Tom de mark sequential monitor for nifty50 stocks

Set up and countdown process gets cancelled only if the market makes a setup in opposite direction.But when buy set up and CD is going on and the market closes above a lower buy tdst,I become careful as it is showing strength though the buy CD is still on but it mat not complete.

Smart_trade

Yes 13 countdown are completed.Use a qualifier that 11th,12th and 13th CD bar should have successively higher closes.With this qualifier,the 13th CD bar gets completed at the highest bar (second last bar).The last bar gave close<open so it is a sell.Stoploss will be at level of bar length of the highest bar added to the high of the highest bar.Stoploss to be seen on closing basis..

Take a trade and keep stoploss and if the stoploss is hit,it means Market will go much higher.If the trade works out,we have a red TDST for profit booking.

Smart_trade

Sir, few more queries regarding trade management in TD sequential positional:
1. Once we enter and say it goes against us on the day of entry, should we exit (as we do normally)? Or
Once the trade gets executed only the SL or Target can get us out?
2. If it moves in our direction do we trail, if yes how?
3. As the trigger candle appeared on Friday (in Ambuja cement), should one enter during the closing minutes of that day (Friday), so as to take benefit of an 'in favour' gap open?

Vivek

Set up and countdown process gets cancelled only if the market makes a setup in opposite direction.But when buy set up and CD is going on and the market closes above a lower buy tdst,I become careful as it is showing strength though the buy CD is still on but it may not complete.

Smart_trade

Sir, as you said that you become careful when price closes above a lower TDST buy,
If the countdown does get completed, shall this be considered inferior with low probability of success and should best be avoided?
Also, in your experience how much is hit rate and R:R of this system in daily time frame?

Vivek

All countdowns don't get completed.Many a Times does not make full countdown and results in buy/sell signal.So we have to use our trading judgement.

Complete countdown when the market is extended has about 70% sucess rate but it will give high RR trade ( typically over3:1 if we have patience to hold the winning position.).

Plese understand that sequential does not catch each and every Market top and bottom but when it does,it catches with accuracy.That is why they say "sequential and combo do not speak too often but when they do,it pays to listen to them".

Smart_trade

Vivek Bhai, Ambuja still going up?