Tom de mark sequential monitor for nifty50 stocks

V

vas2009

Learner
#171
#171
Smart_trade said:
Use TDSequential as a meter on the market price activity.If the sell set up is complete and we are trading above a opposite side buy TDST then there is a strong possibility of market going up so we can use any smaller timeframe method like pivot methods to trade the market from the long side..we don't short as the set up is bullish and long trades have more probability of success.
Power of 9 can also be used for trading......

Smart_trade
Click to expand...
ST sir,Thanks for the above info.I was doing a manual TD combo countdown on Nifty daily after the sell setup completion.Was yesterday bar 9 of the combo(Today bar 10 cannot be attained as high will be lower).Also Nifty daily TDST resistance stands at 8460 the high of the Nov buy setup.Is my understanding correct or more practice/ learning is required.Sorry I am very bad at posting charts.
 
vivektrader

vivektrader

In persuit of financial independence.
#173
#173
aja said:
nice thread vivekbhai,but lot of theory here.
unable to figure out how to use this theory on 1 min chart.
can it be used as a Scalping tool?
Click to expand...
The sequential system can only be used on daily timeframe.
However TDST lines can be used on smaller time frames including 1min. Do some back testing though.
One way they can be used is, when price is above both TDST support and resistance, one can buy over a pivot above TDST blue line (uptrend example)
Mirror for downtrend.

Vivek
 
Smart_trade

Smart_trade

Moderator
#174
#174
vas2009 said:
ST sir,Thanks for the above info.I was doing a manual TD combo countdown on Nifty daily after the sell setup completion.Was yesterday bar 9 of the combo(Today bar 10 cannot be attained as high will be lower).Also Nifty daily TDST resistance stands at 8460 the high of the Nov buy setup.Is my understanding correct or more practice/ learning is required.Sorry I am very bad at posting charts.
Click to expand...
If I take nifty daily index chart I get 6 sell combo countdown bars.

Smart_trade
 
V

vas2009

Learner
#175
#175
Smart_trade said:
If I take nifty daily index chart I get 6 sell combo countdown bars.

Smart_trade
Click to expand...
Thanks sir for clarifying.Counted again and got six.Missed out the basic premise that close > high of 2 bars back as well as the close of the last countdown bar and the last price bar.
One more doubt,is the TDST of the last buy setup in Nov still valid.Thanks
Thanks also to Vivek for staring this thread.
 
Smart_trade

Smart_trade

Moderator
#176
#176
vas2009 said:
Thanks sir for clarifying.Counted again and got six.Missed out the basic premise that close > high of 2 bars back as well as the close of the last countdown bar and the last price bar.
One more doubt,is the TDST of the last buy setup in Nov still valid.Thanks
Thanks also to Vivek for staring this thread.
Click to expand...
Yes,Nov TDST is there but the latest TDST assumes more importance as the recent market action is more important.So the Dec buy TDST which was at 8231 in nifty index we have clearly broken and completed the sell set up....so the market is showing that it wants to go higher.

Smart_trade
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
A Tom De Mark Sequential monitor for NON-NIFTY 50 stocks Advanced Trading Strategies 127
vivektrader Tom Demark Sequential Trading Diary Trading Diary 35
D Automatically pull technical indicator values from Amibroker to Excel in Live markets AmiBroker 3
M Tom Demark Trading strategy Technical Analysis 1
M Tom Demark's Sequential Technical Analysis 32

Similar threads