[foggyTrader]

Hello Everyone,

The reason I am starting this thread is because I thought it was about time we had a serious Demark trading thread. I have noticed several threads using the Demark method however to my surprise they have never taken off. The DeMark method offers opportunities on any timeframe or pair and can give risk as low as 12 pips for GBPUSD as was the case today on the 5 minute chart.

Going on past experiences I have found that using DeMark TDST setups works best when you have a longer-term view. For example, let say there was a daily bullish thrust on GBPUSD, the following day you would look to buy on a failure of a TDST support levels formed on a lower timeframe. I will try to also post my longer-term views and when I am looking for certain situations to develop. Please feel free to do the same.

Below is the rules on how I trade the DeMark Method, please just flip all of the below for a buy situation:

TDST Bounce Sell Conditions

Step One:
The formation of a 9 count downtrend exhaustion sequence and TDST resistance level

Step Two:
A retracement, touch and failure at the TDST resistance level*

Step Three:
Upon the closure of TDST resistance touch candle the chart will display the recommended number of lots

Step Four:
Press ctrl + S accordingly to open the number of lots specified**

Step Five:
a)Initial target should be placed at the closest TDST support level
b)If there is the formation of a 9 count downtrend exhaustion sequence the stoploss should be moved to the high of the 9th bar.

*Please note, once the touch candle has been established and orders have been placed they should only be cancelled if we get a close above the high of the touch candles high. Trades can be cancelled by using the TDCOUNT cancel script

**Please note, by pressing ctrl + S (you set the hotkey to whatever) the script will automatically calculate the entry and stoploss and open 0.1 lots per time and you will be shown how many lots you can risk on the right hand side of the chart. So you can just repeat until the desired number of lots have been placed


I have attached the indicators, scripts and my template file along with a picture of the perfect set-up and an order cancelation situation. In the next post I will post some more scenarios to help people understand it a bit more.

Please feel free to ask any questions, I am here to help.


Cheers
Foggytrader

[foggyTrader]

Below is a step by step guide on a buy setup:








Cheers

Foggytrader

[Petar_Serbia]

Wish you all best and good thread i dont know much about Demark but i will learn on this thread....I always learn something about Forex...

[foggyTrader]

Below is a step by step guide to a sell setup:








Cheers

Foggytrader

[foggyTrader]

Originally Posted by Petar_Serbia

Wish you all best and good thread i dont know much about Demark but i will learn on this thread....I always learn something about Forex...

Thanks Petar, hopefully lots of people will get involved!

Cheers
Foggytrader

[cuddlebum]

Originally Posted by foggyTrader

Hello Everyone,...

What does TDST stand for?

[foggyTrader]

Originally Posted by cuddlebum

What does TDST stand for?

Mr DeMark refers to TDST as T (Tom) D (DeMark) S (Setup) T (Trend). After a TD Buy setup has formed the high of the first bar in the sequence is the TDST and considered to be the market resistance level, it is where the momentum began to accelerate. The opposite applies after a TD sell setup has formed the low of the first bar in the sequence is the TDST support level.
Cheers
Foggytrader

[hensch]

Foggytrader, very interesting thread. I'm studying your posts right now.

Keep up the good work.

Henry

[foggyTrader]

For anyone wishing to try the indicator, here's a little more about it. When you load up the template, push ctrl i and click to edit the TD Count file. Click on "show data" true. You will then get the information shown in the picture below. The default is set to 1% of your account.

Cheers
Foggytrader

[hensch]

Foggytrader, I'm still getting around all the posted info, but I placed your template and indicators on the charts and this is what I see:

First chart took a clear tarde according to rules right?





Question on this randomly picked chart. Why did the indicator plot the lines and arrow on that bar? is that a valid set up?

[foggyTrader]

Below I have attached the current situation ( in my opinion ) for GBPUSD and how you can utilise the DeMark method to go with the trend for low risk.

Since removing the upper BAT resistance on the weekly chart back in the first week of August GBPUSD has been Bullish on the weekly timeframe. What I look for after that is for the market to retrace somewhat (perhaps 50%, but a minimum of 25%) and make some bearish thrust bars. When we get a close above the bearish thrusts high that is the trigger and I would look to buy that level and then buy any corrections there after. So how am I going to do that? Well, it is a weekly chart and I am a small trader so the risk is too high. This is where DeMark comes in. When we get these condition and approach these levels I will drop down a few timeframes and get in with a lower risk.

Now, as you will see below, the daily resistance has also been broken recently and we have had a close back above the high of the large bearish thrust meaning this market is bullish. As I have illustrated in the pictures below, there is a possible setup there.

I have also attached a setup from earlier today (4th pic). It didn't work out in terms of the longer-term plan but partial profits were booked at the closest TDST resistance level.

[opie999]

Hi, foggy.

Congrats on a great start showcasing TDST. Your chart illustrations look very professional. Clean, clear, and well rendered.

Will you be discussing DeMark's supply/demand lines?

[foggyTrader]

Originally Posted by hensch

Foggytrader, I'm still getting around all the posted info, but I placed your template and indicators on the charts and this is what I see:

First chart took a clear tarde according to rules right?

Sorry, I forgot to explain. There is a history function in the indicator. The blue arrow can be moved to the bottom of any candle and the info i.e. risk entry etc will be shown on hte left hand side of the screen. Just press ctrl i and edit the TD Count file and set the history to false and the blue arrow will go.

Cheers
Foggytrader

[foggyTrader]

Originally Posted by opie999

Hi, foggy.

Congrats on a great start showcasing TDST. Your chart illustrations look very professional. Clean, clear, and well rendered.

Will you be discussing DeMark's supply/demand lines?

Thanks Opie,

So far I just stick to trading the failures of the TDST levels plus another way which I will explain later.

I forgot to also mention that I put a number below each TDST line as I view number 1 sequences as the most significant.

Cheers
Foggytrader

[foggyTrader]

I took this trade in USDCAD earlier today as I am already long USDCAD as the daily chart shows. Not looking great now but we will see. Nice 5 minute entry though.

Cheers
Foggytrader