Thomas DeMark Sequential System

[Smart_trade]

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.

SJD,

A sell signal is valid till the market proves it wrong. Normally after a sell signal, market starts sinking but I have also seen the market in distribution mode even for 4-5 weeks and then cracking. Same holds good for buy signals.

A sell signal not working out quickly could mean one of the following :

1) Smart money is distributing their stock and that distribution is still not over.

OR 2) The supply/demand equation underneath the market is changing and we may get a fresh upmove thereby hitting the stops.

I would not assume which one is playing out, so take the short trade ( may be on smaller qty) and let the market make the final decision of which way it wants to go. If the short trade works out, great....if the stops are hit , still great as we now know that the market is going to go much higher so there is money to be made on long side , both are win win situations for a trader.

Smart_trade

Smart_trade

 

[prabhsingh]

Where are you looking? Check 4shared.com

Kindly can you upload again and share the path please.

 

[sanjosedesi]

I never uploaded anything ...
Edit/Add - Boss, just google for demark sequential PDF - you will get a bunch of stuff, some of that on 4shared.com which requires you to create an account but it is pretty easy. Demark has 3 books (maybe more) and then there is a book by jason perl and you will find a bunch of articles. Try googling ...

 

[sanjosedesi]

Hi Ritesh, In Bata - we "may" complete a sell setup 9 count today. I presume that will nullify your countdown, right?

 

[ritesh.bafna88]

Hi Ritesh, In Bata - we "may" complete a sell setup 9 count today. I presume that will nullify your countdown, right?

Yes it is on my watchlist.... In case it completes the sell setup the buy gets cancelled...

 

[ritesh.bafna88]

Follow up on bata india...

Bata india today completed sell set up hence the previous buy CD now stands cancelled....

Regards
Ritesh

 

[ritesh.bafna88]

hello Smart Traderji,
i had question on TDST lines... i am asking you here as being an ongoing thread on thomas demark sequential system.. i think this may be a value addition (i doubt myself !!)

i hope you must be aware of traderdude's (currently banned) thread on price action in lines with Support and Resistance along with other confluences...

after going through his thread a question crawled in my mind that can the TDST lines which are support and resistance for that particular system can be used for Price Action theory?

as price action is totally new way to see charts i am hoping as these lines have been successful in there own way, these TDSTs may also enhance the Price Action way of trading....

your comments and understanding will enlighten me more on this line...

will be waiting for the guidance...

Regards,
Ritesh Bafna

 

[anup]

Hi Guys,

Need AFL for this strategy. Please provide the AFL or link, I have been through the threads but i am lost...

 

[ritesh.bafna88]

Hi Guys,

Need AFL for this strategy. Please provide the AFL or link, I have been through the threads but i am lost...

please search on page no 37 of this thread... u should get the afl :thumb:

 

[Smart_trade]

hello Smart Traderji,
i had question on TDST lines... i am asking you here as being an ongoing thread on thomas demark sequential system.. i think this may be a value addition (i doubt myself !!)

i hope you must be aware of traderdude's (currently banned) thread on price action in lines with Support and Resistance along with other confluences...

after going through his thread a question crawled in my mind that can the TDST lines which are support and resistance for that particular system can be used for Price Action theory?

as price action is totally new way to see charts i am hoping as these lines have been successful in there own way, these TDSTs may also enhance the Price Action way of trading....

your comments and understanding will enlighten me more on this line...

will be waiting for the guidance...

Regards,
Ritesh Bafna

Ritesh,

I have no idea of traderdude's support/resistance and his application to price action, so I wont be able to offer any comments on the same.

If someone points out to some useful techniques there, we can always study and adapt those into our trading.

Smart_trade