Thomas DeMark Sequential System

[Gaur_Krishna]

Yes, i was missing the higher TD point part. I was just considering the previous two successive TD points and thus slopes were vice versa at times. Another point got clear is daily TF is better for such analysis. Now clear... :clapping:

One more question plz;

We know that every breakout can't be successful. There will be failed breakouts. Now which indicator gives confirmation of trend, I mean, which indicator confirms that breakout is successful? Is it ADX14 {or Van Tharpe say better ADX18} or breaking of previous PH/PL (in this case TD points) or could it be as simple as closing the bar above sma21? Which one is better?

Thanks & regards,
Gaur_Krishna

1) I find that these TD Lines work best on daily timeframe. I have tried them on intraday timeframes of 5/15/30/60 min but the accuracy which the daily timeframe gives, I found that intraday does not give that accuracy.

2) If you are considering standard version of TD Lines, then having TD Supply line which is upsloping is not possible because in construction of this line, we go from left to right and we connect immediate TD high above the price to a Higher TD high on the left ....so it has to be downslopping. Similarly, for TD Demand lines we connect TD Point low immediately below the price to a lower TD point low...so the TD Demand line has to be upsloping and it cannot be downsloping due to the points we connect in its construction.

3) Breakouts are defined as under :

i) Up breakout is the one in which TD supply line is broken on upside and successively higher TD supply lines break without TD Demand line breaking.....and vice versa for Downside breakdown.

ii) When we have a market which alternatively keeps breaking TD Demand and TD supply lines without making progress in any direction , we have a sideways market at hand.

Hope the above clarify your doubts.

Smart_trade

 

[TopGearTrades]

Nifty is at an 8 count, coming off TD13 and Combo sales in January. One more day and we can look forward to a one to four bar rally.

Chart at:

http://imgur.com/HNbi0gh

 

[timepass]

Nifty is at an 8 count, coming off TD13 and Combo sales in January. One more day and we can look forward to a one to four bar rally.

Chart at:

http://imgur.com/HNbi0gh

ST, your comments on this please.

 

[Smart_trade]

ST, your comments on this please.

Yes, we have completed 8 buy set up days...tomorrow we will have 9th which will qualify definately.8th,9th or 10th day market makes a bottom and goes for a correction in which case we will get 3-4 days of upmove.

As TDST is still way down and 9 buy set up bars are already in place, there is a strong possibility of reversal also which may corrospond with pre-budget rally.

Smart_trade

 

[Gaur_Krishna]

ST da, do we consider stoch in OS > 5 bars on daily TF? Then this would mean that NIFTY has to go further down.....

Regards,
Gaur_Krishna

Yes, we have completed 8 buy set up days...tomorrow we will have 9th which will qualify definately.8th,9th or 10th day market makes a bottom and goes for a correction in which case we will get 3-4 days of upmove.

As TDST is still way down and 9 buy set up bars are already in place, there is a strong possibility of reversal also which may corrospond with pre-budget rally.

Smart_trade

 

[timepass]

ST da, do we consider stoch in OS > 5 bars on daily TF? Then this would mean that NIFTY has to go further down.....

Regards,
Gaur_Krishna

That would be if the stochs revert to OS zone without entering the OB zone i.e. 70 upwards. If the stochs reach the OB zone then the 5 bars OS thing is nullified.

 

[BlackHwk]

Been a silent spectator in this thread for a while now. Did not find a better place to post my query, so posting it here.

Does anybody have the afl for TD wave. If so can you please share it here?

 

[Gaur_Krishna]

So this means we should wait for divergence to take place and then only place sell order, correct ?......

But I read in ST Da's osillator thread that when the stoch comes out after staying for 5 bars, its not BUY signal but sell.....

Regards,
Gaur_Krishna

That would be if the stochs revert to OS zone without entering the OB zone i.e. 70 upwards. If the stochs reach the OB zone then the 5 bars OS thing is nullified.

 

[Smart_trade]

Yes, we have completed 8 buy set up days...tomorrow we will have 9th which will qualify definately.8th,9th or 10th day market makes a bottom and goes for a correction in which case we will get 3-4 days of upmove.

As TDST is still way down and 9 buy set up bars are already in place, there is a strong possibility of reversal also which may corrospond with pre-budget rally.

Smart_trade

Market reversed on Power of 9 as expected with pinpoint accuracy.....nice to trade such moves.

Smart_trade

 

[johnnypareek]

Been a silent spectator in this thread for a while now. Did not find a better place to post my query, so posting it here.

Does anybody have the afl for TD wave. If so can you please share it here?

Hope this will help.

// TD Sequential Setup 
Plot( C, "Price", colorBlack, styleCandle ); 
y = ParamField("Price field"); 

Buy = Sum( y < Ref( y, -4 ), 9 ) == 9 AND Ref( y, -9) > Ref( y, -13 ); 
Sell = Sum( y > Ref( y, -4 ), 9 ) == 9 AND Ref( y, -9) < Ref( y, -13 ); 

PlotShapes( Buy * shapeUpArrow + Sell * shapeDownArrow, IIf( Buy, colorGreen, colorRed ), 0, IIf( Buy, L, H ) );


//LISTING 2
// Ermanometry 
Plot( C, "Price", colorBlack, styleCandle ); 
dt = DateTime(); 
Start = dt == SelectedValue( dt ); 

EF = Param("Seed Seg EF", 48, 1, 900 ); 
DE = Param("Seed Seg DE", 40, 1, 900 ); 

Ratio = EF/DE; 
InverseRatio = 1/Ratio; 

x = BarsSince( start ); 
CD = DE * Inverseratio; 
BC = CD * Inverseratio; 
AB = BC * Inverseratio; 
FG = EF* Ratio; 
GH = FG * Ratio; 
HI = GH * Ratio; 
IJ = HI * Ratio; 

FH = sqrt( FG ^ 2 + GH ^ 2 ); 

Erman = 
x == int(FH) OR /* Erman */ 
x == int(GH) OR /* Erman */ 
x == int(HI) OR /* Erman */ 
x == int(IJ) OR /* Erman */ 
x == int(DE+EF+CD) OR /* Erman */ 
x == int(GH+HI+IJ) OR /* Erman */ 
x == int(CD+DE+EF+FG+GH+HI) OR /* Erman */ 
x == int(EF+FG+GH) OR /* Erman */ 
x == int(CD+DE+EF+FG+GH) OR /* Erman */ 
x == int(CD+DE+EF+FG+GH+HI) OR /* Erman */ 
x == int(GH+IJ+CD+AB+EF); /* Erman */ 

Plot( Erman, "Erman", colorRed, styleHistogram | styleOwnScale ); 

FH = sqrt( FG ^ 2 + GH ^ 2 ); 

Coles = 
x == int(FH+FG+GH) OR /* Coles */ 
x == int(AB+BC+CD+DE) OR /* Coles */ 
x == int(AB+BC+CD+DE+GH) OR /* Coles */ 
x == int(FG+GH) OR /* Coles */ 
x == int(GH+HI) OR /* Coles */ 
x == int(FG+BC+CD) OR /* Coles */ 
x == int(FG+BC+CD+DE) OR /* Coles */ 
x == int(CD+BC) OR /* Coles */ 
x == int(DE+BC) OR /* Coles */ 
x == int(sqrt(CD^2+DE^2)+CD+DE) OR /* Coles */ 
x == int(sqrt(EF^2+FG^2)+EF+FG); /* Coles */ 

Plot( Coles, "Coles", colorGreen, styleHistogram | styleOwnScale );

Enjoy