Thomas DeMark Sequential System
- Thread starter leo_3455
- Start date
NIFTY INTRA DAY
13 Feb
Disclaimer : These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.Consult your financial advisor only before you trade.
CNX NIFTY 6,001.10 -82.90 -1.36 %
Nifty 15 min chart is depicted below.It has completed a TD Combo 13sell signal on 15 minute chart, which was the reason of fall today.Also it has completed a buy setup and TD Combo buy.One can go long above 6007, provided the high of 15 minute bar is not below 5976.(Warning : I am discussing about 15 min bar / candle and not daily high / low One should use Live charts while trading these setups).Also this is only for intra day trading.
If market opens lower and then crosses 6007 and the high of any 15 min bar ( after it crosses 6007) does not go below, 5976 then it is a valid signal.The moment any 15 min bar high goes below 5976, then stop is triggered.
Do not try this system if you are not well versed with the above mentioned terminology and chart markings.
NIFTY 15 minute Chart
13 Feb
Disclaimer : These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.Consult your financial advisor only before you trade.
CNX NIFTY 6,001.10 -82.90 -1.36 %
Nifty 15 min chart is depicted below.It has completed a TD Combo 13sell signal on 15 minute chart, which was the reason of fall today.Also it has completed a buy setup and TD Combo buy.One can go long above 6007, provided the high of 15 minute bar is not below 5976.(Warning : I am discussing about 15 min bar / candle and not daily high / low One should use Live charts while trading these setups).Also this is only for intra day trading.
If market opens lower and then crosses 6007 and the high of any 15 min bar ( after it crosses 6007) does not go below, 5976 then it is a valid signal.The moment any 15 min bar high goes below 5976, then stop is triggered.
Do not try this system if you are not well versed with the above mentioned terminology and chart markings.
NIFTY 15 minute Chart
Thanks for the reply devdas.......I already have the TD Sequential System.........I've searched a lot for the TD Combo but I havent found it anywhere........does the TSCombo code exist....I have the code with 9 bar count but I dont have the 13 bar count system with me................If u have it, can u please post it here for me........thanks
Hi,
I have a Q regarding TD set up.
In case after 9 consecutive closes less than close 4 bars earlier still price bar after 9(for eg 10-11-12-13 etc consecutive bars after 9) fulfil this condition without giving bullish flip or without going sideway. In such case do we need to wait for price to give bullish flip or stop making consecutive closes post 9 bar to initiated TD countdown?
Kindly clear the doubt.
Regards,
S
I have a Q regarding TD set up.
In case after 9 consecutive closes less than close 4 bars earlier still price bar after 9(for eg 10-11-12-13 etc consecutive bars after 9) fulfil this condition without giving bullish flip or without going sideway. In such case do we need to wait for price to give bullish flip or stop making consecutive closes post 9 bar to initiated TD countdown?
Kindly clear the doubt.
Regards,
S
The set up can continue till we get a flip...so it could be on 10th, 11th,12th or any subsequent bar. Only after the flip the set up is complete. This is required to measure distance travelled by different setups in the event of multiple setups to decide which set up is valid for count down.9 bars are required minimum number for setup...but set up does not end on 9th bar...it continues till flip is obtained.
The countdown can start from earliest 9th bar if we have completed intersection on 8th or 9th set up bar...or any subsequent bar after intersection is completed. So the earliest a countdown can start is from 9th set up bar.
Smart_trade
The countdown can start from earliest 9th bar if we have completed intersection on 8th or 9th set up bar...or any subsequent bar after intersection is completed. So the earliest a countdown can start is from 9th set up bar.
Smart_trade
Hi ST,
Thanks for the prompt reply. The earliest countdown can start from 9th set up bar. But if the set up continue till let say 12th bar. And flip is after 12th bar in such case the countdown may start from 12th bar if it fulfils countdown condition. Am i right in my understanding?
Kindly reply.
Regards,
S
Thanks for the prompt reply. The earliest countdown can start from 9th set up bar. But if the set up continue till let say 12th bar. And flip is after 12th bar in such case the countdown may start from 12th bar if it fulfils countdown condition. Am i right in my understanding?
Kindly reply.
Regards,
S
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