Thomas DeMark Sequential System

[ritesh.bafna88]

this code is nice... the plotting of CD is perfect in apollo tyre... thanks sanjosedesi...

 

[ritesh.bafna88]

I am not planning to touch the code for some time. Implementing combo will be complex and I need to learn array management first. I also need to understand the arrays already being used. Once I do understand these, will look into combo and cleaning the UI.

Questions for ST/Ritesh and others interested:

ST: We recently had the code call out tops in Axis Bank and Bajaj Auto. This is within the last 2 weeks and the price is still near the top so nothing has changed with respect to RR. I wonder if the passage of 2 weeks (but no opposite setup yet) invalidates this? Should we be able to short these even now?

** To be correct, Axis bank is available at a price better than what Sequential called out, and Bajaj auto is available at a price worse than what Sequential called out - but I see this as minor deltas.

Ritesh: Bata - you were waiting for 5th CD bar. You want to double check? The code shows only 3 completed CD bars.

i think the code is not recognizing the 9th set up bar as the first CD bar...

on the 8th and 9th setup bar the intersection has taken place and criteria is also met on 9th setup bar to be qualified as 1st CD bar...

hence the difference...

 

[ritesh.bafna88]

sanjosedesiji.... did u understand the difference or should i support it with a chart for your reference....??

 

[sanjosedesi]

sanjosedesiji.... did u understand the difference or should i support it with a chart for your reference....??

Sadly the current code does not have that logic ... another pending enhancement I guess.

 

[ritesh.bafna88]

Sadly the current code does not have that logic ... another pending enhancement I guess.

by this new development coming to our notice

again we need to be careful while using CD from AFL

 

[sanjosedesi]

by this new development coming to our notice

again we need to be careful while using CD from AFL

Yeah, but we have something which is better than before. At max we are talking about mixing up the 12/13 bars - but we do not need to start manually counting until we cross 10 I guess. My strategy will be to use AFL to scan the scrips and do deep down when I see a promising situation. With its infrequent signals, it is not worth spending time everyday in counting or marking charts and this should reduce that effort.

 

[ritesh.bafna88]

about the axis bank... the CD completed and the sell was given on 09/11/2012.... the SL is to be kept at 1269.9 as per my calculation...

for the entire SELL signal to be invalidated the SL must be HIT on closing basis twice in a row... or there has to a opposite setup... as both has yet not taken place the setup is very well still alive....

 

[sanjosedesi]

about the axis bank... the CD completed and the sell was given on 09/11/2012.... the SL is to be kept at 1269.9 as per my calculation...

for the entire SELL signal to be invalidated the SL must be HIT on closing basis twice in a row... or there has to a opposite setup... as both has yet not taken place the setup is very well still alive....

Yeah, I know that's the theory, but
a) wanted ST's experience based feedback. Is it too late to enter?
b) subsequent setups can go on forever. At what point should we say that the previous countdown has failed and abandoned? would we say that based on # bars, or just based on the SL?

 

[Aloakdutt]

Dear Friends

Iam not able to download the same it says invalid file. this is a pdf file on td sequential

Any one know how to upload it

Thanks
Aloakdutt

 

[sanjosedesi]

I am not able to download the same it says invalid file. this is a pdf file on td sequential

Where are you looking? Check 4shared.com