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Tom demark Trendlines

  • #41
  • Aug 21, 2007 11:12am Aug 21, 2007 11:12am
A question for anyone who has "Market Timing"--page 163, Figure 4.1 -- can anyone tell me why there is no TD Line drawn between the lows of Feb 9 (the level 1 line) and Jan 22 (the level 3 line)? It would seem that after the close on Feb 10, the Feb 9 point would have been established, and at that point the lower TD Point to the left of Feb 9 would have been the Jan 22 low. Then, on Feb 12, the big down bar (the level 12 point) would have been a qualified breakout (qualifiers 1 and 3) to the downside. Of course, then it would have hugely failed as the next big bullish bar would have taken out any stops.

Anyone with this book, can you verify my logic, or tell me why I'm wrong?
  • #42
  • Dec 8, 2007 8:31pm Dec 8, 2007 8:31pm
Better late then never, I guess?

The reason a TD Demand line wasn't drawn on those dates is: In DeMark on Daytrading Options (might also be in his other 2 books, found it easier in this one though) he says "If the previous TD Demand line was exceeded to the downside (on qualified basis) the TD Line remains on the chart and a new TD Demand is added; if the previous line was not exceeded, the TD Demand Line is simply redrawn.

Also the chart you posted previously was a qualified breakout by using the #4 qualifier = Open less than previous 2 bars closes and TD Demand is below previous bar's low.

When it comes to Tom DeMark's techniques, he really get you .
  • #43
  • Dec 8, 2007 11:17pm Dec 8, 2007 11:17pm
Quoting Mr demark
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:

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
Hammm Excellent trading style i like it just because im also a technical trader and like to use 4-Hour chart with the help of All kind of trendlines , Channels , PP and some time Support & Resistance Also You got the Good Stuff Man!!! Carry On
" My Name Is PipMachine "
  • #44
  • Oct 17, 2008 3:10pm Oct 17, 2008 3:10pm
Quoting hany mohssen
Hi Demark

great job and nice thread i,m new for Demark trend line but i noticed that my demark indicator is diffrent from yours !! whos better


could u explain wht is the information on the left of the chart

Level,BREAK QUALFICTOR,false,source


I use 4 Hr should i enter postion when the candle break the trendline or i should waite till the 4hr candle close above the trend in buy(red trend) and below it in sell(dark blue trend)

regards
hi hany

I have been looking at your demark indicator and its pretty good actually... Im going to observe it for a while to see what all the notes on the top left mean.

Was there a manual or an explanation with this indicator?

thanks
  • #45
  • Oct 17, 2008 5:10pm Oct 17, 2008 5:10pm
Quoting dfxclub
hi hany

I have been looking at your demark indicator and its pretty good actually... Im going to observe it for a while to see what all the notes on the top left mean.

Was there a manual or an explanation with this indicator?

thanks
that post is over 15 months old, and so is this thread. It's dead! Hany's still around but he's on other threads now.
  • #46
  • Oct 17, 2008 11:28pm Oct 17, 2008 11:28pm
So noone uses Demark anymore ?


best regards
  • #47
  • Oct 18, 2008 7:09am Oct 18, 2008 7:09am
Quoting Flamenco143
that post is over 15 months old, and so is this thread. It's dead! Hany's still around but he's on other threads now.
wow I didnt realise the dates bugger.
  • #48
  • Oct 18, 2008 9:10am Oct 18, 2008 9:10am
Quoting jgadefelth
So noone uses Demark anymore ?


best regards
Yes I do use DeMark TD Trendlines. "DeMark" is a person and he has developed multiple trade techniques besides TD Trendlines. I use many of these such as his most well known TD Sequential. If you have a particular question ask away. Otherwise he has written 3 different books so if you really want to learn to trade using TD T/Lines or any of his other techniques comprehensively, I would suggest you pick up one of his books on Amazon or elsewhere.
  • #49
  • Oct 18, 2008 10:12am Oct 18, 2008 10:12am
Suntrader that is my little problem i need to clear things out i have started reading in The New Science Of Technical Analysis but i dont understand some of it and now i need to ask someone that does understand it what the book means Maby you can help me ?


best regards
  • #50
  • Oct 18, 2008 10:54am Oct 18, 2008 10:54am
Quoting jgadefelth
Suntrader that is my little problem i need to clear things out i have started reading in The New Science Of Technical Analysis but i dont understand some of it and now i need to ask someone that does understand it what the book means Maby you can help me ?


best regards
Yes go right ahead, what is your question(s)?
  • #51
  • Oct 18, 2008 2:24pm Oct 18, 2008 2:24pm
Weel it is several i think but i start with one. How do i come up with X in when i shall calculate the Z? in the price projection



best regards
  • #52
  • Oct 18, 2008 5:10pm Oct 18, 2008 5:10pm
OK, here is a chart of UJ 4hour. The green TD trendline was not qualified so you can disregard it. The red TD trendline was since the breakout (at point C) there was a down close on the bar before the break. To project possible targets you take the lowest low below the trendline (point A) , in this case since move is up, and subtract from the point immediately above on the trendline (point B) which would be 101.397 - 97.893 then this is added to breakout point at C or 101.00

It turns out the full target 100% came up short, 50% was the way to go. Half a loaf is better than none.

Note also on bottom of chart (point A) was a TD Sequential buy signal which kind of reinforces trendline break.

HTH
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.PNG Size: 34 KB
  • #53
  • Oct 19, 2008 2:09am Oct 19, 2008 2:09am
Thank You Suntrader i shall read up some and come back. What do you think of Sequential what i have seen so far in metatrader im no so impressed, but i have not read about it yet. Also what of Demarks science do you prefer to use in you trading ?


best regards
  • #54
  • Oct 19, 2008 7:24pm Oct 19, 2008 7:24pm
Quoting jgadefelth
Thank You Suntrader i shall read up some and come back. What do you think of Sequential what i have seen so far in metatrader im no so impressed, but i have not read about it yet. Also what of Demarks science do you prefer to use in you trading ?

best regards
The one I use the most is (a locked version of) TD Sequential that I bought years ago directly from Tom DeMark's company. Many other freely-available versions on the net are not correct in all aspects. There are many other studies of his I use that are too numerous to list.
  • #55
  • Oct 21, 2008 8:35am Oct 21, 2008 8:35am
ok how do i count manually ? the first step is to identify a close higher than the 4 closes before after that i dont now ? for a long



best regards
  • #56
  • Oct 21, 2008 9:36am Oct 21, 2008 9:36am
Quoting jgadefelth
ok how do i count manually ? the first step is to identify a close higher than the 4 closes before after that i dont now ? for a long

best regards
Actually no, first a "price flip" has to happen. Close greater than 4 bars ago and then a close less than 4 bars ago (for a buy setup). The whole system what to look for is a little involved so I did a search here on Forex Factory and found a link to a PDF:

http://www.forexfactory.com/attachme...4&d=1160532908

I haven't checked it but assume it is correct. Otherwise I learned how by reading DeMark's books. Going to the source works best.
  • #57
  • Edited 1:29pm Oct 21, 2008 12:32pm | Edited 1:29pm
Oboy this is even harder than i first thout for me to grasp. Do you think this tool is good does it have a high win rate ? and if so can i buy an indicator from demark to my mt4 do you think ? or are you using something better like the d-wave for example ?

Thanks you Suntrader for leading me in the right direction


best regards
  • #58
  • Oct 21, 2008 8:10pm Oct 21, 2008 8:10pm
Quoting jgadefelth
Oboy this is even harder than i first thout for me to grasp. Do you think this tool is good does it have a high win rate ? and if so can i buy an indicator from demark to my mt4 do you think ? or are you using something better like the d-wave for example ?

Thanks you Suntrader for leading me in the right direction

best regards
There are Tom DeMark indicators for MT, maybe here on FF - I don't know since I use TradeStation. Do a forum search, google it and I believe there is some MT user website somewhere which I am sure has TD Sequential since it is the most well know of TD's indicators. To do it by eye is too cumbersome.

I have never systemized it (beyond my coding skill level) so I really couldn't tell a win rate. It works on all time frames and markets successfully.

As far as D-Wave, yes I use it although on daily charts or higher.

GT
  • #59
  • Oct 22, 2008 3:27am Oct 22, 2008 3:27am
Here are 3 de mark indicators

They all do the same thing only the presentation is different.

I use demark trend lines in my trading when going with the trend and I think it works great on all time frames.
Attached File(s)
File Type: mq4 Demark_trend_new.mq4   14 KB | 2,783 downloads
File Type: mq4 Ind_TD_DeMark_3_1_LA_Mod_03B_AIME.mq4   22 KB | 2,419 downloads
File Type: mq4 Ind-TD-DeMark-3.mq4   15 KB | 2,320 downloads
  • #60
  • Edited 5:41am Oct 22, 2008 3:34am | Edited 5:41am
Thanks Suntrader i have find some counting indicators but the repaint and that is not so sexy.


dfxclub thanks for the indicators i have a look at them maybe you will describe you trading strategy little more some day ? And how to use this indicators, what to buy on and so ?

best regards
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