Thomas DeMark Sequential System

[Smart_trade]

Posting examples of intraday trading on TDST

I am posting Nifty futures 5 min chart for 16 th and 17 th Oct 2008 (yesterday and today)

Mark the TDST with the help of Metastock utility I have posted earlier or manually (it will be tedious though manually) and see that a buy TDST at 3220 broken on upside on 16-10-08 was a intraday buy signal.

Also note that a sell TDST at 3262 when cracked today was a sell signal,giving us a bumper trade today. Note that market did not attempt even a mild rally after TDST break today !!!

Best Wishes,

Smart_trade

 

[nilaish]

Dear Smart_trade,
thanks a lot for your explanation and intraday chart. I will also try the metastock utility posted by you for TDST. I just finished reading sequential, combo and tdst. now i want to test them on daily and intraday charts.
can u plz tell what is your experience about TD Combo? have u used it or TD sequential is good for finding market top or bottom?

nilaish

 

[nilaish]

Dear Smart_trade,
have u used oscillators defined by demark like TD Roc, TD REI or TD Demarker. I think his concept of mild and severe overbought/oversold is really good and can be used with other oscillators also. see the current market, inspite of having deeply oversold, there is no bounce back and downward momentom is going up.

nilaish

 

[Smart_trade]

Dear Smart_trade,
have u used oscillators defined by demark like TD Roc, TD REI or TD Demarker. I think his concept of mild and severe overbought/oversold is really good and can be used with other oscillators also. see the current market, inspite of having deeply oversold, there is no bounce back and downward momentom is going up.

nilaish

Hi nilaish,

I have used DeMark oscillators and find TD REI as the best.

Yes the oversold/overbought concept based on number of days it stays in that zone is really good. I have used this concept in even daytrading.Whenever I see oscillator reading in oversold zone for more than 5 bars,the down move always accelerates,so sell with a small stoploss and it is very profitable.

I have used this analysis on oscillator like RSI and found very useful.

Best Wishes,

Smart_trade

 

[Smart_trade]

Dear Smart_trade,
thanks a lot for your explanation and intraday chart. I will also try the metastock utility posted by you for TDST. I just finished reading sequential, combo and tdst. now i want to test them on daily and intraday charts.
can u plz tell what is your experience about TD Combo? have u used it or TD sequential is good for finding market top or bottom?

nilaish

TD Sequential and TD Combo are to be applied simultaneously to all charts.My experience is that Combo identifies top/bottom in very strong vertically moving markets and Sequential in normal type of mkts. In strong mkts,combo speaks first and then sequential speaks on a secondary top/bottom.I have seen instances where either sequential or combo speak but when both speak togather,it pays to listen very carefully.

Best Wishes,

Smart_trade

 

[ajaygodha]

Correct me if i am wrong. As per my reading nifty has completed combo on 17/10/2008.

 

[Isamu]

Smart Trade, I am looking at your indicator and I think I understand the ups and down (the peaks anyways), that is where the price flips happen. Are the peaks one candle/bar off?

If you could look at the attached image, I overlayed your indicator over the chart. I'm working on a counting system, I've manually checked each flip and they look correct, I was wondering if you could just verify if those are in fact TD price flips.

I'd just like to know I'm on the right track

Thank you for your time.

 

[Smart_trade]

Smart Trade, I am looking at your indicator and I think I understand the ups and down (the peaks anyways), that is where the price flips happen. Are the peaks one candle/bar off?

If you could look at the attached image, I overlayed your indicator over the chart. I'm working on a counting system, I've manually checked each flip and they look correct, I was wondering if you could just verify if those are in fact TD price flips.

I'd just like to know I'm on the right track

Thank you for your time.

Isamu,

The flip is said to have happened when you have closing of the bar greater than the close 4 bars ago in a ongoing downswing.So the flop is not on peaks/valleys but on closing price relationship.

I see a long period of indicator giving zero reading in your charts,unable to understand this .It should give zero only when closing = closing 4 bars ago and in all other cases either +1 or -1 .

Your indicator seems to be identifying flips well. Just look into the points mentioned above.

Best Wishes,

Smart_trade

 

[Isamu]

Thank you for your time. It's a slow process and without programming experience, it makes it slower, but I'm learning a lot.

Another question if I may, I know it might just depend on the market, but which do you think that JUST trading the TD setup (perfected) or the TD sequential or the TD combo is best? It's like waiting for 9 bars, or 21 bars or 13 bars, in your experience does anyone of them speak louder than the rest?

I hope you can understand my question.

Take care.

 

[Smart_trade]

Thank you for your time. It's a slow process and without programming experience, it makes it slower, but I'm learning a lot.

Another question if I may, I know it might just depend on the market, but which do you think that JUST trading the TD setup (perfected) or the TD sequential or the TD combo is best? It's like waiting for 9 bars, or 21 bars or 13 bars, in your experience does anyone of them speak louder than the rest?

I hope you can understand my question.

Take care.

Hello Isamu,

I find pergecting TD Set ups and TDST as great for short term(3 min,5 min,10 min,30 min,and 60 min timeframes) to swing trading and Sequential and Combo to be great for little longer term (60 min,daily timeframes ) So the answer depends on what kind of trading timeframes you have in mind. If you want to trade short term,go for TDST and for long term positions go for sequential and combo.

Hope I understood your question correctly .

Best Wishes,

Smart_trade