Tom de mark sequential monitor for nifty50 stocks

AmarajaBAT completed buy CD12 today. Close of CD12 < close of CD11 (cd 11 on 21st march).

close of cd 8 is at 832. in case tomorrow opens less than CD11 and CD12 and closes positive, will it be a terminal count even if it is not less than close of CD8.


thanks
 

vivektrader

In persuit of financial independence.
AmarajaBAT completed buy CD12 today. Close of CD12 < close of CD11 (cd 11 on 21st march).

close of cd 8 is at 832. in case tomorrow opens less than CD11 and CD12 and closes positive, will it be a terminal count even if it is not less than close of CD8.


thanks
No low of CD 13 (to qualify as CD 13) has to be less that close 8, that is mandatory.
For terminal count instead of condition: close less than low 2bar earlier, low less than low 2bar earlier is considered, this has nothing to do with bar 8 condition.
Also for practical/safe purpose (at this early stage), wait for proper qualifiers to play out, let close 13<12<11 to come through. Don't use terminal count for time being.
 
Last edited:

vivektrader

In persuit of financial independence.
AMARAJABAT Update:


CD13 has been made?

The conditions CD13<CD8 and CD13<CD12<CD11 are not met (only CD12<CD11 is met).







Thanks
No, 8/13 relationship (which is mandatory) is not met.
The stocks which are giving short signals after meeting all qualifiers are hitting stop losses, and the ones we are waiting for long signals (for all qualifiers to come through), are jumping the gun.
Am thinking of going long in Drreddy, may be after it gives a dip (if).

Vivek
 

Similar threads