anyone here used TD T'L's? they are over 70% (closer to 90) accurate with breakouts.

using TD TL can profit on all timeframes down to 15M. scalpers and long term traders can profit from this. Also, u might not wait on a break of a TL but can trade its bounce i.e: the price is bouncing inside a triangle drawn by TD TL.

here is a picture of the bounces:

http://i11.tinypic.com/47mb0ar.gif

and here is a picture of a breakout:

http://i16.tinypic.com/29dy9mt.gif

notice how the last bar before breakout closed higher (breakout qualifier)

here are the breakout qualifiers:

Qualifier 1: The price bar prior to an upside breakout must be a down close.

Qualifier 2: The current price bar’s open must be greater than both the current TD Supply Line and the

previous price bar’s close and must then trade at least one tick higher.

Qualifier 3: The previous price bar’s close plus the previous bar’s “buying pressure” must be below the current

price bar’s TD Supply Line price level.

Qualifier 4: The current price bar’s open must be above both the previous two price bars’ closes, and the

current price bar’s TD Supply Line must be above the previous price bar’s high.

Qualifier 2: The current price bar’s open must be less than both the current TD Demand Line and the previous

price bar’s close and must then trade at least one tick lower.

Qualifier 3: The previous price close minus the previous bar’s “selling pressure” must be above the current

price bar’s TD Demand Line price level.

Qualifier 4: The current price bar’s open must be below both the previous two price bars’ closes, and the

current price bar’s TD Demand Line must be below the previous price bar’s low.

TD TL Indicator

using TD TL can profit on all timeframes down to 15M. scalpers and long term traders can profit from this. Also, u might not wait on a break of a TL but can trade its bounce i.e: the price is bouncing inside a triangle drawn by TD TL.

here is a picture of the bounces:

http://i11.tinypic.com/47mb0ar.gif

and here is a picture of a breakout:

http://i16.tinypic.com/29dy9mt.gif

notice how the last bar before breakout closed higher (breakout qualifier)

here are the breakout qualifiers:

**Upside breakout qualifiers**Qualifier 1: The price bar prior to an upside breakout must be a down close.

Qualifier 2: The current price bar’s open must be greater than both the current TD Supply Line and the

previous price bar’s close and must then trade at least one tick higher.

Qualifier 3: The previous price bar’s close plus the previous bar’s “buying pressure” must be below the current

price bar’s TD Supply Line price level.

Qualifier 4: The current price bar’s open must be above both the previous two price bars’ closes, and the

current price bar’s TD Supply Line must be above the previous price bar’s high.

**Downside breakout qualifiers**

Qualifier 1: The price bar prior to a downside breakout must be an up close.Qualifier 2: The current price bar’s open must be less than both the current TD Demand Line and the previous

price bar’s close and must then trade at least one tick lower.

Qualifier 3: The previous price close minus the previous bar’s “selling pressure” must be above the current

price bar’s TD Demand Line price level.

Qualifier 4: The current price bar’s open must be below both the previous two price bars’ closes, and the

current price bar’s TD Demand Line must be below the previous price bar’s low.

TD TL Indicator

Attached File

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