Thomas DeMark Sequential System

[kenneth]

Hello Saurabh,

Would certainly try to scan nifty stocks and post the results.Small correction in yr above highlighted post.In a buy count down(countdown leading to a Buy signal) the close should be less than or equal to low 2 bars ago.Happy to know that you found the technique
interesting.

Best Wishes,Trade well !!!

Smart_trade

Hi Smart Trade,

Was waiting for yours scan of Nifty Stocks.

My scan gives 13th for the following stock

Ticker	Trade	Date	Close	
BOMDYEINGBuy	8/22/2008	543.6000
ORCHIDCHEMBuy	8/22/2008	247.1500
RPOWER	Buy	8/22/2008	157.0500
SESAGOA	Buy	8/22/2008	154.5000

Could You please give your view. I have to varify the AFL I wrote.
Regards
Ken

 

[Smart_trade]

for smart trader,
since u r following ur metastock indicator , makes more sense to follow ur indicator.
so many questions & doubts has been raised...still unable to understand wht is TDST & setups & countdown...anyway if all the rules which u practically follow in trading can be compiled together at 1 place for ready reference as now we have to search for a long time to find & clear ur doubts.i thnk ull be able to do this better than others as u have put ur system to use in the market.
applied ur indicator on the chart
u have a zigzag kind of indicator...does it look into the past for plotting.also there is a buy & sell count oscillating between 1 & o.
how to correlate the stuff.
also the 13 bar count is not there ....i may be wrong...
can an exploration be made by u with ur 9 bar & 13 nbar counts in metastock
sorry if i sound like a novice & repeat the same stuff over & over again

Dear vvvv,

Please go through the earlier posts.Set up,Intersection,countdown ,TDST all explained .

Set up indicator compares the bars closing with closing 4 bars ago and if the close >or= close 4 bars ago it will tick up and if close <or= close 4 bars ago it will tick down.So with yr cursor count 9 consecutive up ticks or downticks to identify sell or buy set up.

Sell and buy countdown indicator is a 0 or 1 toggle.All bars with indicator showing 1 is a bar where countdown condition is satisfied.So after 9 set ups and intersection count 13 set up bars to get buy/sell signals.

All my Sequential buy charts show 9 set up bars and 13 countdown bars.Only when I am posting trading on TDST alone they will not have countdown bars as they are not being traded there.Only TDST levels are traded.

Hope the above will make the charts more clear .If not then go to physically counting the bars after checking the relationship 2 or 4 bars ago as we used to do earlier but it is quite tedious doing manually so I now use indicators.
Recommend that you read DeMark's "New Commodities Timing methods" book for more detailed information on various aspects.

Best Wishes,Trade well !!!!

smart_trade

 

[Smart_trade]

Hi Smart Trade,

Was waiting for yours scan of Nifty Stocks.

My scan gives 13th for the following stock

Ticker	Trade	Date	Close	
BOMDYEINGBuy	8/22/2008	543.6000
ORCHIDCHEMBuy	8/22/2008	247.1500
RPOWER	Buy	8/22/2008	157.0500
SESAGOA	Buy	8/22/2008	154.5000

Could You please give your view. I have to varify the AFL I wrote.
Regards
Ken

Hi Ken,

Just picked up RPower at random from yr list.Chart with markings of
http://img148.imageshack.us/img148/5705/rpowerseqbuyqd3.jpgBuy Set up,Intersection and Count down is attached.I am afraid our results are poles apart as if we both are talking different languages.

I am concerned that this will give wrong signals .I am getting my 13 countdown buy on 16-7-2008 at the closing price of Rs 128=10 and on 22/8/2008 there is NO SIGNAL.Most of the Nifty constituents bottomed and gave buy signals between 15 th and 25 th July 2008.

If not clear I can send you the dates of Buy Setup and countdowns for you to crosscheck with yr results.But there appears to be a major error somewhere !!!

Best Wishes,Trade well,

Smart_trade

 

[saurabhkurichh]

i have attached the AFL ken sir.. please go through it.. it gives a error ( while scanning only ) ( the error lies somewhere in the TDST plotting area section writtern is written by dave...)


anyways ken sir..i have no words to say thanks to u regrading prompt reply to my request....

many many thanks again

 

[kenneth]

i have attached the AFL ken sir.. please go through it.. it gives a error ( while scanning only ) ( the error lies somewhere in the TDST plotting area section writtern is written by dave...)


anyways ken sir..i have no words to say thanks to u regrading prompt reply to my request....

many many thanks again

yes you are right. For scanning you use it without Devs AFL.

Regards
ken

 

[saurabhkurichh]

Smart trade sir... yes u seem to be correct .. the "9" dates match properly but there is some confuson regrading the "13"day ....smart trade sir .. if u could post ur metastock code , then may be by dissecting it ken sir may be able to produce a beeter AFL

 

[Smart_trade]

for smart trader,
since u r following ur metastock indicator , makes more sense to follow ur indicator.
so many questions & doubts has been raised...still unable to understand wht is TDST & setups & countdown...anyway if all the rules which u practically follow in trading can be compiled together at 1 place for ready reference as now we have to search for a long time to find & clear ur doubts.i thnk ull be able to do this better than others as u have put ur system to use in the market.
applied ur indicator on the chart
u have a zigzag kind of indicator...does it look into the past for plotting.also there is a buy & sell count oscillating between 1 & o.
how to correlate the stuff.
also the 13 bar count is not there ....i may be wrong...
can an exploration be made by u with ur 9 bar & 13 nbar counts in metastock
sorry if i sound like a novice & repeat the same stuff over & over again

Hi vvvv,

Just posted RPower chart with all markings in the last post.You may like to see it.

Thanks,

Smart_trade

 

[saurabhkurichh]

Ken sir.. may be we can work it out this way in ami and test it out
We treat the "9" bar as the refernce bar ..
Then as and whenever the close of a bar is less than the close or low of its 2 bar earlier we mark those bars ..till we get the 13thbar...
All these 13 bars be stored in an array..
and after that all we have to do is scan once again for a close higher than open ( this can be done if we treat the 13th bar as reference bar )

I m not sure if i was good at explaining

 

[saurabhkurichh]

http://www.moneytec.com/forums/f33/td-sequential-tom-demark-20408/

ken sir...may be this might prove to be some help to u

 

[kenneth]

http://www.moneytec.com/forums/f33/td-sequential-tom-demark-20408/

ken sir...may be this might prove to be some help to u

Thanks. That is the same AFL by Leo On the first Post. This identifies the 13day. I have only added the buy and sell for scan. other wise it was giving only buy and sell arrow. I am trying to find a way.

Regards
ken.