Tom de mark sequential monitor for nifty50 stocks

[vivektrader]

Asian Paints sell CD13 Close 13>12>11

 

[vivektrader]

 

[vivektrader]

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

 

[monkeybusiness]

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

Every pinnacle is loneliness -Fountainhead by Ayn Rand.
For trading purpose we can add abyss too.
:thumb:

 

[vijkris]

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

Is this your recent experience speaking or u quoted some para from a book ?

 

[vivektrader]

Is this your recent experience speaking or u quoted some para from a book ?

My write up, my experience.

Vivek

 

[vivektrader]

Sell CD13, close 13>12>11>10

 

[vivektrader]

9Vs6 setup

 

[phoenixbird]

Vivek Sir, how do u calculate the targets in spreadsheet (for few cases two optional targets are given, example HINDPTERO - 412/432)

Thanks

 

[vivektrader]

Vivek Sir, how do u calculate the targets in spreadsheet (for few cases two optional targets are given, example HINDPTERO - 412/432)

Thanks

Its the TDST lines, buy TDST line for longs, sell tdst line for shorts, when there are more than one lines, then there are more than one targets, one near one far.
However, one has to start trailing after a setup is completed in opposite direction, for e.g. after a completed sell CD when we are short (after we get close<open), we stay put until either we reach a TDST sell (red support line) or a completed buy setup (nine),whichever comes earlier, after which we are more vigilant and may trail.

Vivek