Tom de mark sequential monitor for nifty50 stocks

THE LONELY POSITION

I had read that its difficult to wait for a signal in sequential to enter a position, as an evolving setup/countdown recycles so often.
Guess what, its even more difficult to hold on to it after you enter one. One day it moves in your favour, next day or two it may move against you to such an extent that in addition to evaporating all your paper profits, price may close just beneath your EOD (closing basis) stop loss. Next day it may open over and above your stop loss but some how by the end of day close well below it.
This rollercoaster ride continues for many days till you get a huge directional move (favourable or against), after that it moves relatively fast to reach its final destination.
May be as the system itself calls tops and bottoms, it takes time for distribution and accumulation (respectively) to play out. Moreover a top (or bottom), will essentially lead to a trend reversal (gradually), you will find yourself at odds with trend followers (especially in forums). So don't be annoyed when your position seems to be against the majority (of trend followers), if you were right in the first place (70% is great actually), they will eventually fall in line with your direction of trade and join you.
Till that time its a lonely position right at the 'Top' or the 'Bottom'.


Vivek

vivek Sir/Others,

I have downloaded a free version of AMi broker (AmiBroker 6.00 Official Release). How to provide EOD data feed to the software. I'm not looking for live feed/updates.

If there is a thread discussing this, pls guide me there.

Thanks

DeMark Sequential and Combo which gave sell signal on Nifty will be stopped out on Tuesday when market opens for trading.Whenever these signals fail, in the words of DeMark himself, they really fail very bad.It means that there is a huge shift in demand and supply equation in the market and the market will go up much higher.Though it requires nerve of steel,if someone reverses the position, he will make money as the market now is headed much higher......I don't recommend reversing but buying in any dip is the right way to trade the market now.

Smart_trade

I fully appreciate what you said, now, how do I cover it, at open itself?, I suppose in such a steep move there isn't any sense of keeping it any longer (EOD etc.), your views are welcome sir.
Thanks.

Vivek

As Nifty short per DeMark sequential and combo would fail, I wonder what would happen to the 7-8 Nifty 50 scripts I am tracking which also triggered short, though am not holding any positions in them.
Vivek