The Taylor Trading Technique was invented by George Douglass Taylor back in late 1940’s and still works today.
His Technique is 3 Day cycle method to trade.
Today was a Buy day. As expected, markets, @ES, had already reached their target for today, yesterday. The markets gapped up and continued their rally.
Monday will be a Sell day. There is room for the rally to continue.
Tuesday night comments for trading Wednesday
“Today was a Buy day. As expected last night, markets did rally at first to close the gap, then the decline started.”
“Tomorrow will be a Sell day. There is room for the late day rally to continue.”
Monday night comments for trading Tuesday
“Today was a SS day. Markets gapped down at the open of the Globex session then they rallied all day and tried to close the gap.”
“Tomorrow will be a Buy day. ES and NQ may try to close that gap before the decline starts.”
Last night's comments were as follows:
"Today was a SS day. Markets opened below their BDL and managed to get back above and produce a positive 3 day cycle.
Tomorrow will be a Buy day. We should be looking for some kind of decline."
So far it retested its Previous BDL
Friday night's comments were as follows:
"Monday will be a SS day. Based on averages, we should be looking for a rally to get back above the BDL, then anything goes."
As we see from the chart below @ES did rally back to its BDL, so did the other indices.
Today was a Buy day. As expected, #SP500,#DOW ,#Nasdaq declined and surpassed their target before rallying.
Tomorrow will be a Sell day. The late day rally should continue, however, they may want to retest today’s low.
As expected from Friday nights comment "Monday will be a SS day. We have good odds of at least rallying above the BDL, however once accomplished, anything goes." TTT ruled and we did get back above.
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