Thomas DeMark Sequential System

[mastermind007]

Two recently completed Setups and Countdowns in Group A/Nifty Scrips.
Please feel free to verify.

Circles are Setups. 9 is 9th Candle of Setup.
Hollow Squares are Countdowns < 12.
Solid Square is Countdown 13.

 

[mastermind007]

Hello nifty disiplined trading

Please do not treat this post in wrong sense but only the first 5 lines (upto PlotShapes) of the afl that was posted in #691 of this thread are part of the TD's Sequential (as he described it). Those 5 lines should plot a buy or sell arrow at the completion of a valid setup.

Rest of the code will draw two histograms using values from 2 Seed parameters and the date of the selected candle. There is some mention of Erman Cole and I've got no idea of who they are or what they've done but it does not sound line credible.

 

[Smart_trade]

Two recently completed Setups and Countdowns in Group A/Nifty Scrips.
Please feel free to verify.

Circles are Setups. 9 is 9th Candle of Setup.
Hollow Squares are Countdowns < 12.
Solid Square is Countdown 13.

@mastermind007,

Your first chart shows that the bar 9 of the set up also is a bar 1 of count down as intersection is done on 8th set up bar. But your countdown starts from the next bar and not the 9th set up bar. Is it a logical error in your programme ? If so it needs to be rectified.

Smart_trade

 

[mastermind007]

@mastermind007,

Your first chart shows that the bar 9 of the set up also is a bar 1 of count down as intersection is done on 8th set up bar. But your countdown starts from the next bar and not the 9th set up bar. Is it a logical error in your programme ? If so it needs to be rectified.

Smart_trade

smart_trade,

Great Observation!!!

Countdown can start from the 9th bar of setup as per Demark's book. In the AFL, I've actually kept it as a toggle parameter on whether I want to start from next or same candle.

This is the line on topic quoted verbatim from his book

Once intersection has taken place to validate completion of the setup-and beginning no earlier than day 9 of the setup-the countdown begins.

 

[mastermind007]

Hello smart trade

I had attached wrong image (7 June) instead of 10 June and it was overly zoomed in so it was not clearly visible. Here is better image showing full setup and full countdown.

Further, I do not overlap countdown and setup days by default (It is an optional flag)

These are the dates
(March) 15 18 19 20 21 22 25 26 28 Setup

(April) 1 4 18 29 30 (May) 9 10 13 14 22 and 23 24 31 (Countdown)

(June) 5 6 were Intermediate Entry Point

(June) 10 Safest Entry Point 789

 

[mastermind007]

Sorry, friends....

It seems that the software that I've used for downloading data and applying EOD data has been skipping scrips in futures segement.


There are no data gaps in NSE Cash segment, but lots of days in April and May are missing for LUPIN1. So I will have to get all missing data manually from the NSE site
and apply it again. Pls ignore that chart. There are No data gaps in Reliance chart

Thanks to Smart Trade, I actually enumerated dates for both and discovered this problem

 

[mastermind007]

Sorry, friends....

It seems that the software that I've used for downloading data and applying EOD data has been skipping scrips in futures segement.


There are no data gaps in NSE Cash segment, but lots of days in April and May are missing for LUPIN1. So I will have to get all missing data manually from the NSE site
and apply it again. Pls ignore that chart. There are No data gaps in Reliance chart

Thanks to Smart Trade, I actually enumerated dates for both and discovered this problem

 

[TopGearTrades]

NIFTY - updated Bloomberg graphic of Sequential with Combo 13.

http://imgur.com/B0wYMEP&z5CZ3Bc&WaA5Hqv

 

[trade4joisar]

NIFTY - updated Bloomberg graphic of Sequential with Combo 13.

http://imgur.com/B0wYMEP&z5CZ3Bc&WaA5Hqv

So Nifty which was suppose to be bottom out at 5500 with Combo 13, is now bottom out at 5800 ?

Now what?

 

[anup]

Nifty completed TDST setup, Can we buy??