Taylor’s Short Sell Day
George Taylor’s Short Sell Day
George Taylor’s Trading Technique teaches that markets are engineered up and down in 3 stages. Generally speaking, the stages consist of a buy day, a sell day, and a sell short day. His book, describing how this can be seen, is available on Amazon and I recommend every day trader buys a copy.
Warning: Taylor was a lousy writer and his book is replete with punctuation errors that make it difficult to read. But back to the
three stages and particularly the sell short day, one of which occurred yesterday, August 8th. This video describes the action.
One of the trading tools I also speak of often is the gap trade. This is a trade that every trader needs in their toolbox. Not only does Taylor talk about a sell short day, but on such days, prices usually open gap up, and close the gap – providing dramatic profits for traders who know to look for this setup.
Anyone who wants to learn how to day trade S&P emini futures needs to have as much information as possible in order to help determine where to place a trade. Trading is not easy to do because it is impossible to know the future with any degree of certainty. But the market does give off signals and a wise trader needs to know how to interpret the signals. Market prices seem to move erratically, but with enough information, trading S&P emini futures can be done with a greater assurance of success. An S&P emini futures trader who has Information about market signals and knows how to use them makes knowledgeable traders much more successful than others who use “seat of the pants” method.
Some of the information that S&P emini futures traders should have are:
- The Trend
- The Intraday and / or Low
- The Calculated Trading Zone via Taylor’s Book Method
- The daily calculated range
- Support and resistance levels
- Stochastics
- Candlestick patterns
These are some of the bits and pieces of information every trader needs to have in order to assess a trade. Of course, that is not to say that even with all this information a trade will work out, but having this knowledge puts the odds of success more on the trader’s side.
Having as much information as possible gives S&P emini day traders a big advantage over “seat of the pants” traders. It cannot be stressed enough that without learning as much as possible about the market, it is highly unlikely that a trader will succeed at making money by day trading S&P emini futures, much less in a trading career.
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