a sell at this morning's high on the ER2 3 minute

[richbois]

I cannot believe that no one here has posted t about MTPredictor signalling a TS4 Buy at this mornings low, and signalling a sell at this morning's high on the ER2 3 minute

I must have different setting as i dont have those on my chart and was waiting for them atleast the short one

[d-day]

Now we could have a possible Sell Short Day High Violated Setup.

Ok, I give up ... on what page might we find this gem of a set up in Taylor?

[TAS]

I cannot believe that no one here has posted t about MTPredictor signalling a TS4 Buy at this mornings low, and signalling a sell at this morning's high on the ER2 3 minute

Hi Dave,

I don't have such either, you must have some filters off... hope the SHORT SELL accelerates...since this decline is from large degree, every small bounce just coinciding some minor technical level like yesterday's close, 61.8% and 78.6% retracement from initial rally this morning, nothing significant in MTP view until opposing 12596 DP is reached.

Good Trading as always...

TAS

[richbois]

Ok, I give up ... on what page might we find this gem of a set up in Taylor?

"We try to make all short sales on the high made FIRST on penetrations of—Selling Day Highs—‘" page 39 top right side

[davidh]

I got both of the signals David refers to, with filters on (eSignal)
Didn't take the short as it exceeded the previous high, so technically not 'correctional' according to MTP rules, but guess I should be a bit more flexible in that sort of situation.

[Larry22]

Hi Dave,

I don't have such either, you must have some filters off... hope the SHORT SELL accelerates...since this decline is from large degree, every small bounce just coinciding some minor technical level like yesterday's close, 61.8% and 78.6% retracement from initial rally this morning, nothing significant in MTP view until opposing 12596 DP is reached.

Good Trading as always...

TAS

Yup I had these but most of all my fiters are set to off.

We found support near the low of wave 4, so this could be wave a, so we might go up for a while.

Tas look at the ER2 hourly chart I posted earlier.

Laurent

[d-day]

hope the SHORT SELL accelerates...since this decline is from large degree, every small bounce just coinciding some minor technical level like yesterday's close, 61.8% and 78.6% retracement from initial rally this morning, nothing significant in MTP view until opposing 12596 DP is reached.

Good Trading as always...

TAS

Hi TAS,

Funny, I don't seem to have any filters off. It may just be another of those pesky e-signal data variations. Earlier, during the rally, my brokers quotes were running more than 2 ES points ahead of my esignal charts. When esig was showing 1382 I had 1385 at IB.

I'd prefer we end the decline right about here, so as to set up a nice decline or gap down into the 15 minute DP tomorrow at the open to set up tomorro'w Buy Day.


Best wishes,

d-day

[Larry22]

I got both of the signals David refers to, with filters on (eSignal)
Didn't take the short as it exceeded the previous high, so technically not 'correctional' according to MTP rules, but guess I should be a bit more flexible in that sort of situation.

It had to exceed the previous high as we had to make the fifth wave.

It would seem that nobody pays attention to wave counts, you should as sometimes you get nice rewarding rides, like the low we just did in the ER2.

I allready took profits on half my position.

Laurent

[d-day]

"We try to make all short sales on the high made FIRST on penetrations of—Selling Day Highs—‘" page 39 top right side

I know that Rich. I believe he said that we may have a "possible Sell Short Day High violated set up," or some such thing. Now, since you are answering for Raj, tell me where you might find that?

By the way, I got short the ES at 1388.75 - 1 tick above yesterday's high. As I had this as a Short Sale Day, I wanted to go short at the Short Sale Day Objective, per Taylor's instructions (which you accuarately quoted). I had a sell limit order in to do so. I love when MTP catches the top and the low of a move. But it would be unreasonable to expect it to catch each and every turn. But if you were to learn Taylor's actual method and apply it as Taylor instructs, then you will catch some of these turns that you would other wise miss.

[d-day]

It had to exceed the previous high as we had to make the fifth wave.

It would seem that nobody pays attention to wave counts, you should as sometimes you get nice rewarding rides, like the low we just did in the ER2.

I allready took profits on half my position.

Laurent

Also, as it is a TTT Short Sale day, the penetration of yesterday's high followed by the reversal was to be expected. The wave counts are very much in synch with TTT right now, as far as I understand what you are doing Laurent.

[d-day]

I got both of the signals David refers to, with filters on (eSignal)
Didn't take the short as it exceeded the previous high, so technically not 'correctional' according to MTP rules, but guess I should be a bit more flexible in that sort of situation.

Hi David,

I didn't know that the TS4 could not exceed the high per MTP rules (and I'm not saying that isn't the case - I just didn't know that). Elliot does allow for a wave C high to exceed a wave 5 high.

d-day

[Larry22]

Also, as it is a TTT Short Sale day, the penetration of yesterday's high followed by the reversal was to be expected. The wave counts are very much in synch with TTT right now, as far as I understand what you are doing Laurent.

Agreed, we are now in wave 2 of the first impulse wave of the big 3C wave.

I expect the low of wave 2 to be made probably tomorrow, but again it could have allready been done and we could have a trend day on the upside tomorrow. There is no way to tell, only time will show us the way to go. ;)

[TreeShaker]

It had to exceed the previous high as we had to make the fifth wave.

It would seem that nobody pays attention to wave counts, you should as sometimes you get nice rewarding rides, like the low we just did in the ER2.

I allready took profits on half my position.

Laurent

I think that it is more to Elliot Wave being more difficult for most people due to the many possibilities for a wave count. But you seem to have it figured out so good for you. I wish your charts could be bigger because I really have to struggle to see them. I'm old you see.

[Larry22]

Hi David,

I didn't know that the TS4 could not exceed the high per MTP rules (and I'm not saying that isn't the case - I just didn't know that). Elliot does allow for a wave C high to exceed a wave 5 high.

d-day


You allways have to take these 3 min signals in context.

Sometimes an hourly wave will be subdivided in an abc on the 3 min, thus giving you an abc, but in reality hourly waves prevail.

Anyway the short was easy as you also had the DP on the hourly chart and I also had a big divergence on my high time frame tick charts who is based on a 24 hour interval.

Laurent

[davidh]

Hi David,

I didn't know that the TS4 could not exceed the high per MTP rules (and I'm not saying that isn't the case - I just didn't know that). Elliot does allow for a wave C high to exceed a wave 5 high.

d-day

Hi Dave,
I'm just trying to follow MTP rules. As I understand it the TS4 must be correctional to the prior move and in the current RT version of the software you need to check that manually. In the new version I understand that is being done automatically and so the TS4 in question would probably have disappeared altogether when the prior high was exceeded. Maybe Steve can confirm.
Thanks
David

[Larry22]

I think that it is more to Elliot Wave being more difficult for most people due to the many possibilities for a wave count. But you seem to have it figured out so good for you. I wish your charts could be bigger because I really have to struggle to see them. I'm old you see.

PM me your e-mail addy and I wil be more then happy to send you my wave count analysis in the original size. ;)

Laurent

[Steve Griffiths]

I got both of the signals David refers to, with filters on (eSignal)
Didn't take the short as it exceeded the previous high, so technically not 'correctional' according to MTP rules, but guess I should be a bit more flexible in that sort of situation.

Exactly, they are not valid according to the MTP rules, so David was using his "expert eye" because (as you say) they were no corrective....

Steve

[Steve Griffiths]

Hi Dave,
I'm just trying to follow MTP rules. As I understand it the TS4 must be correctional to the prior move and in the current RT version of the software you need to check that manually. In the new version I understand that is being done automatically and so the TS4 in question would probably have disappeared altogether when the prior high was exceeded. Maybe Steve can confirm.
Thanks
David

Exactly...............

[Steve Griffiths]

You allways have to take these 3 min signals in context.

Sometimes an hourly wave will be subdivided in an abc on the 3 min, thus giving you an abc, but in reality hourly waves prevail.

Anyway the short was easy as you also had the DP on the hourly chart and I also had a big divergence on my high time frame tick charts who is based on a 24 hour interval.

Laurent

Yep, also fits in with my daily analysis on another thread.

Steve

[Raj Kumar]

D-Day...Please go over my sequence of posts today....If you do, you would appreciate how i blend Georgies Trading Techniques with MTP setups. you can find everything wrong with what i have said....But if read carefully what i said you would have caught 6R this AM on that Push up and this flush down as well....

I am not a pure GDT if you go strictly by the Book.....This is my style of trading and it works more than anything you can quantify with GDTs work.

Chill down....I did not have any TS4 signals either with my filters off in eSignal and Yes eSignal has been having major data issues recently...
case in point HOD in ER per eSignal is 725.1; in TS is 725.2. So be forewarned with eSignals Data Quality..

thanks

[TAS]

Short YM 12745, targeting opposing 15min DP 12596, if stopped out at 12763, there will be no 2nd trade for me today.

For me, less trade means more R in the long run...

Good trading to all

TAS

Well, I still hold my short, trailing stop move quite slower than normal, which now sits at 12715, 3 ticks above the low of 11:15 bar low...

TAS

[Larry22]

D-Day...Please go over my sequence of posts today....If you do, you would appreciate how i blend Georgies Trading Techniques with MTP setups. you can find everything wrong with what i have said....But if read carefully what i said you would have caught 6R this AM on that Push up and this flush down as well....

I am not a pure GDT if you go strictly by the Book.....This is my style of trading and it works more than anything you can quantify with GDTs work.

Chill down....I did not have any TS4 signals either with my filters off in eSignal and Yes eSignal has been having major data issues recently...
case in point HOD in ER per eSignal is 725.1; in TS is 725.2. So be forewarned with eSignals Data Quality..

thanks

Yup I have seen it too about today's high and I couldn't believe it because 1 tick can be interpreted as a B wave but not 2 ticks.

Another very important thing to remember is that we are all here on this forum for 1 thing.

We are trying to share some of the knowledge we have learned from years of learning and mistakes, we all have different approaches but the last thing we want is for someone to loose money. (well nobody from the forum that is)

So let's all try to learn from everyone who spend time to share their knowledge, we all have an open mind as otherwise we wouldn't have learned so much.

AMEN

[Larry22]

I hope I haven't forgot something. :D

[d-day]

I am not a pure GDT if you go strictly by the Book.....This is my style of trading and it works more than anything you can quantify with GDTs work.



You really are full of yourself, Raj. You sure did portray your use of TTT as "by the book" yesterday. This whole thing could have stopped right then and there if you had simply admitted then that with respect to TTT you make it up as you go along and that you do not adhere to the method as GDT communicated it.

And I could care less what you claim to have made or traded. For nearly three years here on this blog I have posted hundreds of trades -real time, before the fact, with entry stop and stop loss prices. I have participated in chat rooms with other MTP traders, who likewise have called out trades in real time - before the fact not after. So what you may or may not have done today is of no concern to me.

And don't tell me to chill, Raj. Who do you think you are? You show up here yesterday and you act like we should all bow done before you. No thanks buddy - not this guy.

[Raj Kumar]

Thank you Larry....Right from the get go i feel as if i am being shunned....Well...I am not a Software Salesman, vendor or a publisher. I am a trader and i go through the same pain, joy and frustration as every one else. The last thing i want to be ridiculed is in a public forum and by people who claim they know everything.
I use Taylors Methodology with my own subtleties and use MTP exclusively for my trades. I dont rely on mysterical Indicators or Little Birdies. Simple, i have a bias and when i see a MTP Signal in my bias direction i take that trade. If i am stopped out and the day gives me flexibility like Buy Day Highs Made First or Sell Short Day with Lows made First, i follow Steves Guidelines of Failed Setups Video which he has so kindly published.
I dont believe in keeping a book for every market and strongly like to keep trading simple and believe in "Isolation Process". I dont have any qualms in being in "Isolation" and trading the "Isolation Methodology".

Good Bye Forum and good luck every one....

[TAS]

Well, I still hold my short, trailing stop move quite slower than normal, which now sits at 12715, 3 ticks above the low of 11:15 bar low...

TAS

Stopped for 1.5R, not that much but another winning day...

Good luck to all jumping on this TS2 pinging away on YM and ES...

TAS

[davidh]

Wonder why the current ES/YM shorts disappeared from the charts? (eSignal) RR seemed ok, also STF colour etc

Sorry: make that just YM, ES was at 1.9

[TreeShaker]

Laurent, are we to expect a leg down tomorrow. 4c completed today going into 5c. Also an a leg down today with further to go or a reverse for a b leg up?

[d-day]

Laurent, are we to expect a leg down tomorrow. 4c completed today going into 5c. Also an a leg down today with further to go or a reverse for a b leg up?


I'd also like to know what your wave analysis is anticipating, Laurent. Per the TTT, I'm am viewing tomorrow to be a Buy Day. Basis the ER2 I would be a buyer at, slightly above, or below today's LOD 709.60. The Buying Day objective for the ES is 1372.50

I guess what I am asking specifically, laurent, is this: Does your wave count allow for a lower low tomorrow, without doing any damage to a rally scenario per your wave analysis?

[Larry22]

I'd also like to know what your wave analysis is anticipating, Laurent. Per the TTT, I'm am viewing tomorrow to be a Buy Day. Basis the ER2 I would be a buyer at, slightly above, or below today's LOD 709.60. The Buying Day objective for the ES is 1372.50

Yes it does allow for a lower low as we are in wave 2 so it can retrace close to the beginning of wave 2.

OK I have 2 scenarios, first one is that we made an A wave then a B so a C wave is missing to complete wave 2 as we had a 5 wave advance in the first 3C leg going up.

Second one is wave 2 has allready been done and we keep going climbing higher tomorrow.

I sure do prefer the first scenario, but we don't control the market so we will see tomorrow.

Laurent

[Larry22]

To help clarify my possible wave count see the ER2 15 min charts.

Laurent

[jands]

To help clarify my possible wave count see the ER2 15 min charts.

Laurent

HI Laurent,

I don't know what the pattern is called, it is just one that I have noticed on slightly smaller time frames and tick charts, but if it completes down to the "c" in the DP zone it will have great potential for a rally. (But then there is always great potential for it to go one way or the other!!!)

The pattern I recognize is where you have leg number 4 to 5 and point "a" is just shy of point"4" and then one bar penetrates both the low of "4" and "a" in one or two bars and finds support (in the DP zone) and within one or two bars but no more than that you should see a strong reversal that should run for a while. Never a hundred percent, but this setup, for me is very reliable.

It just fits with all the other anaylsis. Hope it works and good luck, I appreciate your wave counts.

Jim

[Larry22]

Worst case scenario is that we open higher then 725.2, this would mean wave 3 in progress.

Laurent

[Larry22]

HI Laurent,

I don't know what the pattern is called, it is just one that I have noticed on slightly smaller time frames and tick charts, but if it completes down to the "c" in the DP zone it will have great potential for a rally. (But then there is always great potential for it to go one way or the other!!!)

The pattern I recognize is where you have leg number 4 to 5 and point "a" is just shy of point"4" and then one bar penetrates both the low of "4" and "a" in one or two bars and finds support (in the DP zone) and within one or two bars but no more than that you should see a strong reversal that should run for a while. Never a hundred percent, but this setup, for me is very reliable.

It just fits with all the other anaylsis. Hope it works and good luck, I appreciate your wave counts.

Jim

I agree we shall wait and see what the markets will print us tomorrow.

[Raj Kumar]

And I could care less what you claim to have made or traded. For nearly three years here on this blog I have posted hundreds of trades -real time, before the fact, with entry stop and stop loss prices. I have participated in chat rooms with other MTP traders, who likewise have called out trades in real time - before the fact not after. So what you may or may not have done today is of no concern to me.

And don't tell me to chill, Raj. Who do you think you are? You show up here yesterday and you act like we should all bow done before you. No thanks buddy - not this guy.

david-d, please look at what i have posted in real time from Post #5251 onwards. I am gonna be a Gentleman and end our conversation from here on. You can say whatever you want from here on. It takes two to tango, and i am not going to partake in this.

My Game Plan for Today:
The facts:
Daily ES is on TS3 Short Mode. Yesterdays Range was 70% of 14 Days Range (implying potential Trend Day). WE had 4 days where market closed > open.
Strategy for Today:
Today is Buy Day according to traditional cycle. But considering the above facts, here is what I will be looking at:
If Market Gaps Lower, Iwill not look to buybelow yesterdays Lows because the Daily TS3 can kick in...I respect these TS3s a lot....
If market opens near yesterdays close and rallies to Yesterdays Highs, i will be looking for a Buy Day Highs Made First and look to Short since we had 4 days of Low to High Trading and markets generally tend to exhaust after 4 days of same directional move.
In short, for today i am looking to Short the markets as i feel the Taylor Cycle could have been shifted one day because of the low range breakout we had since Friday. More confidence on Short Side if the Daily TS3 kicks in...
Again, this is my Game Plan, and i fully understand i may be sidestepping the traditional Taylor Methodology.
--Raj

[Raj Kumar]

PS: I will risk 1R on my initial game plan. If my game plan does not unfold as expected, i will look to take any MTP setups as they appear and be flexible with my initial game plan. I fully realize that today could be a little trickier day to trade with strong end of month seasonality...BTW that is something George Taylor was very good at too....

[Steve Griffiths]

Hi Guys

I have been reading this too-and-fro with interest and resisting stepping in (until now).

I think enough has been said about who is right and who is wrong now. The bottom like is that you (both, no names) have your trading plan, and both stick to it, and as we have all seen to both have made some very nice profits over the last few days. And for me, that is what is important.....

So for me, I like to see posts form different angles (this is what freedom of speech is all about), so I think we should just agree to disagree on some parts of TTT interpretation, and then get on with the business of trading....

Again, what I like is you both have your plan, then stick to is, and as a result have used MTP to generate signals in your anticipated direction........ And as a result have both make good profits... and that is the result we all like :)

Steve

[d-day]

so I think we should just agree to disagree on some parts of TTT interpretation, and then get on with the business of trading....Steve

Hi Steve,

I never intended for the TTT to take over so much of the discussion on the forum. When I brought it up in answer to Tar's question as to how different folks determine the trend or bias for the day, it was to share with other MTP folks something that I had found to work very well for me. It performs as well as it does, especially when coupled to MTPredictor, because I have endeavored to apply it accurately. Just as MTP performs best when it is used according to the rules you wrote for it in your trading course, TTT works best when it is used according the rules set out by George Douglass Taylor in his book. I'm sure you appreciate that point.

Thank you,

David

[d-day]

I have a suggestion, and I would like to hear what other MTP users think of it. It wastes too much time to go and grab the "automatic set-ups" thread every time someone starts a new thread on top of it.

Steve, could you start a new folder for US Markets - Real-time set-ups? That way we can always just pull up the real time trading thread without having to hunt for it.

Thank you,

David


Well, it's been exactly a year since I made that post that started the US Real Time Trading thread, and the time has come for me to take a break from the forum. I need to work on some trading related studies and projects that I have wanted to focus upon, and that takes time, and that time has to come from somewhere. I'll still be lurking, and I will check and respond to my private messages. No doubt I will still post from time to time, but for a day, a week, a month, who knows how long, I need to allocate my business hours differently, and today is a fitting day to start to do so.

For those interested, I do have a few thoughts about Taylor's methodology, specifically on his suggestion that one should look for the lowest low of the last ten days to locate a Buying Day to set the cycle, and how we may, using his own words, qualify that suggestion so as to make it less random than it otherwise may seem. I will post those thoughts later, if not today, then in the next day or so.

I have you a few more posts to follow, and then I will be signing out for the day.


Best wishes and Good trading to all,

d-day

[d-day]

i fully understand i may be sidestepping the traditional Taylor Methodology.--Raj

Too bad you insisted that you were applying Taylor's Method as he intended it when you first came on to this forum. Instead you made up terms and attributed them to Taylor, you claimed to have "modeled" and back-tested" his method. Such is not possible to do properly one does not understand the method to begin with. But then you go on to claim to have come up with something better! By the way, you still have not pointed out the page on which Taylor describes a "Short Sale Day High violated set-up" lol - of course that is because it does not exist. But that is your modus operadi - make inaccurate statements, and when you are called to task for them, you seek to misdirect our attention by still further inaccurate statements.

I have until the last been respectful of you, and I have always replied courteously. I have always backed up my interpretation of Taylor's text with textual quotations in support of my view. You have regularly invented your own terms. It was only when others also started to question your statements that you backed away from your claims, and you then tried to peddle the position that you use some sort of revised Taylor Methodology.
Whereas I have relied upon reasoned argument supported by textual evidence, you, on the other hand, have been consistently adversarial and arrogant, and you refuse to support your arguments with anything objective.

You insinuate that I am some sort of "know it all." On the contrary, the difference between you and I is the difference between Socrates and the Sophists. I know that I do not know, and therefore I am always seeking to learn, whereas you think you know it all, and therefore you insist that others acknowledge your "wisdom." The real problem I have with you is that, to borrow a phrase from Ronald Reagan, "you know so much that isn't so."

I will respond to you no more.

I strongly urge everyone who happens upon this abysmal exchange of the last few days to study George Douglass Taylor's book for him or herself in order to judge the accuracy of what the various folks involved have posted.

[Steve Griffiths]

Well, it's been exactly a year since I made that post that started the US Real Time Trading thread, and the time has come for me to take a break from the forum. I need to work on some trading related studies and projects that I have wanted to focus upon, and that takes time, and that time has to come from somewhere. I'll still be lurking, and I will check and respond to my private messages. No doubt I will still post from time to time, but for a day, a week, a month, who knows how long, I need to allocate my business hours differently, and today is a fitting day to start to do so.

For those interested, I do have a few thoughts about Taylor's methodology, specifically on his suggestion that one should look for the lowest low of the last ten days to locate a Buying Day to set the cycle, and how we may, using his own words, qualify that suggestion so as to make it less random than it otherwise may seem. I will post those thoughts later, if not today, then in the next day or so.

I have you a few more posts to follow, and then I will be signing out for the day.


Best wishes and Good trading to all,

d-day

David,

This was not the result I wanted. I (and may others appreciate your views and insights and look forward to your posts).

So please do not let a small difference of opinion stop you posting, that is not the idea.

We have lost far to many good traders and good posters from this Forum....

I am sure I have the agreement of many many others when I say, please do not let this stop you posting.

Steve

[d-day]

David,

This was not the result I wanted. I (and may others appreciate your views and insights and look forward to your posts).

So please do not let a small difference of opinion stop you posting, that is not the idea.

We have lost far to many good traders and good posters from this Forum....

I am sure I have the agreement of many many others when I say, please do not let this stop you posting.

Steve


Hi Steve,

It is really just an unfortunate coincidence that this occurred now. I had planned for some time to scale back by forum participation around the end of February to enable to work on some other things while continuing to trade. I will be back regularly at some point. And I will still post here in there. But I do need to scale it back a bit.

Don't worry, I am not so "thin-skinned" as to let this drive me away.

And to keep up with the theme of borrowing phrases from California Governore, past and present, "I'll be back." lol

Thanks for the kind words,

David

[Raj Kumar]

I am not going to respond to d-day any more.
It is indisputable that the market had 4 days of Open > Close. I have modelled what happens when the market has such a structure in TS:

if close > open and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and AvgTrueRange(1) < 0.8 * AvgTrueRange(14) then
Sell short next bar at open;
SetExitOnClose;

In other words, what is the expectancy for such a scenario.
In ES over the past 10 years, we had 77 occurences and the trade if short at open and held to close would have been 57% accurate. The same edge holds across a basket of commodities. I will leave upto you all to test various combinations like Shorting at or above previous Days High, Holding position overnight etc...True the sample size is not in 100s but if you remove the AvgTrueRange filter, it is still profitable although barely to cover spreads.

This gives me a framework and a bias for the day when the Taylor count is not so clean. That coupled with the Daily TS3 makes me override the Taylor Methodology for today.
Well.....Looks like markets are gonna open weaker and 72.25 is the trigger for Daily TS3 on ES....
Good luck every one
--Raj

[Raj Kumar]

Short ES 72.25; Stop 90.25 off Daily TS3 Setup

[jjc]

since qoutes are being posted maybe this quote is worthy

"People, I just want to say, you know, can we all get along? Can we get along?... It’s not, it’s not going to change anything...we can get along here. We all can get along. I mean, we’re all stuck here for a while. Let’s try to work it out... Let’s try to work it out"

Please dont stop posting dday

[Raj Kumar]

Market confirms my bias.....I will be looking at only Short Trades and avoiding any DP Long TRades....But again thats me....I have the TS in my Daily Account and looking to actively Scalp to Short Side.
--Raj

[Raj Kumar]

Any one with Long Bias....15 min YM is on a TS4...FWIW....

[jjc]

im dday bias but someone ran him off :(

i already miss those excellent educational posts

[jay21]

im dday bias but someone ran him off :(

i already miss those excellent educational posts

Agree with you JJC - dday bias here as well...:(

[Raj Kumar]

Ok....If getting me off here is gonna bring d-day, i am all for it.....
Bye Bye MTP Forum and d-day, i sincerely apologize if i have hurt your feelings....
Please contribute to the thread and i will trade in "Isolation".
--Raj

[Biggo]

Hi

Also have a D-Day bias here.
As Steve pointed out we do have some great minds posting on here regularly. I for one find D-Days posts always well thought out & full of educational gems. I am truly grateful for his posts & the contributions of all others who post on the forum.
We have lost some great posters over the years & it would be very sad if D-day were to join that list

Cheers

Phil :)

[ClaphamTrader]

Ok....If getting me off here is gonna bring d-day, i am all for it.....
Bye Bye MTP Forum and d-day, i sincerely apologize if i have hurt your feelings....
Please contribute to the thread and i will trade in "Isolation".
--Raj
Personally, I'd feel it a loss if either of you guys (D-Day or Raj) stopped posting. I have to say, that despite the sometimes agressive tone, I enjoyed your exchange over the last couple of days as it provided great insight into how 2 successful traders were interpretting what seems a difficult method to apply and despite the differences both having success with it.
As traders you all know it's not about being right, it's about having a system that over time grows your bank balance and finding something that works for your personality.
I don't want to sound like a tree hugger:) but chill out:cool: and respect each other (actually sounds more like neil from the "Young Ones").
I hope both of you are able to respect each others opinions and continue to post as it has been quite educational - well for me at least.

Respect to you both!:D

[ClaphamTrader]

Also, TS3s forming on ES and YM 3 mins.:eek:
I'm shorting of they fire.

---------------
Update: - and their off!
Short YM at 12633 - StopLoss 12649
1st Target 12557 for 4.7R (better than the 3R offered by the ES short signal)

I think signal looks good for a short as fires after the partial Opening gap fill.
Only concern is the NQ seems strong today, but nethertheless a good looking signal, Red STF and 4.7R 1st Target is worth 1R on the table.
& currently just moving in the right direction! :-)

[jswin]

Ok....If getting me off here is gonna bring d-day, i am all for it.....
Bye Bye MTP Forum and d-day, i sincerely apologize if i have hurt your feelings....
Please contribute to the thread and i will trade in "Isolation".
--Raj

Raj, I think the point is that DDay's approach is about walking before running. We are in the early stages of TTT education (I bought GDT's book two days ago) and DDay's aim is, I believe, to teach us Taylor's methodology in its pure form. That is the logical place to start. Once we have, like yourself, had a chance to digest and understand the correct application of the rules, then we can begin to apply that knowledge to our own trading techniques and become more versatile with it.
At this point, and I think I probably speak for most of us, we are more interested in understanding a methology that is none too simple on account of the horrid style in which the original text is written, than in one person's application of that style into their own trading.
Raj, I think you have a lot to contribute and I hope you stay. Your experience in TTT could be of real benefit to many of us.
But DDay is the biggest educational asset to this forum, in terms of MTP customers, and his departure would be a great loss.
Raj, may I suggest that you carry on posting your trades, and let it be known that you are applying TTT to your own style, and let DDay guide the rest of us in the correct usage of the methodology until such a time as we have reached your level of proficiency.
In short, DDay, you'll have to find alternative times to do your extracurricular activities - get your arse back on the forum and carry on the great work you do. Because I am only on GDT page 4 and I'm already needing a translator ;)

[kbednar]

30 minute close inside the value area. There is an 80% chance we will see 1384 on the S&P today according to the rule.....we shall see.

Ken:)

[ClaphamTrader]

...
In short, DDay, you'll have to find alternative times to do your extracurricular activities - get your arse back on the forum and carry on the great work you do. Because I am only on GDT page 4 and I'm already needing a translator ;)
Here, here...

This discussion has got me to order the Taylor book from Amazon. Unfortunatley "not in stock" so I will have to wait some time for delivery:(

What is it with Taylor and TTT at the moment? Has there been some recent publicity that's sparked interest in him?

[ClaphamTrader]

30 minute close inside the value area. There is an 80% chance we will see 1384 on the S&P today according to the rule.....we shall see.

Ken:)
Well I hope we're on the 20% today Ken, as I'm short the YM:) .
Buy just in case, I'm bringing my StopLoss down to 12633 entry for b/even.

[jswin]

Here, here...

This discussion has got me to order the Taylor book from Amazon. Unfortunatley "not in stock" so I will have to wait some time for delivery:(

What is it with Taylor and TTT at the moment? Has there been some recent publicity that's sparked interest in him?

Just DDay I think :)
PS - I went to traderspress.com and bought the e-version for $19.99. You can be reading it in seconds.
Joel

[TreeShaker]

Laurent, it seems to me that scenario 1 has been met already. I'm I right? So if that is correct, where to from here?

[Raj Kumar]

TS3 Sells got their objectives....TRailing Atrstop on rest hoping for a Big Trend Day Down.....Using 0 Ratchet and Close

[Steve Griffiths]

Hi Guys

Focusing on Trading and the MTP set-ups........... short from the high of the day on the ES........... yipee :)

Steve

[kbednar]

Well I hope we're on the 20% today Ken, as I'm short the YM:) .
Buy just in case, I'm bringing my StopLoss down to 12633 entry for b/even.


Yep....looks like one of those 20% days.
Short the TS3.

despite all the terrible news out, they insist on taking the market higher for some reason the last few days. My guess is that if we get to the 1405 area on the S&P...................watch out below........................

Ken

[ClaphamTrader]

[quote=ClaphamTrader;15130]....
Short YM at 12633 - StopLoss 12649
1st Target 12557 for 4.7R ...[quote]

Out for 4.7R at 12557. - Thank You MTP!

Although it was a striong move down, this is right at DP and -1000 Ticks firing suggested it might be getting exhausted.
It might move down some more, but I need to remember not to get too greedy.:)

[TreeShaker]

[quote=ClaphamTrader;15130]....
Short YM at 12633 - StopLoss 12649
1st Target 12557 for 4.7R ...[quote]

Out for 4.7R at 12557. - Thank You MTP!

Although it was a striong move down, this is right at DP and -1000 Ticks firing suggested it might be getting exhausted.
It might move down some more, but I need to remember not to get too greedy.:)

Nice trade :D Looks like you got out at the right time.

[Larry22]

Laurent, it seems to me that scenario 1 has been met already. I'm I right? So if that is correct, where to from here?

I had bought the ER2 at 708.9 but sold everything near 712.4 as we had a double abc on the way up, so I was expecting the market to go lower.

That is the thing with Elliott waves you have to be able to read the waves on smaller time frames as they unfold.

We now have reached the 50% retracement I bought some there with a tight stop loss as some of my tick charts indicate that we could go lower.

Laurent

[TreeShaker]

Raj, it's hard to keep track of every one, how is your strategy working? Dave how are you doing? Laurent? Steve you always do good. :D LOL

[Larry22]

I'm not sure that I will be able to trade this afternoon as I have an appointment with the doctor.

So I will be away around noon.

I will post a chart later that will show why I sold just in time before the market drop.


Laurent

[ClaphamTrader]

Yep....looks like one of those 20% days.
Short the TS3.

despite all the terrible news out, they insist on taking the market higher for some reason the last few days. My guess is that if we get to the 1405 area on the S&P...................watch out below........................

Ken
Yes but @US bonds went sharply higher today and $TRAN back near bottom of it's recent box range. Both these point to a lower market if they continue in that direction. On a swing basis I have a bearish bias at the moment. For day trading, I'm just taking nice MTP signals.
It's looking a bit like it'll roll over further south today, but with 4.7R in the bank I'm done and let my swing short work themselves out.

Good luck the rest of the day.

[Larry22]

Raj, it's hard to keep track of every one, how is your strategy working? Dave how are you doing? Laurent? Steve you always do good. :D LOL


One thing I can tell you is that you have to make your own calls and stick to your plan. If you listen to everyone you won't know what to do and when an MTP signal will fire you will hesitate and ended up not taking it, then you will blame yourself for not having taken it.

Laurent

[Raj Kumar]

Treeshaker,
As u know, i have been Short since AM. I added on the TS3 Short Booked Partials on the 1st WPT and trailing ATRStop on Rest hoping for a close at lows and catching a big win.
I am Greedy and i think Greed is Good...Right?
--Raj

[Raj Kumar]

BTW....ES at interesting area here; 64 was prior swing high and 63.75 was two day low. MAy be we consolidate here a bit but who knows....Odds still favor to downside IMHO....

[ClaphamTrader]

[quote=ClaphamTrader;15141]

Nice trade :D Looks like you got out at the right time.

Well looks like the bears might give it a bit more of a run, but I'm on the sidelines now for day trades.

[Raj Kumar]

FWIW....Today qualifies as a Kicker DAy for any of you Candlestick fans.
Today strictly speaking would have qualified as a Taylor Buy Day. But the subtle aspect of Taylor coupled with MTP gave me confidence to stick to Short side thereby avoiding a -1R on the ES 3 min Long DP trade at Open and the -1R on the ER 3 min DP Long Trade.
Trust me folks, i have taken those DP trades over the past years and got dinged left and right adding to my frustration. My adaptation of Taylor was born out of this frustration. I am still a student of Taylor and trying to adapt his style.
Hope we have one of those big Trend Down Days...........
good luck every one and MTP Rocks
--Raj

[martinrcox]

Here, here...

This discussion has got me to order the Taylor book from Amazon. Unfortunatley "not in stock" so I will have to wait some time for delivery:(

What is it with Taylor and TTT at the moment? Has there been some recent publicity that's sparked interest in him?

I got it from these people and it arrived within a couple of days

http://books.global-investor.com/books/3155.htm?ginPtrCode=00000

[kbednar]

Hi Guys

Focusing on Trading and the MTP set-ups........... short from the high of the day on the ES........... yipee :)

Steve

Steve:
Please correct me if I am wrong, but as far as I know, you do not care about George Taylor and TTT cycles, George Angel or Linda Radske, or about having divergence before taking a trade, or anything not related to MTP. After the last few days I can see why. We have buy days where we sell and sell days where we buy. Makes perfect sense to me.

As to my knowledge, you never mention having a bias, other than a MTP setup in a higher time frame. Can you share with us how you get your bias for the day? Thanks

Ken:)

[ClaphamTrader]

I got it from these people and it arrived within a couple of days

http://books.global-investor.com/books/3155.htm?ginPtrCode=00000
Thanks Martin.

[jjc]

i dont know about you guys, but this was becoming a pretty neat site to come to watch and learn and now its so disrupted to my trading

[Eddo]

Hello everyone - just back from a 350 mile drive, having given a 3 hour lecture and was very sorry to read the days posts - I hope and believe that there is room for us all and hope David will find time to continue :)

As always I am flying in the face of what seems to be most peoples view of today and went LONG (yes LONG) the Ab on its 15 min TS4 at Typ Wpt and with a black Trin .............. and the thought in the back of my mind that today is a Buy Day :) No doubt I will pay for 'going against the crowd' but thats where I am with stops in at 7016 -

Wish me luck people :)

[ClaphamTrader]

......
Wish me luck people :)
Looks like your luck may be in!

I was going to stop for the day on my +4.7R from the first trade, but the computer is 'dinging' at me, so I have a look out of curiosity and I'm looking at TS3s in all 4 charts.
Took the ER2 TS3 Short, but just got Stopped at 707.30:mad:

Next time must remember to switch the damn thing off.
Oh well, +4.7 -1 = +3.7R is still good.

Look like you TTT folk may be getting your Buy Day today:rolleyes: .

I'm done for good now.
Good luck in you trading for the rest of today! See y'all soon.

[Eddo]

Looks like your luck may be in!

I was going to stop for the day on my +4.7R from the first trade, but the computer is 'dinging' at me, so I have a look out of curiosity and I'm looking at TS3s in all 4 charts.
Took the ER2 TS3 Short, but just got Stopped at 707.30:mad:

Next time must remember to switch the damn thing off.
Oh well, +4.7 -1 = +3.7R is still good.

Look like you TTT folk may be getting your Buy Day today:rolleyes: .

I'm done for good now.
Good luck in you trading for the rest of today! See y'all soon.

Have a goodnite Clapham ............. this trader from Wapping is hanging on in there having missed out on the earlier part of the day :)

[richbois]

Hello everyone - just back from a 350 mile drive, having given a 3 hour lecture and was very sorry to read the days posts - I hope and believe that there is room for us all and hope David will find time to continue :)

As always I am flying in the face of what seems to be most peoples view of today and went LONG (yes LONG) the Ab on its 15 min TS4 at Typ Wpt and with a black Trin .............. and the thought in the back of my mind that today is a Buy Day :) No doubt I will pay for 'going against the crowd' but thats where I am with stops in at 7016 -

Wish me luck people :)

I took the same trade based on MTP and TTT

TTT is a buy day and the MTP signal came at right levels forcasted by TTT

lets see how it goes

[Eddo]

I took the same trade based on MTP and TTT

TTT is a buy day and the MTP signal came at right levels forcasted by TTT

lets see how it goes

Hi Richard

BTW many thanks for your email - from my quick look the work you have done is Outstanding - but I fear it is going to take me some time to get my head round. I am clear on the cycle (I think) but how we gets the Objectives from the figures is still, alas, not clear to me -

From my point of view the potential benefit of TTT is the Bias - at heart I am a very simple MTP trader, which for years now I haved loved. I am too stupid to get into the more complicated things in this business, but I can see how having a bias for the days trading is of great help in keep one 'on the right side.

In the past I have attempted to do this with my good old Trin (sorry to be so boring about that everyone) and the SFT ........... but if TTT can add to that I am more than a willing learner and the input by David D has been both valuable and interesting .......... I hope he will continue to post

Best wishes and tomorrow I dive back into your spreadsheet :)

Chris

[Eddo]

I took the same trade based on MTP and TTT

TTT is a buy day and the MTP signal came at right levels forcasted by TTT

lets see how it goes

.................. zoooooooooom could it be that we might actually have made a good call on this one :)

[richbois]

.................. zoooooooooom could it be that we might actually have made a good call on this one :)

I moved stop at breakeven and will let it run :)

[Eddo]

I moved stop at breakeven and will let it run :)

............... snap :)

[Raj Kumar]

ER: 3 min DP and 5 min TS3 Short;

[richbois]

MTP has a goal of 727 and TTT of 724 however i dont think it will happen today may have to find an othe entry tomorrow if i follow the rule of closing positions each day

[Raj Kumar]

Nice trade richbios;;;
-1R on ER Short; Done with Shorts

[Eddo]

MTP has a goal of 727 and TTT of 724 however i dont think it will happen today may have to find an othe entry tomorrow if i follow the rule of closing positions each day

. my first tgt on our AB 15 min Long is 7200 at the 1st 15 min DP - a long way to go at the moment but am happy to carry a 15 min through to the next day

[richbois]

Nice trade richbios;;;
-1R on ER Short; Done with Shorts

Thank you but just got stoped at +1R

I guess with oil at these record highs it maybe difficuld to close at the highs of the day

[edfash]

es completed 5 wave sequence down into the 2 day low, rallied to minimal target at .786 retracement of wave 5.

[TAS]

Well, with all 4 E-minis didn't make new high this afternoon before going down to close near the low end of the session (NQ did made new low in its last 16:12 bar), how can we bias tomorrow based on today?

Thank you for input..

TAS

[richbois]

Well, with all 4 E-minis didn't make new high this afternoon before going down to close near the low end of the session (NQ did made new low in its last 16:12 bar), how can we bias tomorrow based on today?

Thank you for input..

TAS

I am far from being an expert on TTT as i just started last week and didnt finish reading the book but my calculation for tomorrow is a sell day and as we figured out last time its the day to go golfing but for the hard workers that dont golf here is what my results say

ES
Possible HIGH for Sell Day 1396.23 based on Rally from low on BD
Possible HIGH for Sell Day 1383.68 based on Ave Penetration on SD
Possible LOW for Sell Day 1344.71 based on Ave Buy Violation

ER2
Possible HIGH for Sell Day 723.65 based on Rally from low on BD
Possible HIGH for Sell Day 718.69 based on Ave Penetration on SD
Possible LOW for Sell Day 691.20 based on Ave Buy Violation

NQ
Possible HIGH for Sell Day 1828.13 based on Rally from low on BD
Possible HIGH for Sell Day 1825.29 based on Ave Penetration on SD
Possible LOW for Sell Day 1756.07 based on Ave Buy Violation

I dont have data for YM

use this info at your own risk as these numbers are based on averages

Richard

[Raj Kumar]

Using the Traditional Taylor Analysis, tomorrow would be a Sell Day aka Do Nothing Day.
But we had 4 updays where close > open and according to Taylor
Pg 9
<< The market goes up 1-2-3 days and reacts, the 4th and 5th figure is the variation when it runs that extra day or two on the way up and on the way down in both bull and bear trend>>
I interpret that above as meaning when the market runs for 3 up days and reacts the 4th and 5th day could correct the 3 day move up. Considering the fact that we are still in a Daily TS3 mode, and had narrowing of range again today, i would extend the Down Day Cycle to one more day tomorrow.
So, i will be looking to Short side tomorrow. And again that is my Game Plan for tomorrow.
--Raj Kumar

[Larry22]

I'm not sure that I will be able to trade this afternoon as I have an appointment with the doctor.

So I will be away around noon.

I will post a chart later that will show why I sold just in time before the market drop.


Laurent

One reason why it is important to look at other time frames this one is from a 500 tick charts.

From 706.9 we had all the required waves to go up, but instead of climbing in an impulse wave (if you look carefully at the pattern in the square box) we had 2 abc's in a row, not a very good pattern if you are long, so when the market failed to take the last high I bailed out from my long and went short as we also had at the same time sell signals on the ES and NQ on the 3 min charts.

Even if I had a bias on the long side I'm not that stobburn as I try to never fight what the market is telling me and at that point the market was screaming to me sell sell sell.

Laurent

[Raj Kumar]

And here is where conviction for my bias comes from:

TS Code:

if close[1] > open[1] and close[4] > open[4] and close[2] > open[2] and close[3] > open[3] and AvgTrueRange(1) < 0.8 * AvgTrueRange(14) then
sell short next bar at open;
SetExitOnClose;

Over the past 10 years, Shorting at the Open with the structure we have yielded 69 trades with a 59% win/loss ratio and avg net profit of $100 per contract. Remove the Range Filter we get about 148 trades with 51% win/loss and an avg net profit of $83 per contract.
I will be approaching tomorrow with a Sell Short bias. Again thats me. I have the Daily TS3 in my favor and will be taking any Short signals initially risking 1R.
Have a good day tomorrow.
--Raj Kumar

[Friar William]

FWIW....Today qualifies as a Kicker DAy for any of you Candlestick fans.
Today strictly speaking would have qualified as a Taylor Buy Day. But the subtle aspect of Taylor coupled with MTP gave me confidence to stick to Short side thereby avoiding a -1R on the ES 3 min Long DP trade at Open and the -1R on the ER 3 min DP Long Trade.
Trust me folks, i have taken those DP trades over the past years and got dinged left and right adding to my frustration. My adaptation of Taylor was born out of this frustration. I am still a student of Taylor and trying to adapt his style.
Hope we have one of those big Trend Down Days...........
good luck every one and MTP Rocks
--Raj

I have been an MTP user for almost one year. This is my first post here.
Today is not a kicker day. I do not know much about Taylor. I am a student of candlestick charting. Today was not a kicker day.

You can see a schematic of a Kicker Candstick pattern here

http://www.swing-trade-stocks.com/candlestick-patterns.html

Look at a daily chart of the four indexes and compare. You will see that today was not a kicker day.

[jjc]

I have been an MTP user for almost one year. This is my first post here.
Today is not a kicker day. I do not know much about Taylor. I am a student of candlestick charting. Today was not a kicker day.

You can see a schematic of a Kicker Candstick pattern here

http://www.swing-trade-stocks.com/candlestick-patterns.html

Look at a daily chart of the four indexes and compare. You will see that today was not a kicker day.

friar william,

do me a favor, what kind of candlestick pattern do you see on the SPX daily, if any, that has developed in the last three days?

thanks in advance

j

[leeda]

I have been an MTP user for almost one year. This is my first post here.
Today is not a kicker day. I do not know much about Taylor. I am a student of candlestick charting. Today was not a kicker day.

You can see a schematic of a Kicker Candstick pattern here

http://www.swing-trade-stocks.com/candlestick-patterns.html

Look at a daily chart of the four indexes and compare. You will see that today was not a kicker day.

hi friar and all those interested in candlesticks - im also a student of candlestick charting - any1 wanting to learn should stick with Steve Nisons work as he is the 1 who introduced this form of analysis to the western world, alot of others have simply 'followed his lead', he has 2 main books available which cover pretty-much all the patterns ur likely to see occuring

[leeda]

friar william,

do me a favor, what kind of candlestick pattern do you see on the SPX daily, if any, that has developed in the last three days?

thanks in advance

j

if ur interested this is wot i see - the candlestick made on 27th Feb (on daily cash $indu) was a doji which was signalling weakness and more importantly (i believe) was the fact that it was 'confirming' resistance from the pattern at close of 4th Feb which was a dark cloud cover/bearish engulfing hence the reason ive been short from 12,750 and am bearish for 2day especially if we break below 12,500 (it may offer temp support)

[d-day]

30 minute close inside the value area. There is an 80% chance we will see 1384 on the S&P today according to the rule.....we shall see.

Ken:)

Hi Ken,

Good information. I know a few MTP users who use Market Profile or some of its concepts combined with MTP to great effect. I would imagine that when the market sets up in such a way to have a particular outcome 80% and then fails to act as anticipated, that the market is telling us something very important. You, like most of us, obviously look outside MTP for an additional edge to help you organize your approach to the market. As as I was reading through yesterday's posts this morning, I was thus surprised to find the following post from you later in the day yesterday:

Steve:
Please correct me if I am wrong, but as far as I know, you do not care about George Taylor and TTT cycles, George Angel or Linda Radske, or about having divergence before taking a trade, or anything not related to MTP. After the last few days I can see why. We have buy days where we sell and sell days where we buy. Makes perfect sense to me.

As to my knowledge, you never mention having a bias, other than a MTP setup in a higher time frame. Can you share with us how you get your bias for the day? Thanks

Ken:)

On the contray, Steve has always encouraged MTP users to find their own way to maximize the benefits they derive from using the software. As he has always maintained, MTPredictor is a discretionary, and not a black box approach to trading.

I do understand your frustration with character of the dialogue here on the forum. It certainly took a turn for the worse this week. But I do think we should encourage more and not less participation and sharing of ideas. For example, Ken, if you feel comfortable in your knowledge and ability to apply Market Profile to market analysis, I for one would like to hear more.

Best wishes and good trading,

d-day

[d-day]

I have been an MTP user for almost one year. This is my first post here.
Today is not a kicker day. I do not know much about Taylor. I am a student of candlestick charting. Today was not a kicker day.

You can see a schematic of a Kicker Candstick pattern here

http://www.swing-trade-stocks.com/candlestick-patterns.html

Look at a daily chart of the four indexes and compare. You will see that today was not a kicker day.

LOL

Friar William,

I would not have known a "kicker candle" before this morning if it had bit, or perhaps "kicked" me in the ar$e. And without your post, I would have had a wrong idea as to what a "kicker" is.


Thank you,

d-day

d-day

[d-day]

hi friar and all those interested in candlesticks - im also a student of candlestick charting - any1 wanting to learn should stick with Steve Nisons work as he is the 1 who introduced this form of analysis to the western world, alot of others have simply 'followed his lead', he has 2 main books available which cover pretty-much all the patterns ur likely to see occuring



if ur interested this is wot i see - the candlestick made on 27th Feb (on daily cash $indu) was a doji which was signalling weakness and more importantly (i believe) was the fact that it was 'confirming' resistance from the pattern at close of 4th Feb which was a dark cloud cover/bearish engulfing hence the reason ive been short from 12,750 and am bearish for 2day especially if we break below 12,500 (it may offer temp support)


Hi leeda,

Great stuff! I have read Nison's Candlestick Course in a very cursory maner and I am not by any stretch a candlestick expert. Thank you for sharing this with us. I imagine that I would not be alone saying that I would like to have you continue to share such patern analyses for us as you see recognizable patterns develop.

Best Wishes and Good Trading,

d-day

[d-day]

Even if I had a bias on the long side I'm not that stobburn as I try to never fight what the market is telling me and at that point the market was screaming to me sell sell sell.

Laurent

Hi Laurent,

Excellent point for all us to always remember. One of the things I like about the TTT is that it helps me anticipate the highest odds near term direction for the market. When the market fails to act as anticipated, that is an important piece of information to have before you.

By the way, Laurent, I spoke with a few MTP users yesterday who do not post regularly here on the forum. Believe me when I tell you that your work on wave counts is respected and tat you do have an audience. Do not let yourself feel that if no one responds to a particular post or chart of your analysis that your work is of a no interest. You have caught the attention of some very successful traders.

Best Wishes and Good Trading,

d-day

[d-day]

We have buy days where we sell and sell days where we buy. Makes perfect sense to me.

This is why I have been so adament about portraying Taylor's method accurately and as the author himself intended, rather than a butchered version with made up and make-believe terms. Taylor's method will only make sense if you follow him straight through.

Two large obstacles lead to this misinformation in general. First, Taylor was a terible writer. He had no sense of punctuation or general grammatical principles. One individual who has asked me questions via private messages speaks English as a second language - God bless him! I have enough difficulty with Taylor and I have the benefit of English being my first language!

The other obstacle is that the publisher, recognizing the fact that Taylor's prose is tortured (and torturing) has included two essays by other commentators, and the publisher in the forward recomends readers read the commentary first! And to make matters worse, the first commentator suggests skipping most of Taylors chapters! The second commentator was trying to sell a software based upon Taylor, and he admits that to make his software work, he had to write the program to ignore the times when the market did not trade in according to the simple Buy - Sell - Short Sale cycle.

So many folks either skip a large part of taylor's book, or, thinking that the commentators are accurate, skip reding him entirely.

Yesterday was a Buy Day. We had what Taylor would describe as a "Flat Closing." I'll leave it up to you folks to read Taylor to find out what he means by a "Flat Closing." It probably does not mean what you think it does. The most important parts to understanding how to approach today with respect to Taylor's method is Chapter 3 "Uses for the Columns and Marks," and chapter 6 "A Buying Day Low Violation." Most readers of Taylor, following Linda Raschke's advice to skip the chapters about how to make the Book will skip over Chapter 3. I feel much of the confusion folks have as to how to apply Taylor come from skipping these chapters, and not taking the time to keep the Book.

A lot of good information comes from keeping the Book. I'll post more on that tomorrow. I will also post my thoughts on locating the trading cycle.

I will answer one private message I had here. I was asked the following question:

"It's a fact that market's cycle have been changing regularly and I really can't imagine having started my book 1,2 or 3 years ago without any update so don't you think that the TTT trading book should be update each day by taking the lowest low of the last ten days and termed as a buy day ?"

No. Taylor clearly discusses "Buying a Higher Bottom." What is "Buying a Higher Bottom?" It is Buying on a Buy Day when the low of the Buy Day is higher than the low of the Short Sale Day. So there is one example, from Taylor himself, where the lowest low of the last ten days would have been not a Buy Day, but rather a Short Sale Day.

In fact, I misspoke (or mis-typed) in an earlier post of mine concerning the extending of cycles when I was trying to correct an inaccurate post by someone else concerning TTT. The cycle, once found, stays set. Your actions on those days may change. While it is always Buy/Sell/Short Sale/Buy/Sell/Short Sale, the actions may vary as price extends up or down depending on the current trend.

I will address that issue tomorrow.

That is all for me here today.

Best Wishes and Good Trading to all,

d-day

[Raj Kumar]

LOL

Friar William,

I would not have known a "kicker candle" before this morning if it had bit, or perhaps "kicked" me in the ar$e. And without your post, I would have had a wrong idea as to what a "kicker" is.


Thank you,

d-day

d-day

Looks like i can never catch a break on this forum....No matter what i type is misconstrued as passing on the wrong information.
Let me put the Kicker to test on a computer: Here is TS code. Nothing subjective and for interpretation here:

if close > open and open of next bar < low then
sell short next bar at open;
if marketposition = -1 and barssinceentry = 3 then
buy to cover next bar at open;

Simply put market closes > open and next day gaps below prior days low. We short at open; We give market 3 days and cover. This simple model produced 52 trades over the past 10 years been accurate about 49% of the time and produced about $180 per trade.

The last three occurence happened 1/15/08; 10/30/07; 09/14/07. And FWIW...I mentioned the Kicker before we had the push during 1:00 CST. Any way, d-day you were the one who came up with this forum creation idea, you are the one who introduced the forum to Taylor, who am i to question?
The forum is always yours and i finally bow to you all and quit so that you all can have good character of the dialogue in this forum. I donot want in any way shape or form contribute to the dialogues taking for the worse this week because of my presence here....

Once again i apologize if you think i have fed misinformation here. But every thing i have mentioned i have backed it up with an edge that is quantifiable and that was what i wanted to contribute to the thread. An edge that is not 100% but gives me enough bias on the day so that i can confidently step up to the plate and take MTP trades.

Good luck every one.....And Signing off for ever and keep ringing those Rs consistently.....

--Raj Kumar

[jjc]

if ur interested this is wot i see - the candlestick made on 27th Feb (on daily cash $indu) was a doji which was signalling weakness and more importantly (i believe) was the fact that it was 'confirming' resistance from the pattern at close of 4th Feb which was a dark cloud cover/bearish engulfing hence the reason ive been short from 12,750 and am bearish for 2day especially if we break below 12,500 (it may offer temp support)

leeda, thank you very much for that candlestick information - i, personally, would appreciate it if you and friar william would continure to post that type of info - it helps to confirm what i 'think' i see

[leeda]

leeda, thank you very much for that candlestick information - i, personally, would appreciate it if you and friar william would continure to post that type of info - it helps to confirm what i 'think' i see

jjc and david d - not a problem, time permitting i will post anytime i c a pattern developing, i ONLY trade the dow cash but usually the markets move in tandem so the posts will be relevant especially with the S&P.

for those interested in learning about candlesticks i mentioned in a previous post the author Steve Nison....but 4got 2 mention da names of the books; his 1st book is 'japanese candlestick charting techniques' and once youve read/studied that then his 2nd book is equally as good 'beyond candlesticks'

good luck 2day, looks like its gonna start off bearish at least

[kbednar]

[QUOTE=d-day;15194]Hi Ken,

Good information. I know a few MTP users who use Market Profile or some of its concepts combined with MTP to great effect. I would imagine that when the market sets up in such a way to have a particular outcome 80% and then fails to act as anticipated, that the market is telling us something very important. You, like most of us, obviously look outside MTP for an additional edge to help you organize your approach to the market. As as I was reading through yesterday's posts this morning, I was thus surprised to find the following post from you later in the day yesterday:



Hi Dave..........I hope you keep posting. In this business you can never be complacent and your input is invaluable.
You are correct in when the 80% rule fails, as it did yesterday. The value area was 13763.75 - 13874.50. I hate when this happens, but when I get a TS short signal fire on the ES 5min at 10:45 just inside the value area - I had to wait to see if the rule would fail. Because I know that 80% of the time we will fill that VA area when a 30 minute bar closes inside that area. When price broke down through 1372.50, I entered short. Yes, the TS entry was 1375.50, and I missed some points chasing the market, but good, bad or indifferent,that is the way I do it.
Also, I am so intrigued by Taylor, that I ordered his book just to see what all the comotion was about. Good trading today all.

Ken:)

[d-day]

ES
Possible HIGH for Sell Day 1396.23 based on Rally from low on BD
Possible HIGH for Sell Day 1383.68 based on Ave Penetration on SD
Possible LOW for Sell Day 1344.71 based on Ave Buy Violation

ER2
Possible HIGH for Sell Day 723.65 based on Rally from low on BD
Possible HIGH for Sell Day 718.69 based on Ave Penetration on SD
Possible LOW for Sell Day 691.20 based on Ave Buy Violation

NQ
Possible HIGH for Sell Day 1828.13 based on Rally from low on BD
Possible HIGH for Sell Day 1825.29 based on Ave Penetration on SD
Possible LOW for Sell Day 1756.07 based on Ave Buy Violation


Richard

I'm breaking radio silence to quickly say, first of all, that Richard has done some first rate work here. I meant to mention it earlier during my "Coffee time postings" but I had to run out before the open and so this slipped my mind.

Also, my potential low for taday was 1345. As Richard points out, this is based upon averages, and thus it by no means that a low has been struck. But the actual LOD on the ES thus far has been 1345.75 and we are now four points higher. Again, we may very well see lower lows and we may see them soon. However, time and again I have see these gaps down stop at or around the anticipated low, at least for a quick tradable scalp. Often, but again, by no means always, do they mark the low for the day. Often. NOT ALWAYS. I'm just making a point.

Great work Richard! You put me to shame, you do! :)

Back to silent mode,

Good Luck to all,

d-day, signing out

[jjc]

jjc and david d - not a problem, time permitting i will post anytime i c a pattern developing, i ONLY trade the dow cash but usually the markets move in tandem so the posts will be relevant especially with the S&P.

for those interested in learning about candlesticks i mentioned in a previous post the author Steve Nison....but 4got 2 mention da names of the books; his 1st book is 'japanese candlestick charting techniques' and once youve read/studied that then his 2nd book is equally as good 'beyond candlesticks'

good luck 2day, looks like its gonna start off bearish at least

thanks leeda - darn good bias ur in - congrats !

i do quite a bit of work on point and figure charts and the resistance i had of 12711 for the dow matched ur pattern - i find PnF charts to be very objective as far as s/r goes.

i often tell my good friend DDay to buy support and sell resistance and he took my advise per the NYA the other day and it worked well for him , especially when he confirmed it with MTP

if we take out the 12565's i dont see anything else till the 12000's - u might want to look for ur candlestick patterns in those levels. lets see what we come up with

gl

[d-day]

i often tell my good friend DDay to buy support and sell resistance and he took my advise per the NYA the other day and it worked well for him , especially when he confirmed it with MTP


Yupsir - here is the e-mail jjc fired off to me on 2/25 and I set my esig to alert me to $NYA at 9340 which it did just as we hit our Short Sale Objective per TTT and we had a manual DP Short with the MTP.


-----Original Message-----
From: C [mailto:pointnfigureguywantsnospam@noneofyourbiz.ne t]
Sent: Monday, February 25, 2008 6:39 PM
To: D-Day
Subject: nya


consider some serious shorty when the granddaddy gets to 9358

thats all i gotsa to say bout that

this is the real deal (supply and demand)

[TreeShaker]

I have been an MTP user for almost one year. This is my first post here.
Today is not a kicker day. I do not know much about Taylor. I am a student of candlestick charting. Today was not a kicker day.

You can see a schematic of a Kicker Candstick pattern here

http://www.swing-trade-stocks.com/candlestick-patterns.html

Look at a daily chart of the four indexes and compare. You will see that today was not a kicker day.

Thanks for that excellent link Friar
:)

[TreeShaker]

I took the ES 3 min long at 1042, hope Richard's TT projections come true.:)

[TreeShaker]

:( :( I took the ES 3 min long at 1042, hope Richard's TT projections come true.:)

Out for a sm loss. :(

[jjc]

leeda

i like to go to american bulls and see what they have on the index im trading and then compare to my PnF charts levels and then confirm with mtp

a process i go thru

http://www.americanbulls.com/Default.asp

they gave a sell signal on the dow yesterday

[leeda]

leeda

i like to go to american bulls and see what they have on the index im trading and then compare to my PnF charts levels and then confirm with mtp

a process i go thru

http://www.americanbulls.com/Default.asp

they gave a sell signal on the dow yesterday

thx alot 4 dat, seems very informative and i'll def look in2 it more ova da wkend

dows holdin approx 12,350 area at da mo - i wanna c how dis plays out and closes - IF 350 holds and we start rising 2wards the close id consider a long for 1st thing Monday but would be interested in shorting possibly around 450-500 (i'll have a much better understanding once ive dun my review at the end of the day/wkend)

[jjc]

thx alot 4 dat, seems very informative and i'll def look in2 it more ova da wkend

dows holdin approx 12,350 area at da mo - i wanna c how dis plays out and closes - IF 350 holds and we start rising 2wards the close id consider a long for 1st thing Monday but would be interested in shorting possibly around 450-500 (i'll have a much better understanding once ive dun my review at the end of the day/wkend)


good grief, when i said i didnt see anything til 12000 on the dow i didnt mean today

[Larry22]

So here we are, we have now reached the crucial point.

From a 15 min charts of the ER2 we can see that technically the correction of wave 2 should be over if we count the first 5 waves up before the decline as an impulse, so from here we should be heading north all the way.

Because we can never be sure 100%, I also have an alternate wave count in case this one isn't right, I have labeled a daily charts with the up count in violet and the bear count in red. We allways have to be prepare for the worst case scenario so we don't get bad surprise.

[Larry22]

To make it easier for you I have labelled