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TA Challenge: How to identify the turning point with TDS 9?
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Meta Moo joined discussion · Feb 20, 2023 00:44

Mooers' Strategies: Become a master of TD Sequential 9 indicator

Hi, mooers!
Welcome back to "Mooers' Strategies"! In the latest Technical Analysis Challenge event, we introduced the Tom Demark Sequential 9 (TDS 9) indicator. Glad to see that many mooers have learned to use the indicator on moomoo and posted informative analyses and shared their thoughts. Good job!
Today, we have compiled a selection of content by mooers that may help you build your own strategy with TDS 9. Let's take a look together!
Mooers' Strategies: Become a master of TD Sequential 9 indicator
1. What are mooers' impressions of TDS 9?
"A good indicator for me to avoid a FOMO trade" -- @EYSY
"Potential useful for a quick overview of historical data" -- @anchovy3
"Works well on various time frames...a useful tool to manage risk." -- @HereForTheTrades
"When there is huge uncertainty and macro shift, it seems to perform horribly." -- @doctorpot1
2. What are the best uses of TDS 9?
In a stable market -- @doctorpot1:
"TDS 9 might be a good tool to use when the market is stable, but when there is huge uncertainty and a macro shift, it seems to perform horribly. Tested it out on $Hang Seng Index (800000.HK)$,  and it seems to work OK, but it stopped working when the Chinese bear market caused by political policies kicked in."   View full post >>
Mooers' Strategies: Become a master of TD Sequential 9 indicator
For index stocks -- @EYSY:
"I feel TDS 9 is more accurate to use on the index than individual stocks. In $S&P 500 Index (.SPX.US)$(quite accurate), it managed to identify the bottoms and tops a few times in early Sep, and late Sep, and late Oct."  
View full post >>
Mooers' Strategies: Become a master of TD Sequential 9 indicator
3. How do mooers use TDS 9 effectively?
The first, the best -- @Kenneth-CJ:
"In the process of a strong rise (fall) of stock price, a 9-up (down) structure may be formed continuously. At this time, the use strategy of magic nine turns should be changed, and the first up (down) 9 structure should be regarded as a signal to strengthen the market start (down)."  View full post >>
A little RSI might help -- @Graddox:
"I find that when pairing nine with Volume and RSI11, it gives fairly reliable signals during the slower market hours. E.g. East Coast lunchtime. Note how the rising 9 ending at 12:30 has declining volume, yet RSI continues to climb. Similarly, the 13:00 falling 9 sees a volume spike and sudden decline as the RSI11 recovers from extremely oversold levels. This is also a great example showing that recovery doesn't always mean rebound back up, watch for consolidation without breaking the top of #8, it's likely leading to further price declines." View full post >>
Mooers' Strategies: Become a master of TD Sequential 9 indicator
The Awards
Investors who want to use technical analysis indicators to improve their investment decisions must find the proper methods. Normally, these methods can only be acquired from repeated practice. Fortunately, many mooers in the moomoo community have selflessly shared their knowledge with us.
Hats off to @steady Pom pipi @doctorpot1 @EYSY @Graddox @anchovy3 and @CasualInvestor for posting and interpreting analytical charts! Each of them will be awarded a $5 stock cash coupon! All mooers who posted a TDS 9 sequence chart will receive 88 points!
Want to learn more about TDS 9? You can still join the #TA Challenge: How to identify the turning point with TDS 9 to post your thoughts and discuss with other mooers. See you soon at our next TA challenge event!
Disclaimer:
This presentation discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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Meta Moo
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