Thomas DeMark Sequential System

[rkkarnani]

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

By clicking the Insert Image icon you can display the Image :

 

[Smart_trade]

Apollo Tyres made a high of 116.55 on NSE today. Coming close to the target of 120-125.

Smart_trade

 

[trade4joisar]

Wipro sell setup in place, 8th candle completed

Is this marking is correct?

What after 9th candle is completed, can be shorted immediately or wait for any signal ?
If wait for signal , what it will be?

Similar setup is there for TCS.

ST sir,

Can you please share your thoughts on this?

 

[Smart_trade]

Wipro sell setup in place, 8th candle completed

Is this marking is correct?

What after 9th candle is completed, can be shorted immediately or wait for any signal ?
If wait for signal , what it will be?

Similar setup is there for TCS.

ST sir,

Can you please share your thoughts on this?

T4J,

On your chart I see one more sell set up (starting from early Dec 2013) and the set up which you marked. We have to let the current set up complete and see which set up will be a operative set up depending on lengths of these set ups.

Completion of 9 set up bars is not a sell signal. There is a next stage of countdown which must complete before a sell signal.

Smart_trade

 

[forexsolution4u2013]

Hi RkKarnani
I am interestested in your tdsequintial upper chart can you post me the afl .thanks in advance

 

[trade4joisar]

T4J,

On your chart I see one more sell set up (starting from early Dec 2013) and the set up which you marked. We have to let the current set up complete and see which set up will be a operative set up depending on lengths of these set ups.

Completion of 9 set up bars is not a sell signal. There is a next stage of countdown which must complete before a sell signal.

Smart_trade

Hello ST sir,

Whenever you get time, can you please explain with Wipro about things that you said above?

2 sell setup can go hand in hand?

Sorry for my limited knowledge and unable to understand TDST in depth.

 

[mastermind007]

SmartTrade, T4J

WIPRO is not at setup count 8, but is at countdown 7 after having completed setup on 12 December.

Circles are Setup count 1-8. 9 is Setup Count 9. Hollow squares are countdowns 1-12. Solid Square is Countdown 13. Triangle is most aggressive short entry. down arrow is intermediate short entry and white down arrow on red background is safest short entry (after the peak)

 

[trade4joisar]

SmartTrade, T4J

WIPRO is not at setup count 8, but is at countdown 7 after having completed setup on 12 December.

Circles are Setup count 1-8. 9 is Setup Count 9. Hollow squares are countdowns 1-12. Solid Square is Countdown 13. Triangle is most aggressive short entry. down arrow is intermediate short entry and white down arrow on red background is safest short entry (after the peak)

In Sell/buy setup, we count for 9 consecutive candles with not breaking low/high of previous 4th candle right ?

Am i missing something important here ?

It will be great if somebody explain with wipro chart which is live, easy to understand (i read TDST details (not full) but seems i am mixing too many details here )

 

[Smart_trade]

In Sell/buy setup, we count for 9 consecutive candles with not breaking low/high of previous 4th candle right ?

Am i missing something important here ?

It will be great if somebody explain with wipro chart which is live, easy to understand (i read TDST details (not full) but seems i am mixing too many details here )

Nope, in sell set up we look for 9 consecutive bars where close is more than close 4 bars ago.

My Interactive Brokers charts not working today as it is a holiday for IB , but will see the Wipro chart tomorrow and give my views. But from the others chart I feel that Wipro has finished sell set up 9 bars around 10-12 of Dec( in fact from the chart it looks that the sell set up is still continuing as there is no price flip) and we are in countdown phase . We are in 7/8 countdown stage ( as pointed out by mastermind007) .

Smart_trade

 

[trade4joisar]

Nope, in sell set up we look for 9 consecutive bars where close is more than close 4 bars ago.

My Interactive Brokers charts not working today as it is a holiday for IB , but will see the Wipro chart tomorrow and give my views. But from the others chart I feel that Wipro has finished sell set up 9 bars around 10-12 of Dec( in fact from the chart it looks that the sell set up is still continuing as there is no price flip) and we are in countdown phase . We are in 7/8 countdown stage ( as pointed out by mastermind007) .

Smart_trade

Hello ST sir,

Actually i was my typo mistake (my bad), i was referring to same i.e. close should be more than 4 bars ago.

So on 17th Dec, we had a close < 4 bars ago and immediately on 18th we had close > 4 bars ago, this means sell setup is initialized.

So if i count from 19th Dec, then today was 9th day, but may be i have missed. And i was expecting for intersection (i.e. low will be same as of 4th bar ago) on 7/8/9 bar, did not happened so may be tomorrow ?

So as per TDST, this is power of 9 and now we will have 13 countdown (not necessary consecutive) where high is > 2 bars ago and then 13 bar close above 6th bar close. Once this is done we will get top price to short.

If this is right, is there any chance that 13 countdown fails ?

I am bothering you with my questions (may be silly .