The Taylor Trading Technique. With Linda Raschke’s Variations on the theme. Six Ways to Use Taylor’s Method. Follow the system literally in exact detail (and make a viable living). Follow the basic methodology with discretion. Trade selective “plays” only.
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The Taylor Trading Technique
With Linda Raschke’s Variations on the theme
This is the "ideal" cycle. In a trending market there is sometimes an extra day or two inserted on the long or the short side.
Three bar Triangle breakout pattern: Price has a lower high then the 2 day high and a higher low then the two day low with a narrowing of the ranges.
Pinball: A 3-period RSI of the 1-day ROC has a reading of above 67 or below 33.
Look for buys when price is above the 20-period EMA and for sells when price is below the 20-period EMA.
Pinball2: Price has pulled completely away from a 5-period simple moving average indicating momentum. The first close in the opposite direction on the other side of a 4 SMA sets up a pinball sell.
5 SMA: Price closes above a 5 SMA for 7+ bars.
The first close on the opposite side sets up a Buying opportunity.