Trade Targets from Taylor’s Book Method

Experienced Traders Still Rely on Taylor

Did you know that Taylor’s Book Method was developed 70 years ago by a grain trader? So it cannot possibly be relevant to trading emini futures today, 70 years later, right? 

Taylor’s Book Method is still one of the best methods to use for trading almost any market, including the eminis. I calculate the numbers, then superimpose them as a guide to the actual prices being printed on my daily chart. Using Taylor, and the assumption that the market puts in the days high or low in the first hour, I can trade with more confidence. I send my students Taylor’s Book Method each evening for the following day. The calculations are not so simple, but students enrolled in my course learn how to calculate the numbers and use and apply them for more consistent trading results.

Anyone who wants to learn how to trade needs to know how to determine where to enter and exit the market on the following day. Taylor’s Book Method gives us the likely trading zone for the following day. But unlike the raw numbers, a wise trader needs to know how to interpret the results. Still, knowing how to calculate trading zones and knowing how to use them make knowledgeable traders much more successful than others who use the “seat of the pants” method. 

By knowing how to use Taylor’s Book Method, a trader will also know the range that prices are likely to trade. It is very important to point out that certain conditions can cause prices to trade outside the calculated zone, such as important market-moving announcements. Over a period of years,, the calculated range has proven more accurate than the actual trading zone. After calculating the day’s trading zone, it may be necessary to shift the zone up or down, depending on prices during the first half-hour of trading.

Knowing the day’s trading zone before the market opens gives traders a big advantage over “seat of the pants” traders. People who enroll in my trading course receive the calculated support and resistance numbers for the following day by email. You can receive this information each evening by enrolling in my trading course using this link. As a bonus, you’ll receive a 10% discount when you enroll. 

If you’re not ready to enroll, but want to join my mailing list and receive information about my trading course, subscribe using this form.