Taylor Trading Technique (TTT) | Trading Reviews and Vendors

futures.io - futures trading strategies, market news, trading charts and platforms

Trading Reviews and Vendors

Discuss and review vendors of commercial trading products, trading rooms and services, trading indicators or third-party paid add-ons


Taylor Trading Technique (TTT)

  #16 (permalink)

Trading Experience: Intermediate
Platform: NT,TS,Esignal
Broker/Data: Kinetick and AMP futures
Favorite Futures: US Index Futures
richbois's Avatar
Posts: 35 since Sep 2009
Thanks: 2 given, 25 received

Today's report

Today is a Sell day. On Sell days we should expect a rally from the Buy day low.
Yesterday the decline was small, pointing to a bullish market.

Today ES gapped up at the open and never filled the gap therefore putting TVGR in effect.

TVGR has nothing to do with Taylor and TTT but I found that this rule is very strong.

As we can see on the chart TTT MA D (average rally MA recap) at 1054.90 did offer some resistance and also the 1062 area and that was TTT MA p (average penetration MA recap). The Black lines above if reached, should most likely cap today's rally.

Here is an explanation of TVGR written by Trader Vic

The Trader Vic Gap Rule (TVGR) "If there is a gap, and it is going to reverse, it will do so 10-15 minutes after the opening 95% of the time. Please believe me on the odds, they are real. If the market continues in the direction of the gap after 10 to 15 minutes, it is a strong sign that the move will continue for the rest of the day, closing in that direction as well. Even if the market reverses after the 10-15 minute period, if it fails to fill the gap, odds are that the market will close in the direction of the gap." This Rule is cited from Victor Sperandeo’s book: Trader Vic II: Principles of Professional Speculation, pg. 231

Attached Thumbnails
Taylor Trading Technique (TTT)-screenhunter_19-sep.-16-10.26.jpg  
Reply With Quote
The following 3 users say Thank You to richbois for this post: