TD SEQ and Combo Signal Watcher | Forex Factory

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TD SEQ and Combo Signal Watcher

  • #1
  • First Post: Edited 11:40am Oct 26, 2006 10:59am | Edited 11:40am
This thread will be where we discuss the TD-SEQ and Combo signals. You may post your chart and anlysis why or why not the signal should be taken here.

TD-SEQ and Combo are indicators developed by Thomas Demark to signal trend reversals. It's not holy grail but we did see many successful signals. Successful rate? that's part of the purpose for this thread --- we will find it out here. We also want to find out that if there are some discretion can be applied to filter this signals, this is where we need those experienced traders' participation. Nobody is right all the time, by sharing your views here your discretion will be reviewed by others and may learn something you were missing.

In EA Factory thread we developed a couple of versions of TD-Seq indicators and they are very close to mature. The different versions was the result of unorganized development in the early stage but will be more organized later. You may choose whichever version that you feel comfortable with.

TD-Combo is supposed to be more accurate than TD-Seq and is under development. Once it's released we will also discuss its's signal here in this thread.

Pips to everyone!

aha
Target: Trading naked.
  • #2
  • Oct 26, 2006 11:07am Oct 26, 2006 11:07am
Here is my latest version: 0.5

I suggest that we only share the source codes among limited developers, not to public, just in case big fishes in the market will hack it and chase our stops.
Attached File(s)
File Type: zip TD_AHA Trend Reversal 0_5.zip   25 KB | 5,363 downloads
Target: Trading naked.
  • #3
  • Edited 2:51pm Oct 26, 2006 11:36am | Edited 2:51pm
i wouldnt worry about it. they already have their own TD Sequential indicators already tested and ready
  • #4
  • Oct 26, 2006 11:46am Oct 26, 2006 11:46am
Quoting clam61
i wouldnt worry about it. im sure big fish already have their own indicators which they have put through rigorous testing
If I am not mistaken in one of currency trader article about TD sequence, they mentioned that this system is quite famous to be used by professional. I thought professional is same as big fish. Am I right??
  • #5
  • Oct 26, 2006 1:22pm Oct 26, 2006 1:22pm
Quoting turin0107
If I am not mistaken in one of currency trader article about TD sequence, they mentioned that this system is quite famous to be used by professional. I thought professional is same as big fish. Am I right??
it's about big fishes that use MT4. The PRO use BB, CQG blah blah...... which have already implemented TDSEQ and other TD indicators. For MT4, there is only Demarker I indicator implemented by default
The trend isyour friend untilis about to end...
  • #6
  • Oct 27, 2006 4:06am Oct 27, 2006 4:06am
Quoting aha
This thread will be where we discuss the TD-SEQ and Combo signals. You may post your chart and anlysis why or why not the signal should be taken here.

TD-SEQ and Combo are indicators developed by Thomas Demark to signal trend reversals. It's not holy grail but we did see many successful signals. Successful rate? that's part of the purpose for this thread --- we will find it out here. We also want to find out that if there are some discretion can be applied to filter this signals, this is where we need those experienced traders' participation. Nobody is right all the time, by sharing your views here your discretion will be reviewed by others and may learn something you were missing.

In EA Factory thread we developed a couple of versions of TD-Seq indicators and they are very close to mature. The different versions was the result of unorganized development in the early stage but will be more organized later. You may choose whichever version that you feel comfortable with.

TD-Combo is supposed to be more accurate than TD-Seq and is under development. Once it's released we will also discuss its's signal here in this thread.

Pips to everyone!

aha
Hi aha

What time frame do you mostly use this indicator, or in other words what is the best time frame, is there any stats?

Originally it was designed for dailies, but that was for stocks.

Thanks a lot for it anyway

Regards

howard
Regards
  • #7
  • Oct 27, 2006 5:59am Oct 27, 2006 5:59am
4H and daily, sometimes I go down to 1H for confirmation and better entry.

TD said it may even work at 1M, but I don't know. This is why we have this thread, .
Target: Trading naked.
  • #8
  • Oct 27, 2006 6:23am Oct 27, 2006 6:23am
Ok, I will start first. But please join me by posting charts and analysis. Everybody has the unqiue view and we can all benefit if we learn from each other.

I should post charts and analysis about what's going to happen instead of what's already happened. But this time as a starter I will post what just happened in fiber.
The perfect setup (indicator by the large arrow) completes at a place close to the supply line, showing that the upward momentum was weaken. Then the price proceed to the trend line and retraced to EMA 365.
Attached Image
Target: Trading naked.
  • #9
  • Oct 27, 2006 6:35am Oct 27, 2006 6:35am
Setups always complete at the pairs that you were not watching... I missed this one, even I have email alert turned on. Could be a 30 pips retracement.

Perfect setup completes at a place close to 50 fibo level, unfortunately EMA150 limited the size of retracement.
Attached Image
Target: Trading naked.
  • #10
  • Oct 27, 2006 9:57am Oct 27, 2006 9:57am
For people don't know about coding, it doesn't matter to have source or binary. So I agree than we keep the source by ourselves, just in case.
Quoting clam61
i wouldnt worry about it. they already have their own TD Sequential indicators already tested and ready
  • #11
  • Oct 28, 2006 5:14am Oct 28, 2006 5:14am
hi guys

ive downloaded Aha's latest version and i can see the benefit of this system however just quickly scanning back through a couple of months worth of charts i can see many occasions when this indicator gets it seriously wrong.

for example on my H1 eur/usd chart the indicator gave a perfected countdown buy signal on Oct 5th at roughly 1.2675. 5 days later the price was 1.2515.

however i decided to overlay the chart with the absolute strength indicator using 0 7 7 4 0 1 4 settings and if you didn't take a trade unless the histogram agreed i think your accuracy would be improved.

personally i dont trade euro dollar either. choppy, daytraded and to many bots for my liking. i am going to thoroughly test this system on cable and swissie only.

i'll post some charts later as pictures are better than my babbling lol

pip blessings to you all.

SC

btw i havent managed to find setting for the strength histogram that im happy with on a TF longer than H1. it lags too far behind 4H and daily and a good trade could be over before the histogram agreed with the setup.
  • #12
  • Oct 28, 2006 7:15am Oct 28, 2006 7:15am
Quoting aha
Here is my latest version: 0.5

I suggest that we only share the source codes among limited developers, not to public, just in case big fishes in the market will hack it and chase our stops.
Hmmm ... what dollar lots (1, 2, 10, 20 or more) do you trade to be concerned about the big fishes?

Trust me, you would do yourself a much larger favour not publishing your SL on any particular order and monitor it seperatelly and have the discipline to cut it when the time/price arrives.

The big fish are usually out hunting for other big fish of comparable size to actually make it worth their while.

Anyway, I'd like to test this thing out, but would like to see the source code. Care to PM it to me?
Just my 2 pips worth
  • #13
  • Oct 28, 2006 7:34am Oct 28, 2006 7:34am
sell signal given on 26/10/06 circled in yellow. the ASH shows growing bull trend and would have kept you from making a mistake here

SC
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  • #14
  • Oct 28, 2006 7:46am Oct 28, 2006 7:46am
sell signal 5pm 04/10/06. wait until ASH turns red and take the trade the next morning with more confidence and no overnight interest?
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  • #15
  • Oct 28, 2006 7:57am Oct 28, 2006 7:57am
another false signal filtered?
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  • #16
  • Oct 28, 2006 8:05am Oct 28, 2006 8:05am
not a good place to go short.

anyway thats enough from me, it's just an idea but seems to work ok. what do you guys think?

SC
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  • #17
  • Oct 28, 2006 8:59am Oct 28, 2006 8:59am
couldn't resist 1 more.

TD seq gives long signal at 7pm on 17/08/06. ASH confirms the trend change 4 days later in the early hours of the 22nd. would you still have have gone long after that much action had passed?

you'd have been in the pips if you did lol.

SC
Attached Image
  • #18
  • Oct 28, 2006 10:07am Oct 28, 2006 10:07am
Wow! Thanks, Soul_Cactus. I am not familiar with the absolute strength histogram indicatr so I can't comment on that, but using them to confirm with each other may be a good idea. Keep those ideas coming!

Yes, I don't think TD-Seq is the holy grail and I don't use it as the sole indicator for entry. Keep in mind that TD-Seq is a developed to signal trend reversals before the anticipated price action, not a trend follower. That's high risk/gain business, so inevitably there will be false signals.

What I learned is that if I use it along with major resistance/support level, it can give me an idea if the price action have the strength to penetrate these levels, or retreat briefly, or will turn around in front of them.

The purpose of this thread is to share our insights on how to utilize the edge this indicator gives to us. The more we share, that better we may improve ourselves.
Target: Trading naked.
  • #19
  • Oct 28, 2006 9:29pm Oct 28, 2006 9:29pm
Quoting soul cactus
couldn't resist 1 more.

TD seq gives long signal at 7pm on 17/08/06. ASH confirms the trend change 4 days later in the early hours of the 22nd. would you still have have gone long after that much action had passed?

you'd have been in the pips if you did lol.

SC
Soul,
TD Seq is mainly look for reversal..so if the market is trending best not to put ur $$ on it. Like most indicators its not the grail...but will help in our decision if we use it with price action and knowledge of the market. To use TD sq in 1hr chart, u have to be nimble as there be lots of false signals. I perfer 4Hr charting. And i notice it seems to work better in certain pairs, not sure if its true...as i still observing and studying it. When its clear will post the results here.

cheers


Cheers
  • #20
  • Oct 28, 2006 10:28pm Oct 28, 2006 10:28pm
The attached is Cable daily charts. In this year, the daily chart gives only 5 signals. On hindsight it's always easy to spot ture or fake signals. But they can be used as an example to show how we should appy discretionary.

The first signal (not a perfect one, notice that the arrow is smaller) is a fake one because the price just crossed EMA 365 successfully. The chance is it won't recross back on it's first attemp (otherwise it won't succeed on crossing it in the first place).

The second one wouldn't be too tough to call. Because the price is close to 9000 level.

The third signal is also a free trade. First attemp on crossing EMA 150 plus a trend reversal signal from TD-SEQ? you know what to do.

The 4th one is similar to the 2nd one.

The 5th one is a tough call. When the signal comes, the price bar is actually at around 8900 level. If we jump in we will get burned. But what's the reason not to jump in? I don't know. For me I may have jumped in because the price just formed a double top, it's retraceing back to retest the bottom of the double top pattern, there is a chance it will fail and the price will go down like a stone. At that situation if I got a signal from TD-SEQ, I will jump in....unless the price has broken the bottom of the double top pattern.
Attached Image
Target: Trading naked.
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