Tom de mark sequential monitor for nifty50 stocks

vivektrader

In persuit of financial independence.
Reiteration:
Once a sequential trade fails, we should wait for a fresh setup to arrive whose bar one comes after the date of stop loss hit.

Remember Grasim hit Stop loss after it gave a sequential sell in Feb (marked by a yellow arrow above), after that another sell sequential triggered based on a sell setup that originated within first failed trade (marked above), again hitting stop loss today (not shown above).

Another application:
After a trade fails, as it signifies a significant change in supply/demand, meaning thereby that underlying trend is very strong unlikely to end any time soon, so after a stop loss has hit, one can take a position in the direction of original trend i.e. if stop loss hits in a short trade, original trend was up, we go long and vice versa.
Entry can be at a retracement to a 20/50 EMA (dip in an uptrend and vice versa).

Vivek
 
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