NIFTY 50 future TRENDS

[Smart_trade]

[HTMLWe completed 12th Combo and 10 th Sequential bar today....we are very close to the top....

Jan 2,2012 bottom was also identified on Sequential and from that point the market has been continuously up.Now we are near the top.
Smart_trade
][/HTML]

Is it the 13th bar (Today's Bar) ? ST Sir Pl guide

Reproducing a post I have posted in another thread :

Yes today we completed 13th Combo and 12 th countdown in Sequential in Nifty Futures. But there is no sell signal yet....we need a day now in which the close is less than open. Also if we get a sell above a stoploss level worked out means that the recycling is taking place. This option is very much open. The trend so far is showing no signs that it has reversed though we are monitoring the charts for any reversal.

Trend being still up, we have to trade from long side. I read in some post somewhere that someone has gone short already and he is waiting for ST's combo reversal. Nowhere I have asked anyone to go short. I am still long myself. So going short 200 points below the current price and "hoping" that ST's reversal will come to rescue is not a prudent way to trade

Smart_trade

 

[Donmuthu]

Reproducing a post I have posted in another thread :

Yes today we completed 13th Combo and 12 th countdown in Sequential in Nifty Futures. But there is no sell signal yet....we need a day now in which the close is less than open. Also if we get a sell above a stoploss level worked out means that the recycling is taking place. This option is very much open. The trend so far is showing no signs that it has reversed though we are monitoring the charts for any reversal.

Trend being still up, we have to trade from long side. I read in some post somewhere that someone has gone short already and he is waiting for ST's combo reversal. Nowhere I have asked anyone to go short. I am still long myself. So going short 200 points below the current price and "hoping" that ST's reversal will come to rescue is not a prudent way to trade

Smart_trade

ST,

Thanks for your detailed answer. Appreciate your lucidity. It will be great if you can elaborate "if we get a sell above a stoploss level worked out means that the recycling is taking place", esp. the "recycling" bit. Thank you for your time.

Regards,

 

[anilnegi]

Reproducing a post I have posted in another thread :

Yes today we completed 13th Combo and 12 th countdown in Sequential in Nifty Futures. But there is no sell signal yet....we need a day now in which the close is less than open. Also if we get a sell above a stoploss level worked out means that the recycling is taking place. This option is very much open. The trend so far is showing no signs that it has reversed though we are monitoring the charts for any reversal.

Trend being still up, we have to trade from long side. I read in some post somewhere that someone has gone short already and he is waiting for ST's combo reversal. Nowhere I have asked anyone to go short. I am still long myself. So going short 200 points below the current price and "hoping" that ST's reversal will come to rescue is not a prudent way to trade

Smart_trade

ST

Does this strategy work in all stock irrespective of tf, or can be used only on nifty, kinldy provide some article for better understanding, thanks

anil

 

[Smart_trade]

ST,

Thanks for your detailed answer. Appreciate your lucidity. It will be great if you can elaborate "if we get a sell above a stoploss level worked out means that the recycling is taking place", esp. the "recycling" bit. Thank you for your time.

Regards,

Thanks for the kind words, Muthu.

Please read my reply in the following thread. I do not want to clutter Sudoku's thread too much.

http://www.traderji.com/day-trading/49521-thoughts-day-swing-trading-89.html#post644043

Post # 885

Smart_trade

 

[Smart_trade]

ST

Does this strategy work in all stock irrespective of tf, or can be used only on nifty, kinldy provide some article for better understanding, thanks

anil

It works in all stocks and indices. I have used it on RIL,Bank Nifty, SBI,Telco,Tisco,ACC and many other stocks. But after having worked with it for more than 7-8 years I find the following :

1) It has pin point accuracy in daily timeframe. I have identified some tops/bottoms with 60 min timeframe .But below 60 mimutes the characteristic accuracy of this method is compromised....so I dont recommend it for smaller timeframes.

2) One of its bye product method called TDST works great in smaller timeframes of even 5 /3 or 1 min also.

3) It is a long term system for position trading.It has wide stops too...

We have a full thread on Thomas DeMark sequential method in this forum. I have posted some examples in that thread

Smart_trade

 

[4xpipcounter]

Smartrade, 7-8 years?

Did we enter this business about the same time. I've been in it for 7 1/2 years-- July 20, 2004 was the actual day I started.

It works in all stocks and indices. I have used it on RIL,Bank Nifty, SBI,Telco,Tisco,ACC and many other stocks. But after having worked with it for more than 7-8 years I find the following :

1) It has pin point accuracy in daily timeframe. I have identified some tops/bottoms with 60 min timeframe .But below 60 mimutes the characteristic accuracy of this method is compromised....so I dont recommend it for smaller timeframes.

2) One of its bye product method called TDST works great in smaller timeframes of even 5 /3 or 1 min also.

3) It is a long term system for position trading.It has wide stops too...

We have a full thread on Thomas DeMark sequential method in this forum. I have posted some examples in that thread

Smart_trade

 

[Smart_trade]

Smartrade, 7-8 years?

Did we enter this business about the same time. I've been in it for 7 1/2 years-- July 20, 2004 was the actual day I started.

Paul,

I am trading full time for more than 10 years, but I am using DeMark for over 8 years for my position trades. So I entered in this business a little earlier than you did....and that makes me a bit more senior chronologically atleast...

ST

 

[4xpipcounter]

Anilnegi, let me add something, but a bit of a different perspective.

I cannot necessarily relate to the combo sequentializing that ST is talking about. Having said, he sees the market heading further north, and I do too. In other words, diverse methodologies yielding the same basic result.

I consider myself to be a forecaster of the markets, and I trade according to my personal forecasts. My chart reading comes through my passion for a love to read the charts and their mathematical relationships.
You can take any market you wish, cover up the name, let me apply my methodology, and I'll give you an idea where it is headed. I'm not saying that to take my bows, but it's to answer your question.
All markets have an ebb and flow. They all trend within their particular cycles, and those movements are discernible by simply viewing a chart. It has peaks, valleys, corrections within those peaks and valleys, and as traders, we train ourselves to spot those cycles within the trends they represent in order to make an educated trading decision.
I trade forex, but it does not really matter what I trade. The markets are all confined within that predictable ebb and flow. I've always and always will say that trading is not easy. But what I just mentioned, gives us a tremendous edge over the markets.

ST

Does this strategy work in all stock irrespective of tf, or can be used only on nifty, kinldy provide some article for better understanding, thanks

anil

 

[4xpipcounter]

LOL, Smartrade, I'll let you be my senior. Now I don't feel so old.

Paul,

I am trading full time for more than 10 years, but I am using DeMark for over 8 years for my position trades. So I entered in this business a little earlier than you did....and that makes me a bit more senior chronologically atleast...

ST

 

[SavantGarde]

Though ST did reveal his age in Saint's Thread....
Not Chronological one....

SG