The Taylor Trading Technique by George D. Taylor

The Taylor Trading Technique — a really old book about trading. It was written in 1950 and presents its technique examples mostly on the grain trading, which was quite popular those days among small traders (mini traders now). Although it might seem very outdated — both in terms of the strategies and methods and in terms of language it is written in, this book can be an interesting read for those who are interested in history of trading and how some types of modern trading techniques evolved from archaic forms described in Taylor’s book. George Douglas Taylor was a professional trader and also an apologetic supporter of the trading theory, which according to him was as important as the practical skills. This book describes the 3-day method (it’s mentioned as the Book Method). This method presumes that the financial markets move in three-day cycles (similar to the modern Elliot Waves). Those cycles are recognized by the patterns of up- and down-trends. Some of the modern traders still use the techniques described in The Taylor Trading Technique.

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Below you can read the reviews of the book and also submit your own review about The Taylor Trading Technique by George D. Taylor.

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2 Reviews

  1. Myron:

    Most reviewers don’t seem to appreciate this book for what is. I found it to be shockingly true. It teaches you about the Taylor Method which tells you the importance of focusing on the present trend. Though the book has been written shabbily it gives you some golden advice. The only thing I would want to omit from it is the importance it gives to the previous day’s range with respect to watching pivot points.

  2. HMS:

    This isn’t a book that everybody can understand. However, for an experienced trader who still finds himself in a struggling position and failing to come up with a proper technique, understanding this book will be easier. Again, it is not easy but if you put in the effort, it does reward you.
    The publisher’s advise the reader to go through Raschke’s and Angell’s section before beginning the book. I regret doing this as this was very discouraging and will hamper your proper interpretation of the book. I advise you to not heed to this piece of advice by the publishers.