Thomas DeMark Sequential System

Very Interesting


Nifty SPOT on daily and Weekly Charts is in Countdown phase of for a TD SEQUENTUAL Sell Setup whereas on Hourly charts, it is in Countdown for buy setup....

So, analysis: Short term down slide to explode upwards ...

Apollo Tyres


Need your expertise here! I have marked the levels.

What is the next level? And what is the target?

Re: Apollo Tyres

After 9 set up bars, we have intersection on 9th bar and we have completed 3 countdown bars. Lot of upmove still looks possible . My target looking at the chart is about 120-125

Smart_trade

Re: Apollo Tyres

Based on your input, I exited my shorts taken at 99.45 at 99.20. With brokerage, that equals very small profit. But then the price fell further and closed at 97.2.

Now we have a red candle close too. So I am confused on your figure of 120-125. Can you elaborate on what basis you arrived at this figure? Because I am not able to trade as per TDST or any strategy which tells me to go short, when I think about this figure 120-125 without sufficient reason to believe it.

Hope you get the time to answer this query today itself. Based on TDST, I think we will get tomorrow's level near 93. Please comment on this view also. Thanks.

Re: Apollo Tyres

Please dont trade based on my inputs as you covered your short position at 99.2 and now as it closed at 97.2 you are feeling bad about closing your short position. You could have trailed it on some close stoploss .

Remember that sequential is a long term system and it does not indicate day to day movements. Markets need space to breathe so after a rally and completion of sell set up, it may take a few days correction.

My indication of targets is based on the following :

1) I have observed that the set up is completed at half of the total move.

2) Days remaining for count down as well as combo completion indicate that plenty of upmove is still balance...

But does it mean that the market will continue its verticle upmove without any correction ? That question is difficult to answer.But a scrip which has completed sell setup and few count down bars is definately not a sell on sequential.

So keep sequential targets at back of your mind and trade whatever short term system you are presently trading.

Frankly based on your questions I find that you have not clearly understood the method and its nuances. Now we are in sell count down and tomorrows close has no relevence to the sequential process as count down days are not required to be consecutive .

So kindly continue trading on your method.

Smart_trade

Re: Apollo Tyres

Rest assured that I had been stoploss out from 102 through 98.50 back to 99.20 and 99.7 from where it never recovered.


Maybe I have not sufficiently understood TDST, but I am not yet ready to let go of this strategy, so will pick up once again from where I left off. Cheers!

Just wanted to share about TDM if anyone is trading NG in commodities. As you guys might be knowing that NG is highly volatile but is also a provider of big long trends. TDM sequential looks wonderful on NG charts to predict trend changes.

Thanks hauler...can you post some charts showing Sequential/Combo markings on NG ?

Smart_trade

Another version - perfect for case study i would presume.
ST, struggled a bit in posting the image ( was my first time ). corrected it now.

Thanks,

This time another chart for crude oil, Unbelievably perfect on on both side of the trend with more than couple of recycling happenings on the way on both the sides.
Probably the key would be not to get too aggressive and wait for the confirmation on 1st candle on the reverse side to appear.