Thomas DeMark Sequential System

[mastermind007]

One set up recycled in NIfty. The second set up which started from 24th July is operational now. We have completed 3 Countdowns on this new set up.....it shows some more downmove coming.

Smart_trade

Rupee becoming Lira?

 

[TopGearTrades]

Five updated charts of Nifty using TD indicators

http://imgur.com/zSBQOUN,Eyg3ucT,4OvSP2T,wQ6Kty5,JwbPVvj

 

[trade4putuval]

Five updated charts of Nifty using TD indicators

So if my understanding is correct, the price should go till the high of the 9th candle that is somewhere near 5675, from where you can short keeping a small SL.

As per the trend seen, the price will again come back to the range of 5300, from where we will have a fresh count starting from 1 for bullish trend.

Kindly confirm!

 

[trade4joisar]

One set up recycled in NIfty. The second set up which started from 24th July is operational now. We have completed 3 Countdowns on this new set up.....it shows some more downmove coming.

Smart_trade

Are we into up move as per TDST ?

As per chart provide by TG, It seems 13 setup gave up signal, but not sure about 9 setup

 

[TopGearTrades]

Updated NIFTY chart

http://imgur.com/kMgkjfJ

 

[timepass]

Updated NIFTY chart

http://imgur.com/kMgkjfJ

Thanks TGT. But it look complicated to me, someone who doesn't understand TDS. Can you also post your commentary on this chart ??

Thanks.

 

[jain.er]

Five updated charts of Nifty using TD indicators

http://imgur.com/zSBQOUN,Eyg3ucT,4OvSP2T,wQ6Kty5,JwbPVvj

@Top Gear

How can we get TD indicators in Bloomberg terminal

 

[TopGearTrades]

The DeMark indicators are a $500 per month third-party package available by subscription on Bloomberg.

I would be overjoyed if someone came up with a Combo AFL for AmiBroker.

Regarding interpretation, I suggest Tom Demark's books "The New Science of Technical Analysis", "DeMark on Day Trading Options" and Jason Perl's "DeMark Indicators". You can find them on Amazon.

The Sequential indicator is just one of DeMark's studies. It is not a system. However, it is useful in finding points of exhaustion that have an above average chance of a price reversal. Simplistically, a 9-count creates a Setup from which you look for a 1 to 4 bar retracement. If the Setup took out a previous TDST level (now 6077 in NIFTY) the chances are good that the trend will continue after the pullback. From there, two versions of a 13-countdown are possible; Sequential and Combo. A 'price flip' after a 13-countdown confirms the reversal. The Shanghai Comp, Hang Seng and ASX all generated 13's on June 24, around the bottom. The Nifty bottom in August was choppier, but never closed below the risk levels of 5089 and 5032.

 

[timepass]

I would be overjoyed if someone came up with a Combo AFL for AmiBroker.

You will find some related AFL here on traderji itself, maybe in this thread. I neither use Amibroker nor TDST, but I remember that Smart_trade posted something about it somewhere here.

 

[nirav_j]

I would be overjoyed if someone came up with a Combo AFL for AmiBroker.

Me too

None of the TD Sequential AFLs available across the web plot the "13" which shows up on your bloomberg charts.

Guess for the time being, gotta make do with Eyeball Mk.1