Tom de mark sequential monitor for nifty50 stocks

lemondew

Well-Known Member
Vivek,

So this is a perfect set up with intersection. now you guys waiting for countdown? when would it be entry point . What will be a good SL and will u guys make multiple reentries in case of SL.

For me I cdnt wait I ve already entered short at 8410 as said before.

Ps: All for study and understanding of this method only. No real trade or advice involved.
 
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travi

Well-Known Member
Vivek,
So this is a perfect set up with intersection. now you guys waiting for countdown? when would it be entry point . What will be a good SL and will u guys make multiple reentries in case of SL.
For me I cdnt wait I ve already entered short at 8410 as said before.
Ps: All for study and understanding of this method only. No real trade or advice involved.
Hehe, hope you read my above posts.
As per original logic, BAR#13 is CD5 :thumb:
 

travi

Well-Known Member
How come Pearl's book has received many negative reviews especially like not being clear?
see this
Perl's definition of "TD Sell Setup": (page 4) ... nine consecutive closes, each one greater than the corresponding close four bars earlier. (page 5) After a TD Sell Setup successfully reaches nine, the first phase of "TD Sequential" is complete, and a TD Sell Countdown can begin.

Fine. Now let's go to page 23. The author writes: there is a misconception that the TD setup process stops once the count reaches 9. In actual fact, the TD Buy Setup can continue indefinitely, as long as the series of closes, each one of which is less than the close four price bars earlier, persists.

Now you can sense the frustration: is the Countdown deferred until the Setup phase, which can extend beyond 9 bars, is interrupted by a Price Flip or not? Does the Countdown phase begin after bat #9, regardless of whether the Setup phase extends beyond 9?

Those are some of the questions that the author fails to clarify. In "New Market Timing Techniques", DeMark himself makes it clear that the Setup phase can extend beyond 9 bars.

Here are some other questions left unanswered:

The author fails to illustrate what TRUE HIGH, TRUE LOW, HIGHEST TRUE HIGH, LOWEST TRUE LOW, TRUE RANGE and CLOSING RANGE are. All of these could have been clarified using a couple of charts instead of leaving the reader wondering
 

vivektrader

In persuit of financial independence.
How come Pearl's book has received many negative reviews especially like not being clear?
see this
I know some of the definitions of the 'unanswered questions' in the post.
Perl's book is the 'easiest' thing to deal with otherwise you will have to deal with De mark's language ;). I have always read good things about the book.

Vivek
 

vivektrader

In persuit of financial independence.
True Range is the maximum of three price ranges.

True Range = MAX of ( H – L ; H – C.1 ; C.1 – L )H = high of current barL = low of current barC.1 = close of previous bar
True low/True high*– is the lowest and the highest point for a setup, BUT including gaps before bar 1 and the days after the 9-th bar, qualifying for a setup bar.*



Vivek
 
How come Pearl's book has received many negative reviews especially like not being clear?
see this
The sequential process has thre steps and they are set up,intersection and count down.Thaking example of sell set up,it requires minimum 9 bars where close is greater than close 4 bars ago.This 9 bars is absolute must.But after 9 bars,if there is intersection at 8th or 9th bar,the count down can start from bar 9 if it satisfies countdown condition that close is greater than high 2 bars ago.Note the following :

1) 9 set up bars have to be consecutive.The count down bars need not be consecutive and in most cases they will not be consecutive.

2) DeMark has said that for stocks the intersection is a must but for indices he is not very rigid ( initially he was rigid for indices also.I observe both,with and without intersection.

3) Once the 9 min setup bars are done,the set up does not end there...it continues till we get a flip bar and the length of the set up is from low to high of the bar sequence which followed the relationship.

4) The count down does not wait till the set up is perfected...it starts from 9th set up bar if CD conditions are met.

5) The imperfect set up does not make the set up inferior for the sequential process...it is equally potent as a perfected set up...then why we see perfection? It is generally perfected in next 4 bars. But in some setups particularly on lower timeframe the set up is not perfected at all and the CD 13 is achieved.

6) It is not uncommon to get 2 or 3 valid set ups before CD 13 is obtained....it is where the length of the set up comes in play.

7) There is a sister system called TDCombo.In steep markets combo works better...many times sequential and combo both give buy/sell on same bar or with 1-2 bars difference.....Combo countdown is done differently...and the conditions are more rigid....first master sequential and then go to Combo.

Smart_trade
 

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