Tom de mark sequential monitor for nifty50 stocks

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
Any intersection qualifiers required for lower TFs?
 

travi

Well-Known Member
The market king has answered your request Vivek bhai and thread followers :clapping:
See the image, this is what TD says:
high of 9 > 6, although high of 9 isn't > 8 but more than 7 (which he also doesn't stress on) but confidence is high as per my 5m TF on BNF and see that reversal.
I'm clubbing it with previous resistance zone.



Appreciation for TD Bhai also :clap:
 

vivektrader

In persuit of financial independence.
The market king has answered your request Vivek bhai and thread followers :clapping:
See the image, this is what TD says:
high of 9 > 6, although high of 9 isn't > 8 but more than 7 (which he also doesn't stress on) but confidence is high as per my 5m TF on BNF and see that reversal.
I'm clubbing it with previous resistance zone.



Appreciation for TD Bhai also :clap:
I suppose here you are trading the following aspect:
After a completed '9' we have a short term reversal/consolidation.
 

travi

Well-Known Member
This is Trading the Nines in respect to the video you posted.
so on 5m TF you'll see what TD explains frequented a lot.

These type of charts are what you asked in the morning right?
Post 554.
 

vivektrader

In persuit of financial independence.
This is Trading the Nines in respect to the video you posted.
so on 5m TF you'll see what TD explains frequented a lot.

These type of charts are what you asked in the morning right?
Post 554.
I think video was for 9vs6 setup, but your trade is power of nine.
 

travi

Well-Known Member
Another one today Po9 on BNF 5m
I used it to lock profits and will look to re-enter.


EDIT: Bars following these are all narrow range (sideways) with Doji's etc, and infact index dipped a bit, so I've really maximized on the move.
Then re-entry should be considered.
 

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