Tom de mark sequential monitor for nifty50 stocks

#23
Maruti cash chart
Sell setup complete and perfect.
Sell CD 4
There is no intersection on 8th or 9th bar ,so countdown has to wait till we get intersection.

Intersection is important part of sequential.It ensures that the brakes are applied to the price activity and avoids selling in strong running markets.

Smart_trade
 
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vivektrader

In persuit of financial independence.
#24
There is no interaction on 8th or 9th bar ,so countdown has to wait till we get intersection.

Intersection is important part od sequential.It ensures that the brakes are applied to the price activity and avoids setting in strong running markets.

Smart_trade
Thank you sir, Please continue to correct me, as the concept is complex and language is difficult.
 

vivektrader

In persuit of financial independence.
#25
Originally posted by ST sir in Demark thread:
"Intersection ensures that the brakes are applied on market activity and we dont apply sequential in run -a- way phase. Intersection requires that in case of sell set up , the low of the set up bar 8 or 9 be less than or equal to the high 3 or more trading days earlier , upto and including the first day of the set up.

If the intersection takes place on 8th or 9th bar, the count down is started from 9th set up bar meaing 9th set up bar can be first countdown bar if it satisfies the countdown conditions."


thanks
 

vivektrader

In persuit of financial independence.
#26
Remember if the setup completes after hitting Resistance, it is going to go up.
If it had completed below resistance then it would have been alright to short
Thanks
That's what nifty did today, that should be tradable?
 

vivektrader

In persuit of financial independence.
#28
Yes it is tradable as new sell setup can start now and trade can be exited at completion of sell setup with stop loss below resistance closing basis
what should be the entry bar for this trade, if today ends in green, than entry at tomorrow open?
Exit at completion or even interruption?
 

manojborle

Well-Known Member
#29
what should be the entry bar for this trade, if today ends in green, than entry at tomorrow open?
Exit at completion or even interruption?
I think when it closes above resistance thats the trigger for the long trade.
I prefer entering trades on pullback so long could be entered in shorter time frame such as 60 or 30 min.
 

travi

Well-Known Member
#30
I think when it closes above resistance thats the trigger for the long trade.
I prefer entering trades on pullback so long could be entered in shorter time frame such as 60 or 30 min.
Very true. Always combine it around major S/R or pivot, BRN, stock or sector specific announcements etc
 

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