Thomas DeMark Sequential System

[prabhsingh]

Hi Ritesh,

Kindly can you post chart of BataIndia and explain at what particular bar/point Bata completed its sell and buy started.

 

[ritesh.bafna88]

Hi Ritesh,

Kindly can you post chart of BataIndia and explain at what particular bar/point Bata completed its sell and buy started.

Surely... Will do the same aftet market hours...

Regards
Ritesh

 

[MurAtt]

@Smart Trade - GMR Infra has completed it setup imo.

For me - what I see - any pattern whatsoever, if it takes place at extremes gives super results - whatever it may be - WW, Dbl Top, HnS or whatever, same with TDST.

Can u confirm the same ? GMR Infra.

Danke

 

[sanjosedesi]

@Smart Trade - GMR Infra has completed it setup imo.

For me - what I see - any pattern whatsoever, if it takes place at extremes gives super results - whatever it may be - WW, Dbl Top, HnS or whatever, same with TDST.

Can u confirm the same ? GMR Infra.

Danke

Muratt - this one is an interesting chart. Will be good to see ST's perspective. Although I have read a lot, it is fun to see each and every condition play out.

What I see is
- buy setup completed Oct 22
- another buy setup completed Nov 23
- countdown for the Oct 22 setup should have completed by now if not for holidays over the last month

But holidays or not, the countdown did not completed. And setup got recycled. Not the standard operating procedure (for me). My gut says buy - but over to ST !!

 

[ritesh.bafna88]

Hi Ritesh,

Kindly can you post chart of BataIndia and explain at what particular bar/point Bata completed its sell and buy started.

here is the chart... on the left hand side in the white rectangle patch you can clearly see the buy setup getting completed... on the right hand in the blueish rectangle patch you can see the marking of sell set up getting completed...

 

[ritesh.bafna88]

Muratt - this one is an interesting chart. Will be good to see ST's perspective. Although I have read a lot, it is fun to see each and every condition play out.

What I see is
- buy setup completed Oct 22
- another buy setup completed Nov 23
- countdown for the Oct 22 setup should have completed by now if not for holidays over the last month

But holidays or not, the countdown did not completed. And setup got recycled. Not the standard operating procedure (for me). My gut says buy - but over to ST !!

This is what i understand for a recycle situation....

the range of 1st setup is Rs 6.35/-
the range of 2nd setup is Rs 3.05/-

as the range of 2nd setup is less than 1st setup the countdown of 1st setup is to be continued!!!

i still would like to know the ST's opinion in this matter....

Regards,
Ritesh

 

[sanjosedesi]

This is what i understand for a recycle situation....

the range of 1st setup is Rs 6.35/-
the range of 2nd setup is Rs 3.05/-

as the range of 2nd setup is less than 1st setup the countdown of 1st setup is to be continued!!!

i still would like to know the ST's opinion in this matter....

Regards,
Ritesh

What is your countdown? I see 11 + holidays.

 

[ritesh.bafna88]

What is your countdown? I see 11 + holidays.

even in this situation the intersection happened at the 8th Setup bar so the 9thsetup bar can be a candidate of countdown if the conditions are fulfilled...

on the 9th SETUP bar the close was < low of 2 bar back hence the 9th setup bar is the first CD...

as per AFL there are 11 CD completed... as AFL does not apply this logic hence add one to the AFL's 11 CD.... i.e 12 CD completed on 22/11/2012

further,

also the AFL does not incorporate the logic of recycle (note only if my recycle calculation are correct)

hence on completion of 2nd setup the AFL stopped counting further CD bar for 1st Setup

as the 1st setup holds good, the 13th CD bar is on 23/11/2012

also as the candle is positive on 13th CD this can be the buy candle as well...

i hope i kept it simple...:thumb:

regards,
Ritesh

 

[sanjosedesi]

i hope i kept it simple...:thumb

Yes, very !!
Thanks. I am busy with other stuff but in parallel trying to write a note on demark. The idea is to write the rules in simple english - let's see when I get there. Will post it if I ever get there.

 

[sanjosedesi]

Ritesh I don't like to use you for the grunt work, but don't take it hard - I am also doing some grunt work.

I was looking at power grid. It completed countdown (per AFL) yesterday. However, it was a huge extended countdown. Would you consider it, or did it get canceled at some point?