3 Day Cycle (a.k.a. Taylor Trading Technique)
The Taylor Trading Technique (3 Day Cycle) was invented by George Douglass Taylor back in late 1940’s.
His Technique is a short term, 3 Day Method to trade the inherently choppy nature of the markets. The easiest way to understand Taylor’s “structure” of the Market’s “3 Day Cycle” is to adopt his view that the markets are being driven and manipulated by “Smart Money”.
His core premise was that the market is manipulated in stages which repeat over and over. These stages were manually recorded using his “Book Method”.
n 1950’s eyeballing the “Book” was enough to predict the amplitude of the moves. However in today’s markets and the use of computers, this had to be improved so the “Electronic Trading Book” was the solution, and the “PTG/TTT e-Book”, which also included new developments, was created by Richard Boisvert; Professional Trader / Money Manager.
With the “PTG/TTT e-Book“ we do not only have a better idea of the daily direction of the markets, but also of the possible levels of support and resistance to be achieved.
The “PTG/TTT e-Book“, today’s electronic version of Taylor’s 1950 “Book Method”, shows that even in Bear markets, the “Smart Money” creates a positive 3 Day Rally in over 90% of the cycles.
PTG/TTT e-Book is a source of compiled data for 24 hour and Day Sessions, emailed to you every day after the market closes that includes:
- Projected High and Low
- Odds of achieving Higher Highs and Lower Lows
- Odds of getting a Decline or a Rally
- Odds of having a Positive 3 Day Rally
- If a Rally is forecast and by how much
- If a Decline is forecast, and by how much
- Average Spread / Range for the day
- Odds of making the High or Low – 1st / Last
- Previous Day High / Low and if made 1st / Last
Click below for complimentary PTG 3 Day Cycle document
Further study can be found at this link: 3 Day Cycle