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If you need help with ToS I would recommend thinkscripter.com. I'm not a programmer but I'm pretty sure there isn't a way to manipulate charting in ToS. Indicators can be constructed but bar construction happens outside of thinkscript.

Off topic - sorry - but I'm trying to move over to Sierra Chart. The learning curve isn't bad but do you know of a good tutorial for charting basics? Their built in support files don't line up with Windows 8.

First DBP - your comments are always welcome here. I've read enough of your writing to know you are about cutting through the BS. I also know enough about where I am as a trader to listen. As for your points - I think you've quickly hit the nail on the head (...but I'm so unique...) I've...

This is not a pure Taylor trade but something I have been studying. Basically if price opens with enough room below the area for the Taylor short then a shorter-term long can be established. Taylor wouldn't make this trade but he also would hold positions overnight. It tested well when there...

Good suggestion as usual... Tomorrow is a Sell Short Day in the NQ. On an ideal SSD we look for price to penetrate the previous day's high before reversing. Taylor also allows for selling a "high made first" on a SSD as long it is made earlier in the day. I will be looking for price...

I butted my head against the wall for a long time with this stuff but when it clicks it's pretty awesome. The simple answer is if today is a buy day tomorrow is a sell day regardless of today's price action. The cycle never changes. To go with your example - lets say today is a limit down...

From March 11th... Taylor's theory is there is a three day cycle to the market (due to manipulation). He is mainly interested in making purchases around previous day's highs or lows and then holding for the bigger move. Today in the NQ for example was a sell short day. Price made two attempts...

Taylor and Wyckoff would have respected each other. Both of them were tape readers and both understood the market. I'm confident they can be married in a number of ways.

Also March 7th... Taylor's first step is to show how to make a book. The first step of making a book is determining when your buy day cycle starts. From there you work forward. BD -> SD -> SSD -> BD -> SD... According to Taylor the day type should never change. I have looked at 3 years...

First part of a PM exchange I've been having with slugar (March 7th) This is in essence what I have been trying to do. The difficulty with the marriage of the two is time frame mostly. Taylor was looking to make either 0, 1 or 2 trades a day. As he put it he was attempting to trade the major...

We are at 50% pullback of the move down from Thursday's high.

Yes - its basically a reversal setup off of a previous day's high or low. Usually there is a test of the low after the automatic rally after a selling climax but sometimes there is a "V" bottom low instead. I have no plan to take these but I wonder how fast the higher low forms before it takes...

Thanks for the detailed response. When I mentioned "bar close through time" I just meant the close of a 1 minute bar is ticking up and down. I know the close is an arbitrary cross-section of the continuous movement of price based on time interval. I've been trying to define "pullback" in my...

If I understand you are taking a visual pullback by observing the bar-close through time rather than a printed pullback and this is because in faster markets pullbacks are inherently less well-defined but still present. Is the opposite of this also true - that we should expect a well-defined...

Agreed. I'm not a VSA guy and don't how they use the SM term but I clearly should use big instead. Thanks as always.

I'm trying to get my head right and understand what the danger of the concept of "smart money" is? Wyckoff spoke of the "composite operator" which to my mind seems like the same concept. Am I missing something?

An Overview of Taylor's Rules On an ideal buy day (BD) we see price sell off below the previous day's low and then recover. We make our buy at or around the previous day's low. On an ideal sell day (SD) we see price rally above the buy day high and close lower. Sell days are often...

I'm still learning Wyckoff but there is a ton of free material out there. You should look at DBPhoenix post here and on traders lab. I also like David Weis as a Wyckoff source. I'd start with the original course...

Redneck is right of course. If you look at a little longer time frame it becomes clear (see attached chart). Buyers spent all of yesterday hammering on the 3723 level trying but were unable to break through. Price opened this morning and made two more attempts to move higher. The smart...

It all can be done pretty easily in excel with basic formulas. You can also look at pivot tables basic data manipulation.