Tom de mark sequential monitor for nifty50 stocks

vivektrader

In persuit of financial independence.
How much past end of day data is must for TD sequential, for e.g. I am having a max data back fill of 90 days, in some charts there is no TDST support, some don't have TDST resistance levels (on daily chart).

Vivek
 
How much past end of day data is must for TD sequential, for e.g. I am having a max data back fill of 90 days, in some charts there is no TDST support, some don't have TDST resistance levels (on daily chart).

Vivek
Normally sequential set up and countdown gets completed in 40-45 trading days so 3 months data is sufficient.

In case of multiple set ups and recycling we need to see data for more days but that is rare.

Smart_trade
 

vivektrader

In persuit of financial independence.
Normally sequential set up and countdown gets completed in 40-45 trading days so 3 months data is sufficient.

In case of multiple set ups and recycling we need to see data for more days but that is rare.

Smart_trade
But sir, in some of the charts I had posted earlier one of the two TDST lines are not visible, what to do about that, do I need to go further back or its fine?

Vivek
 
But sir, in some of the charts I had posted earlier one of the two TDST lines are not visible, what to do about that, do I need to go further back or its fine?

Vivek
No TDST on the other side means markets are trending in one direction or going sideways but not trending in the opposite direction.Daily sequential use for reversals .

If there is no TDST nearby,you have to go back more days.

Smart_trade
 

vivektrader

In persuit of financial independence.
Do we trade completed, perfected buy/sell setups also
or
we only trade reversals after completion of 13 countdowns?

Vivek
 
Do we trade completed, perfected buy/sell setups also
or
we only trade reversals after completion of 13 countdowns?

Vivek
When you have a sell set up,we know that the market is set up to go higher.So we trade from long side,but the TDST level formed by this buy setup on daily charts is not very useful as a support level because it may be 250-300 points away from the current price so not useful for trading.So after completing the sell set up in current nifty ,we know that he market is likely to go up but it will not indicate if today will be a down day or up day and hence not useful for short term intraday trading.

It is my observation that set up 9 gets completed at half mast and final countdown will get completed after market goes up by equal distance.It is just my observation,no such rule.

So real use of sequential is for identifying and trading reversals.

Smart_trade
 
Last edited:

vivektrader

In persuit of financial independence.
When you have a sell set up,we know that the market is set up to go higher.So we trade from long side,but the TDST level formed by this buy setup on daily charts is not very useful as a support level because it may be 250-300 points away from the current price so not useful for trading.So after completing the sell set up in current nifty ,we know that he market is likely to go up but it will not indicate if today will be a down day or up day and hence not useful for short term intraday trading.

It is my observation that set up 9 gets completed at half mast and final countdown will get completed after market goes up by equal distance.It is just my observation,no such rule.

So real use of sequential is for identifying and trading reversals.

Smart_trade
Can we use the bias generated by setup, in combination with pivot system for intra day trading.

Vivek
 

travi

Well-Known Member
Can we use the bias generated by setup, in combination with pivot system for intra day trading.
Vivek
You can deduce directional bias from TDST but you don't need that. A glance at any chart will give you bias.
Bias can therefore help you for swing/positional but not quite useful for intra.
 

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