Monday, November 5, 2007
Sunday, November 4, 2007
Initial Sample Post -- 'Taylor' Summary posted by 'fchris'
This is a 'Taylor Summary' with a few simple indicators. Not complete by any means but a few thoughts:
1) Taylor stressed potentially looking for 'fading' a morning test above/below previous days high/low. He called these 'violations' and 'penetrations'. I am using this 'violation' terminology here.
2) I added indicator at bottom to track 'high to low' vs 'low to high' days. Linda/Taylor stress watching the price action around highs and lows and I find tracking this behavior as useful.
3) The bottom indicator is simply a way to think about 'location'. If starting FAR away from 15-min EMA in morning session, then we would first 'expect' price to trade back towards this ema at some point -- with the exception of days in 'breakout mode' -- ie, low ADX, 3-day triangle, NR7/ID etc...
1) Taylor stressed potentially looking for 'fading' a morning test above/below previous days high/low. He called these 'violations' and 'penetrations'. I am using this 'violation' terminology here.
2) I added indicator at bottom to track 'high to low' vs 'low to high' days. Linda/Taylor stress watching the price action around highs and lows and I find tracking this behavior as useful.
3) The bottom indicator is simply a way to think about 'location'. If starting FAR away from 15-min EMA in morning session, then we would first 'expect' price to trade back towards this ema at some point -- with the exception of days in 'breakout mode' -- ie, low ADX, 3-day triangle, NR7/ID etc...
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