Tom de mark sequential monitor for nifty50 stocks
- Thread starter vivektrader
- Start date
- Tags nifty50 stocks positional trading swing trading tdst tom demark
TD referred to this quicker trading technique as Trading the Nines
The purpose of this counting is supposed to catch Reversals and is ideal for short swing traders on daily TF.
On lower TF, there wasn't explicit indication but 5m has been pretty effective. Although I've revised the conditions to be a bit more stricter.
Conditions:
1. The TD SETUP rules apply in the same way for TD Buy and TD sell.
Nince consecutive closes are either lower/higher than four bars earlier.
2. In TD's own words, 1. Low of Day 9 should be lower than Day 8 & Day 7 but most importantly Day 6.
If day 6 condition isn't met then from alot of his exp, next bars will continue lower. (Market cleans everybody out)
(Vice-vera in TD SELL Setup)
Reversals:
If Condition 2 is satisfied, then bar 10 onwards will be trending reversing bars.
Generally, bar 10 will be a violent Wide Range in opp. direction, or within the next three bars.
If condition 2 fails, bar 10 or the next three bars continue in the same trend and the reversal has failed.
My adaptation:
The Power of Nine is another way to refer to it, I like this one better
I make the signal even more stronger by having consecutive LH-LL and HL-HH.
This ensures consistency on lower TF like 5m or 3m. I've seen a few times on 15m BNF but that occurrence is rare.
The purpose of this counting is supposed to catch Reversals and is ideal for short swing traders on daily TF.
On lower TF, there wasn't explicit indication but 5m has been pretty effective. Although I've revised the conditions to be a bit more stricter.
Conditions:
1. The TD SETUP rules apply in the same way for TD Buy and TD sell.
Nince consecutive closes are either lower/higher than four bars earlier.
2. In TD's own words, 1. Low of Day 9 should be lower than Day 8 & Day 7 but most importantly Day 6.
If day 6 condition isn't met then from alot of his exp, next bars will continue lower. (Market cleans everybody out)
(Vice-vera in TD SELL Setup)
Reversals:
If Condition 2 is satisfied, then bar 10 onwards will be trending reversing bars.
Generally, bar 10 will be a violent Wide Range in opp. direction, or within the next three bars.
If condition 2 fails, bar 10 or the next three bars continue in the same trend and the reversal has failed.
My adaptation:
The Power of Nine is another way to refer to it, I like this one better
I make the signal even more stronger by having consecutive LH-LL and HL-HH.
This ensures consistency on lower TF like 5m or 3m. I've seen a few times on 15m BNF but that occurrence is rare.
TD referred to this quicker trading technique as Trading the Nines
The purpose of this counting is supposed to catch Reversals and is ideal for short swing traders on daily TF.
On lower TF, there wasn't explicit indication but 5m has been pretty effective. Although I've revised the conditions to be a bit more stricter.
Conditions:
1. The TD SETUP rules apply in the same way for TD Buy and TD sell.
Nince consecutive closes are either lower/higher than four bars earlier.
2. In TD's own words, 1. Low of Day 9 should be lower than Day 8 & Day 7 but most importantly Day 6.
If day 6 condition isn't met then from alot of his exp, next bars will continue lower. (Market cleans everybody out)
(Vice-vera in TD SELL Setup)
Reversals:
If Condition 2 is satisfied, then bar 10 onwards will be trending reversing bars.
Generally, bar 10 will be a violent Wide Range in opp. direction, or within the next three bars.
If condition 2 fails, bar 10 or the next three bars continue in the same trend and the reversal has failed.
My adaptation:
The Power of Nine is another way to refer to it, I like this one better
I make the signal even more stronger by having consecutive LH-LL and HL-HH.
This ensures consistency on lower TF like 5m or 3m. I've seen a few times on 15m BNF but that occurrence is rare.
The purpose of this counting is supposed to catch Reversals and is ideal for short swing traders on daily TF.
On lower TF, there wasn't explicit indication but 5m has been pretty effective. Although I've revised the conditions to be a bit more stricter.
Conditions:
1. The TD SETUP rules apply in the same way for TD Buy and TD sell.
Nince consecutive closes are either lower/higher than four bars earlier.
2. In TD's own words, 1. Low of Day 9 should be lower than Day 8 & Day 7 but most importantly Day 6.
If day 6 condition isn't met then from alot of his exp, next bars will continue lower. (Market cleans everybody out)
(Vice-vera in TD SELL Setup)
Reversals:
If Condition 2 is satisfied, then bar 10 onwards will be trending reversing bars.
Generally, bar 10 will be a violent Wide Range in opp. direction, or within the next three bars.
If condition 2 fails, bar 10 or the next three bars continue in the same trend and the reversal has failed.
My adaptation:
The Power of Nine is another way to refer to it, I like this one better
I make the signal even more stronger by having consecutive LH-LL and HL-HH.
This ensures consistency on lower TF like 5m or 3m. I've seen a few times on 15m BNF but that occurrence is rare.
Is the following correct..
1. For lower timeframes Power of Nine(Trading the Nines) is effective
2. 5min Tf is good
3. TD Sequential rules apply
4. In addition to regular comparison of close of current bar to close of 4 bars ago, Low/High of Bar#9 has to be lower/higher than that of three bars #6,#7,#8.
5. Reversal may occur in bar #10,#11,#12
6. In case reversal doesn't occur in three bars after #9, setup is termed failed.
Thanks
1. For lower timeframes Power of Nine(Trading the Nines) is effective
2. 5min Tf is good
3. TD Sequential rules apply
4. In addition to regular comparison of close of current bar to close of 4 bars ago, Low/High of Bar#9 has to be lower/higher than that of three bars #6,#7,#8.
5. Reversal may occur in bar #10,#11,#12
6. In case reversal doesn't occur in three bars after #9, setup is termed failed.
Thanks
3. Not TD Sequential rules, only the TD Setup of counting the first 9 bars.
6. This is a very high probability trading system, so SL is very small, probably some arbitrary value from low of 9.
Setup is not termed as failed, but the sharp reversal that we are looking for has not occurred.
Remember, this is a quick in-out trade.
6. This is a very high probability trading system, so SL is very small, probably some arbitrary value from low of 9.
Setup is not termed as failed, but the sharp reversal that we are looking for has not occurred.
Remember, this is a quick in-out trade.
Is the following now right...
1. For lower timeframes Power of Nine(Trading the Nines) is effective
2. 5min Tf is good
3. TD SetUp rules apply
4. In addition to regular comparison of close of current bar to close of 4 bars ago, Low/High of Bar#9 has to be lower/higher than that of three bars #6,#7,#8.
5. Reversal may occur in bar #10,#11,#12
6. In case reversal doesn't occur within three bars after #9, the PowerOfNines has failed and normal TD EetUp continues as per rules.
It may be considered a variation of TD-SetUp ?
Can one in (4),(5) above, replace bar numbers with 'previous three bars' & 'next three bars' respectively, in case TD-SetUp continues beyond #9 ?
Thanks
1. For lower timeframes Power of Nine(Trading the Nines) is effective
2. 5min Tf is good
3. TD SetUp rules apply
4. In addition to regular comparison of close of current bar to close of 4 bars ago, Low/High of Bar#9 has to be lower/higher than that of three bars #6,#7,#8.
5. Reversal may occur in bar #10,#11,#12
6. In case reversal doesn't occur within three bars after #9, the PowerOfNines has failed and normal TD EetUp continues as per rules.
It may be considered a variation of TD-SetUp ?
Can one in (4),(5) above, replace bar numbers with 'previous three bars' & 'next three bars' respectively, in case TD-SetUp continues beyond #9 ?
Thanks
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