Hi Charles, found your site thru brett's post on "Trading Screens and Trading Decisions" article. i see yu graph yesterdays close vs todays close. I have not seen this graphed before and an curious how yu use it? Thx JT
Through Linda Raschke, I learned about the George Douglas Taylor trading technique, which includes an observation that the market goes through a 2 to 5 day cycle of buy, sell and sell short days. The "Yesterday's Close - Today's Close" is one of the ways that I use to see the short-term cycles. In September and October, the cycle was not very reliable since the market was mostly down. But in normal times, the cycle is fairly predictable.
I collect market data on a spreadsheet for further analysis. The time frame for the data is 0930 to 1600 ET, since this is the time frame that I trade. For a look at the spreadsheet, see this link:
Hi Charles, found your site thru brett's post on "Trading Screens and Trading Decisions" article.
ReplyDeletei see yu graph yesterdays close vs todays close. I have not seen this graphed before and an curious how yu use it?
Thx JT
Hi JT,
ReplyDeleteThrough Linda Raschke, I learned about the George Douglas Taylor trading technique, which includes an observation that the market goes through a 2 to 5 day cycle of buy, sell and sell short days. The "Yesterday's Close - Today's Close" is one of the ways that I use to see the short-term cycles. In September and October, the cycle was not very reliable since the market was mostly down. But in normal times, the cycle is fairly predictable.
I collect market data on a spreadsheet for further analysis. The time frame for the data is 0930 to 1600 ET, since this is the time frame that I trade. For a look at the spreadsheet, see this link:
http://esanalysis.blogspot.com/2008/02/statistical-open-range-and-spreadsheet.html
Charles