Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
In this webinar Linda Bradford Raschke on Day Type, Taylor Trading, Trade Location, More - YouTubeLinda Raschke says you have to "read between the lines," if you attempt to read the Taylor book. I've posted a few quotes from the book on the charts just as a guide to what Taylor was looking for on each of the 3 days of the "3 Day Cycle." Today was the Sell Short Day and one of Taylor's directives was, "Should the 'sell off' be severe and with activity ,,,,,we cover our short sale on dullness ,,,,." I think what Linda was suggesting when she said, "read between the lines," was in reference to wording like, severe and dullness. There is no way I could decipher and post My opinion of all the Taylor "terminology" on this thread. I've studied this book off and on for many years and I'm still learning it!
So, Taylor gave us directions to take profits and stand aside when the sell off appeared to be "severe and with activity." He also gave directions on what to do if the reaction after penetration of the Selling Day High was, ",,,,in 'no hurry and just trades down." If the market, is ",,,,in 'no hurry and just trades down," Taylor says, ",,,,we stay short anticipating our covering point, next day, on the Buying Day." I believe what Taylor is describing when he says, ",,,,in 'no hurry and just trades down," is what most of us call a slow grinding (dartboard, yo-yo) trend. After the "severe and with activity," move this morning price "snapped back" and IMO got "in 'no hurry" and just traded down.
This book is tough, it's kind-of like stepping "back in time." I find, as Linda said in the webinar the method still works with "24 hour" markets. I don't believe it can be used "tic for tac" as originally written, but I'll suggest as Linda did, read between the lines, that is if you can get your hands on a copy.
Opinions are like assholes, we all have one and they usually stink! I believe this statement holds true especially amongst market participants. There is/was only one George Douglas Taylor (trader) and he wrote the book, The Taylor Trading Technique. There have been many aspects of the work Taylor published entwined within countless trading systems and methods expressed and marketed in the last fifty plus years. If anyone really wants to study the Taylor Book Method I strongly suggest getting the book. The original work of Taylor has been sliced and diced by some pretty "honorable" and "well-known" traders, but the fact is their work, often completely omits many of the finer details of the method, the "what-if's" if you will. Taylor's work (if studied) will change the way traders view the market, and with a thorough understanding of the "what-if's" I believe it will change the way they trade. This book might not be worth the $1000.00 and up price tag posted on some of the on-line book stores but then again, that could be one trade. There is a reason to the mysterious unavailability of this book but I don't think it is gone "from the shelf forever." I believe the final resting place of the original work (now) is on a server at TraderPlanet. If I was in the market to locate and purchase this book I would start there, maybe a simple e-mail would answer all the riddles. Good Luck
The trail begins with this Asshole, of all people.
Chapter 1 is missing pgs 10-11
Several of the chapters will end for example on pg13 and the next chapter starts on pg15
Chapter XIII is actually pgs 65-67
Chapter XIV, not listed in the table of contents is pgs 69-72 (listed as chapter XIII)
And pgs 103-127 are not there
I'm using this as start, Amazon has the book new (so they say) for 449.00
Also and probably more importantly is, what are relatively (relative is probably the best word since futs are so damn fluid) good signs of accumulation vs distribution either on M1 and/ or M5?
This morning's range between 0430am est and 0520am was in a ~10 tick/p range
This is a post I was working on Yesterday and was called away before I finished.
I took these snips at different times during the U.S. session, these are Daily Bars. Those that care to follow …
"Today's" 2 X Sell Number aligns with one of these levels I also take notice.
Buying a High is not for the faint of heart, but it can be profitable if a trader has a well defined target and most importantly strict risk management. This target (2 X Sell Number, 1.3156)
