Tom de mark sequential monitor for nifty50 stocks
- Thread starter vivektrader
- Start date
- Tags nifty50 stocks positional trading swing trading tdst tom demark
Trade management after entry as per Demark's sequential.
Long example
Presumption: We entered long on a bar with close>open (bullish close at EOD) after a completed buy 13 (or more) countdown (after intersection) with all (most) qualifiers met.
Stop loss: is arrived at by adding true range of the lowest bar in the countdown (whether numbered or not), to the low of (this) lowest bar.
Exit: No premature exit.
If trade moves against we exit when SL is hit on closing basis.
If trade moves in our direction:
Interim target : nearest TDST buy line (blue), if that is taken out within 4-5 bars of the upmove (of evolving sell setup), we can shift our target to next higher TDST buy line.
If there is only one TDST line and that is taken out within a few bars (before completion of sell set up), its likely that move will extend much further and may continue to sell countdown.
If move does continue to countdown its believed that 50% of move is complete by the time sell setup is complete (ST sir's input/experience).
Trailing stop loss: Trail is started only after at least 9sell setup bars are completed or interim TDST target is reached whichever is earlier.
Vivek
Long example
Presumption: We entered long on a bar with close>open (bullish close at EOD) after a completed buy 13 (or more) countdown (after intersection) with all (most) qualifiers met.
Stop loss: is arrived at by adding true range of the lowest bar in the countdown (whether numbered or not), to the low of (this) lowest bar.
Exit: No premature exit.
If trade moves against we exit when SL is hit on closing basis.
If trade moves in our direction:
Interim target : nearest TDST buy line (blue), if that is taken out within 4-5 bars of the upmove (of evolving sell setup), we can shift our target to next higher TDST buy line.
If there is only one TDST line and that is taken out within a few bars (before completion of sell set up), its likely that move will extend much further and may continue to sell countdown.
If move does continue to countdown its believed that 50% of move is complete by the time sell setup is complete (ST sir's input/experience).
Trailing stop loss: Trail is started only after at least 9sell setup bars are completed or interim TDST target is reached whichever is earlier.
Vivek
Last edited:
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