![]() TD Sequential Buy for Semiconductor Holders Trust.Breakouts of Terra Nitrogen (TNH) and Jinpan Inter. ![]() Larry Pesavento Predicts Worst Bear Market in 10-1.In my next posts, I will explain how you can employ several indicators in the BTCUSD trading. I explained other DeMark's analytical tools and their practical application to cryptocurrency trading in my previous articles. S&P 500 and Dow 30 Break TD Sequential Stop Loss P. The more TD indicators you apply, the more accurate will be you forecasts, and so, you will have more winning trades.This is a trade.repeat, this is only a trade.If not, do not hesitate to ask a follow-up question. The cool thing about DeMark is that he has already run into and analyzed just about every issue that one might face when using TD Sequential. The stop loss is now triggered by a close below 26.48. The day after the original post it perfected the TD Sequential buy signal. It shows the price action of Dec 96 Gold and displays many of the details explained above. If you happen to have DeMark's book, look to Figure 2.10. This was confirmed when there was confirmed break below the red TDST sell setup line. The second reason why I ignored the TD Seq sell setup is because there was no obvious continuation of the upward trend that should follow a real TD Seq sell setup. How true this turned out to be when the Cisco came out with earnings and warned about slowing US sales the day after the failed TDST breakout. Quoting DeMark again, "It is possible that the forces of supply and demand may have been been in disequilibrium the previous trading day and, as a result, the closing price may have misrepresented the true dynamics of the market at the time of the market's close." However, it did not record a higher high on Nov 7th, thus nullifying the TDST breakout. Quoting from New Market Timing Techniques, "to confirm a TDST upside breakout indication, first of all, the opening price on the trading day following a TDST breakout must NOT record a gap downside, and the high on the day following the TDST breakout MUST BE succeeded by a higher high." As you can see on the chart above, CSCO closed above the TDST buy line on Nov 6th and did not gap down on the following day. Instead of just replying, I decided to dedicate an entire post to the question because it points out a common occurrence in TD Sequential analysis and highlights the importance of using all of Tom DeMarks techniques.īasically the question was, shouldn't the TD buy setup be ignored because it was followed by another TD sell setup? In most cases this would be true, but the CSCO chart is an excellent example of when one should ignore a setup.įirst, there has to be a confirmed break above the intraday true high of the buy setup for the preceding setup to be voided. A reader just left a comment asking me about the TD Sequential buy signal I posted for Cisco. ![]()
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