In last night’s Swing Trader’s Insight I labeled the EMini S&P futures as a Taylor Trading Technique Sell short day. As long time readers know, I suggest we trade the stock index futures during the stock market hours (beginning at 8:30 AM CT) and that we can use overnight highs and lows in lieu of the previous day high and low that the TTT normally uses for the reference price.
Taylor Trading Technique
Using the Taylor Trading Technique in Trending Markets- EMini S&Ps
The recent down trend in stock index futures made Taylor Trading Technique signals less obvious. Sticking to a more mechanical cycle count can facilitate trading in these markets.
Today’s Taylor Trading Technique Setup in the eMini NASDAQ Futures
Monday’s stock market selloff gave a Taylor Trading Technique Buy day setup for the eMini NASDAQ futures. Today’s action was a textbook TTT Buy day rally.
How I Use Overnight Action to Swing Trade the eMini Futures
Overnight trading can give you additional patterns for trade setups during the regular trading day, especially for markets like the stock index futures.
A Trade Setup for Taylor Trading Technique Sell Days
Of the three days in the Taylor Trading Technique cycle, I often don’t look to trade markets that are on the Sell day, as Sell days don’t have the clear directional bias of a Buy or a Sell Short day. However, there are some setups that can yield good trades on Sell days.
Using Dojis for Short Term Trading
Doji bars are one of the single most useful single bar patterns that any trader can identify. They can be used for entries, exits, or to determine position bias. “Doji” is a term used by Japanese candlestick chartists that refer to a bar where the open and close of a bar are in close approximation to each other.
The Taylor Trading Technique
In my opinion, George Douglas Taylor was one of the greatest trading thinkers, and luckily he left behind one book on trading: The Taylor Trading Technique. This book lays out his “Taylor Book Method” for swing trading in futures.