Tom de mark sequential monitor for nifty50 stocks

Nevertheless, the stop-loss is still intact and the positive candle appeared in the region where it should have been in the first place, so I am long in it.

Vivek
Vivekbhai,

how do you decide on SL in this system ... ? ...... what is sl for lichf ?
 

vivektrader

In persuit of financial independence.
Vivekbhai,

how do you decide on SL in this system ... ? ...... what is sl for lichf ?
I am afraid you will have to read the thread to have a grasp of the system, as you can't be interested and at the same time ignorant about it.

Stop-loss is calculated by subtracting the range of true low candle (of the entire CD) from its low on closing basis (in a buy cd example).

Vivek
 
ST Da / Vivek ji,

Please share your thought on this,

Motilal Oswal daily chart
Daily_MotilalOF.jpg

In this chart, TD buy setup completed on 04/12/17 near TDST support line (1245.15).
Assume, I enter this scrip on condition if next bar is +ive, with SL=TDST line, and target is hold till next flip.
Now it has completed TD sell setup bar 8. If next bar (tommrrow) is not a flip, then it will complete TD sell setup
and there is a higher probability for a small pull back. If it's a flip then TD sell setup is not completed, and it may go
higher. How do we handle this?

Regards,
 
A doctor making it big from an associated medical college in Haryana, three cheers

Another Doctor is mastering a great treading system .....:)
 
Last edited:

vivektrader

In persuit of financial independence.
ST Da / Vivek ji,

Please share your thought on this,

Motilal Oswal daily chart
View attachment 23651
In this chart, TD buy setup completed on 04/12/17 near TDST support line (1245.15).
Assume, I enter this scrip on condition if next bar is +ive, with SL=TDST line, and target is hold till next flip.
Now it has completed TD sell setup bar 8. If next bar (tommrrow) is not a flip, then it will complete TD sell setup
and there is a higher probability for a small pull back. If it's a flip then TD sell setup is not completed, and it may go
higher. How do we handle this?

Regards,
I am yet to find a tangible, high sucess rate method to fade a completed setup, however Perl in his book has described ways to fade completed setups and various conditions he looks as prerequisite before committing to a trade like, a perfected buy set up completing close to a TDST support line with no bar closing below it (in case of buy setup), and some stop-loss criteria.
Yes a recycling of an evolving setup at bar 8 would suggest that price should go much further in same direction.

Vivek
 
Last edited:
ST Da / Vivek ji,

Please share your thought on this,

Motilal Oswal daily chart
View attachment 23651
In this chart, TD buy setup completed on 04/12/17 near TDST support line (1245.15).
Assume, I enter this scrip on condition if next bar is +ive, with SL=TDST line, and target is hold till next flip.
Now it has completed TD sell setup bar 8. If next bar (tommrrow) is not a flip, then it will complete TD sell setup
and there is a higher probability for a small pull back. If it's a flip then TD sell setup is not completed, and it may go
higher. How do we handle this?

Regards,


I am yet to find a tangible, high sucess rate method to fade a completed setup, however Perl in his book has described ways to fade completed setups and various conditions he looks as prerequisite before committing to a trade like, a perfected buy set up completing close to a TDST support line with no bar closing below it (in case of buy setup), and some stop-loss criteria.
Yes a recycling of an evolving setup at bar 8 would suggest that price should go much further in same direction.

Vivek

Motilal Oswal was up today approx 3% up .....

So what are the implication as per Dmark's system ??
 
Nevertheless, the stop-loss is still intact and the positive candle appeared in the region where it should have been in the first place, so I am long in it.

Vivek
Today LICHF had an up candle ......... so does that means trade is going as per system. ??

I bought small amount at market open today @ 563
 

vivektrader

In persuit of financial independence.
Pleaze comment, Is it ?? "Tripple combo.."" End of Bull run in Maruti for time being, is it?
What do you imply by triple combo?, did you mean 3 sell setups in a row?, there is no interpretation yet that maruti bull run is over till it gives a sell CD or combo based on last operational sell setup 1.
Broker_2017-11-29_18-22-18.png
 

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