Tom de mark sequential monitor for nifty50 stocks

Vivekji very handful of trader here understand this strategy and it takes times and patience which many including me in market is having shortage so less people here to discuss it...


You keep up the good work you will certainly get rewarding result as you see with ST sir and others which will rub off to us as well :thumb::thumb:

vivek bhai.. jst started gng thru the thread.. will help me in my positional buying with other strategy in place.. wil ask if anything.. thank you

Stop loss hit in Coal India- didn't take long in it (somehow).
But now as the longs failed its likely to go much lower, shorts should be in.


Vivek

vivek.. what does your method say about biocon today.. what i follow is trend and support / resistance..

http://imgur.com/PoIDZRx

image shows support at cloud and chinkou .. wanted to know if your system shows reversal.. which i want to particularly delve into

As per DeMark, yesterday it closed below TDST daily buy line (recycling the evolving buy setup) and today closed above.
So it would basically remain sideways for may days between 907&1061.

Got out of DrReddy longs today, hit SL @ EOD. Entire Pharma sector is in for a beating. Multiple scripts breaking TDST support. No time to go long in them.

Yesterday earned some by shorting DrReddy intraday post first bar rejection.
Failed DeMark's trades are equally important as the momentum is likely to continue and one should find trade opportunities in this 'corrected' direction (after the original trade fails).
But, its not to say that in this case (DrReddy), one would short every day (intraday) but if a setup arrives on the short side one should be more confident.


Vivek

Congragulations sir for your success in Zerodha 60 day challenge.

Depsite not so bad-decent results pharma is getting battered all sides. We can get a buy signal sooner.Instead of a wider stop loss (from Demark method), a narrow stop loss (like pivot) would help?

Thanks

congrats :thumb: