Tom de mark sequential monitor for nifty50 stocks

Discussion in 'Advanced Trading Strategies' started by vivektrader, Jan 9, 2017.

  1. vivektrader

    vivektrader Well-Known Member

    Joined:
    Jul 15, 2015
    Messages:
    1,909
    Likes Received:
    3,929
    Trophy Points:
    113
    Location:
    'Right' side of market.
    Maruti cash chart
    Sell setup complete and perfect.
    no intersection yet so countdown has to wait
    [​IMG]
     
    Last edited: Jan 10, 2017
    nitingosavi and monkeybusiness like this.
  2. manojborle

    manojborle Well-Known Member

    Joined:
    May 9, 2012
    Messages:
    2,986
    Likes Received:
    4,789
    Trophy Points:
    113
    Location:
    Pune
    Remember if the setup completes after hitting Resistance, it is going to go up.
    If it had completed below resistance then it would have been alright to short
     
  3. Smart_trade

    Smart_trade Moderator

    Joined:
    Apr 15, 2008
    Messages:
    13,611
    Likes Received:
    75,130
    Trophy Points:
    113
    Location:
    On the internet
    There is no intersection on 8th or 9th bar ,so countdown has to wait till we get intersection.

    Intersection is important part of sequential.It ensures that the brakes are applied to the price activity and avoids selling in strong running markets.

    Smart_trade
     
    Last edited: Jan 10, 2017
    Vipul_84, vittal, wisp and 8 others like this.
  4. vivektrader

    vivektrader Well-Known Member

    Joined:
    Jul 15, 2015
    Messages:
    1,909
    Likes Received:
    3,929
    Trophy Points:
    113
    Location:
    'Right' side of market.
    Thank you sir, Please continue to correct me, as the concept is complex and language is difficult.
     
    wisp, VJAY and Smart_trade like this.
  5. vivektrader

    vivektrader Well-Known Member

    Joined:
    Jul 15, 2015
    Messages:
    1,909
    Likes Received:
    3,929
    Trophy Points:
    113
    Location:
    'Right' side of market.
    Originally posted by ST sir in Demark thread:
    "Intersection ensures that the brakes are applied on market activity and we dont apply sequential in run -a- way phase. Intersection requires that in case of sell set up , the low of the set up bar 8 or 9 be less than or equal to the high 3 or more trading days earlier , upto and including the first day of the set up.

    If the intersection takes place on 8th or 9th bar, the count down is started from 9th set up bar meaing 9th set up bar can be first countdown bar if it satisfies the countdown conditions."


    thanks
     
  6. vivektrader

    vivektrader Well-Known Member

    Joined:
    Jul 15, 2015
    Messages:
    1,909
    Likes Received:
    3,929
    Trophy Points:
    113
    Location:
    'Right' side of market.
    Thanks
    That's what nifty did today, that should be tradable?
     
    manojborle likes this.

  7. manojborle

    manojborle Well-Known Member

    Joined:
    May 9, 2012
    Messages:
    2,986
    Likes Received:
    4,789
    Trophy Points:
    113
    Location:
    Pune
    Yes it is tradable as new sell setup can start now and trade can be exited at completion of sell setup with stop loss below resistance closing basis
     
    Raju and vivektrader like this.
  8. vivektrader

    vivektrader Well-Known Member

    Joined:
    Jul 15, 2015
    Messages:
    1,909
    Likes Received:
    3,929
    Trophy Points:
    113
    Location:
    'Right' side of market.
    what should be the entry bar for this trade, if today ends in green, than entry at tomorrow open?
    Exit at completion or even interruption?
     
    manojborle likes this.
  9. manojborle

    manojborle Well-Known Member

    Joined:
    May 9, 2012
    Messages:
    2,986
    Likes Received:
    4,789
    Trophy Points:
    113
    Location:
    Pune
    I think when it closes above resistance thats the trigger for the long trade.
    I prefer entering trades on pullback so long could be entered in shorter time frame such as 60 or 30 min.
     
  10. travi

    travi Well-Known Member

    Joined:
    Jul 30, 2016
    Messages:
    2,480
    Likes Received:
    4,127
    Trophy Points:
    113
    Location:
    Trading Nirvana
    Very true. Always combine it around major S/R or pivot, BRN, stock or sector specific announcements etc
     
    vivektrader likes this.
Loading...

Share This Page