DislikedIgnored
tom demark trendlines 2 replies
Auto pivots/Tom DeMark trendlines 1 reply
Mouteki/Demark Trendlines 18 replies
Anyone following Tom DeMark's methods? 2 replies
Is there a lvl2 Tom DeMark points indicator 15 replies
DislikedIgnored
Dislikedi'm not quite sure if the low on the left is really a low (2 to the left, two to the right)Ignored
DislikedI think that pure DeMarkism would disqualify the red trend line you have drawn.
It is violated by the high of the bar following the last fractal that it is drawn to.
I can't quote chapter and verse of DeMark's book that says that, but its in there somewhere.
If I get a chance, I'll try to find it.Ignored
DislikedI think you're referring to pg 15, middle paragraph (see fig 1.9) in which he says if the CLOSE immediately following a pivot is above or below the trendline, the TL is not invalid, but suspect. In the chart above, the high does break the TL, but it's not a close.
I just got the book last week. It's interesting and I think it'll help with timing issues.Ignored
DislikedI think you're referring to pg 15, middle paragraph (see fig 1.9) in which he says if the CLOSE immediately following a pivot is above or below the trendline, the TL is not invalid, but suspect. In the chart above, the high does break the TL, but it's not a close.
I just got the book last week. It's interesting and I think it'll help with timing issues.Ignored
Dislikedanyone here used TD T'L's? they are over 70% (closer to 90) accurate with breakouts.Ignored
DislikedCan anyone explain the difference between Mouteki and TDMTL ( I know TDM invented these but I mean implementation differences)
thanks again :-)Ignored
QuoteDisliked"Rather than sell an intraday breakout below a TD Demand line which is not qualified, one would actually buy the false breakout. Whether the trader should take the breakout signal or fade that signal is determined by four qualifiers. Meeting any one of the following four qualifiers validates the TD Line and enables a trader to enter intrabar price breakouts in a trending market. If none of the qualifiers are met, however, then any intrabar price breakout is invalid and indicates that one should trade against the trend. The latter situation provides an ideal time to enter the option market in anticipation of a trend reversal."