Thomas DeMark Sequential System

[Smart_trade]

This time another chart for crude oil, Unbelievably perfect on on both side of the trend with more than couple of recycling happenings on the way on both the sides.
Probably the key would be not to get too aggressive and wait for the confirmation on 1st candle on the reverse side to appear.

If you follow a qualifier that 11,12 and 13th countdown days should have successively higher / lower closes, then the exact top/bottom are identified.

ST

 

[hauler]

If you follow a qualifier that 11,12 and 13th countdown days should have successively higher / lower closes, then the exact top/bottom are identified.

ST

Thanks ST,
you are awesome as always :thumb:
In case of bottom in this chart which happened on 5h, 8th and 12th of November, this doesn't seem to be the exact case. Please clarify if I am reading something wrong.

 

[Smart_trade]

Thanks ST,
you are awesome as always :thumb:
In case of bottom in this chart which happened on 5h, 8th and 12th of November, this doesn't seem to be the exact case. Please clarify if I am reading something wrong.

It catches the exact lowest point. After 10th countdown day, 11th need to be lower close day than 10, 12 lower close than 11 and 13th lower close than 12th. So after 11 marked in your chart, 12 will not qualify...12th day will be where you have marked 13 and 13 th count down day will be the exact new bottom with close < close of 12th bar.

ST

 

[hauler]

It catches the exact lowest point. After 10th countdown day, 11th need to be lower close day than 10, 12 lower close than 11 and 13th lower close than 12th. So after 11 marked in your chart, 12 will not qualify...12th day will be where you have marked 13 and 13 th count down day will be the exact new bottom with close < close of 12th bar.

ST

Thanks ST again,
that would be really perfect bottom.

 

[trade4joisar]

2nd time nifty 9 countdown failed on 20th Dec, 2013 and Banknifty on 23rd Dec, 2013.

So now there is no TDST in place right either in Nifty/Banknifty?

Please correct me if i am wrong.

 

[mastermind007]

2nd time nifty 9 countdown failed on 20th Dec, 2013 and Banknifty on 23rd Dec, 2013.

So now there is no TDST in place right either in Nifty/Banknifty?

Please correct me if i am wrong.

post charts

 

[trade4joisar]

Nifty (5th candle from current which failed TDST buy setup)

BankNifty (4th candle from current which failed TDST buy setup)

This is as per my view, Please correct me if i am wrong.

 

[mastermind007]

Nifty (5th candle from current which failed TDST buy setup)

BankNifty (4th candle from current which failed TDST buy setup)

This is as per my view, Please correct me if i am wrong.

T4J,

In my system as well as in the Grasfter V 5.9; EOD NIFTY SPOT is at countdown 6 and EOD BANKNIFTY SPOT is at countdown 3.

Charts posted by you show no markings whatsoever of what bar was last bar that was correctly accounted for cannot be pin pointed.

 

[mastermind007]

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[TopGearTrades]

I am limited on the quota of storage so the NIFTY and CNXBANK charts from Bloomberg are posted here:

http://imgur.com/Ayui9mL,P0w8mxx#0