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Tom demark Trendlines

  • #61
  • Oct 22, 2008 5:05am Oct 22, 2008 5:05am
Quoting dfxclub
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.
dfxclub,
on the bold text above. Is that trend different than DeMark trend?
TIA
  • #62
  • Oct 22, 2008 5:52am Oct 22, 2008 5:52am
Quoting jgadefelth
Thanks Suntrader i have find some counting indicators but the repaint and that is not so sexy.
Well I don't if they are working correctly or not, as I have said I am not a MT user, but you have to understand that for the 1st stage of TD Sequential 9 consecutive down closes less than the close 4 bars before (for a buy, reverse for a sell) so if there are 5 consecutive down close bars and the 6th does not close less than the close 4 bars before - then the count will be removed from the chart.
  • #63
  • Oct 22, 2008 6:13am Oct 22, 2008 6:13am
Quoting jgadefelth
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
attached USDJPY taken yesterday

I trade with the trend

if I see something technical like a double bottom the I confirm on a lower time frame try to get in at the dips which will also be demark trend line but this time not a break but a bounce.

And I also use stoc 14-3-3 on 1 hour and 4 hour and sometimes another stoch indicator DB stochastic but I usually move it out of the way as it clouds up the screen.

hope that helps
Attached Image (click to enlarge)
Click to Enlarge Name: demark eg 1.JPG Size: 62 KB
  • #64
  • Oct 22, 2008 7:33am Oct 22, 2008 7:33am
dfxclub you trade a break of one of the lines or is there more to it a special line ?

best regards



Suntrader then maybe that is the repaint it just corrects and erase if the count is abrupted.

best regards
  • #65
  • Oct 22, 2008 11:34am Oct 22, 2008 11:34am
Quoting jgadefelth
dfxclub you trade a break of one of the lines or is there more to it a special line ?

best regards



Suntrader then maybe that is the repaint it just corrects and erase if the count is abrupted.

best regards
No there are no other lines... but the lines will repaint as new support and resistance lines are occur. Its not repainting but updating the charts. If you were also drawing your own trendlines you would be updating them according to market conditions. This is what this does.

I trade as follows:

1- break out of the minor trend when it is going with the main trend as in the USDJPY example - the blue channel is the minor up trend inside the major red trend but Im going against the channel because the main trend is down. Opposite for long trades.

2- you can short on the break of major support trend line or vice versa.

3- you can long on the bounce of a major support trend line or vice versa.

If you work back from a bigger time frame to a smaller time frame you can decide better whether to go for a bounce or a break.

For example open a USDJPY chart and put the demark on the monthly - weekly - daily - 4 hour and 1 hour

You can sharpen your entries. On the daily we are about to hit 98 which is a support line but on the monthly I got 96.45 as majot support - this will be interesting to watch...
  • #66
  • Oct 23, 2008 2:39am Oct 23, 2008 2:39am
I just took the GBPUSD break on the 15 min chart will see how it works out...

On the 15 min chart there was a double top this morning at 6340 area and then pr'ce started to come down. Main trend is down so I put demark on the 15 min chart and entered after it broke the line.

The targets are in blue dotted line. What you can do now is move the time frame higher and follow your trade accordingly. In a good trend if you always keep ypur stop 10 pips above the high of the prior 4 hour bar it seems to work well for me for following trends.
Attached Image
  • #67
  • Oct 23, 2008 2:48am Oct 23, 2008 2:48am
the attached chart now shows the 30 minute chart and the price breached that level too so we can bring stop alittle clooser I guess and follow through...

I will also try to post the 1 hour char too in hope that it clarifies the trade method. Basically its just a Demark break out strategy which you refine according to the main trend and enter as early as you can so you can have tight stop losses.
Attached Image
  • #68
  • Oct 23, 2008 3:14am Oct 23, 2008 3:14am
below is the 1 hour chart now and you can see the new 1 hour bar opened under the demark trend line of the 1 hour.

So basically Im now going to bring stop to +2 pip profit as I cant watch it and dont want to make a loss coz my psychology is not strong enough just yet and will take profit at 6086 if it gets there. And will see how it goes once every hour or so.
Attached Image
  • #69
  • Oct 23, 2008 3:24am Oct 23, 2008 3:24am
Quoting dfxclub
No there are no other lines... but the lines will repaint as new support and resistance lines are occur. Its not repainting but updating the charts...
This was in reference to TD Sequential, not TD Trendlines.
  • #70
  • Oct 23, 2008 4:52am Oct 23, 2008 4:52am
Im verry happy for help from bouth of you Suntrader and dfxclub and the examples make me understand it little better. Thank You bouth.


best regards
  • #71
  • Oct 23, 2008 6:23am Oct 23, 2008 6:23am
Quoting SunTrader
This was in reference to TD Sequential, not TD Trendlines.
Sun trader I didnt understand what you meant...

Am I using this wrong ?

Thanks
  • #72
  • Oct 23, 2008 6:37am Oct 23, 2008 6:37am
Quoting dfxclub
Sun trader I didnt understand what you meant...

Am I using this wrong ?

Thanks
No not at all. jg was referring to repainting on Sequential, not Trendlines. He should understand TL's change all the time. And now he understands why Seq can disappear if the close relationship changes too.

  • #73
  • Edited 12:44pm Oct 29, 2008 12:11pm | Edited 12:44pm
Suntrader more questions.

On page 24 in the new science.............. low on that page he begin a new mening by "Basic arithmetic will enable the user" ............................


I dont get that what is it he calculates there i understand a-b and x and y and z but whre does that calculation fit in ?

best regards

i think this is also spoken about in table 1.1
  • #74
  • Oct 29, 2008 12:51pm Oct 29, 2008 12:51pm
Also in the book he speaks about 3 price projectors i think i know how to calculate them you know 1 2 3 and 3 is always the smallest, in your example you used 50 % and 100 % why ? this is not one of the price projectors and also when you use one of the price projectors wicht one do you prefer and wich one of 1 or 2 is the most reliable ?


best regards
  • #75
  • Oct 29, 2008 5:53pm Oct 29, 2008 5:53pm
Quoting jgadefelth
Suntrader more questions.

On page 24 in the new science.............. low on that page he begin a new mening by \"Basic arithmetic will enable the user\" ............................


I dont get that what is it he calculates there i understand a-b and x and y and z but whre does that calculation fit in ?

best regards

i think this is also spoken about in table 1.1
I am not totally clear how he uses this method so I disregard it.
  • #76
  • Oct 29, 2008 5:59pm Oct 29, 2008 5:59pm
Quoting jgadefelth
Also in the book he speaks about 3 price projectors i think i know how to calculate them you know 1 2 3 and 3 is always the smallest, in your example you used 50 % and 100 % why ? this is not one of the price projectors and also when you use one of the price projectors wicht one do you prefer and wich one of 1 or 2 is the most reliable ?

best regards
I use his standard method, difference of the lowest low underneath TL or highest high above TL subtracted/added to breakout point. I use 50% as a minimum target, but try for 100%/200% if I am not stopped out. Naturally other confirmation is used for entry/exits.
  • #77
  • Oct 29, 2008 7:03pm Oct 29, 2008 7:03pm
Quote:
Originally Posted by jgadefelth http://www.forexfactory.com/images/buttons/viewpost.gif
Also in the book he speaks about 3 price projectors i think i know how to calculate them you know 1 2 3 and 3 is always the smallest, in your example you used 50 % and 100 % why ? this is not one of the price projectors and also when you use one of the price projectors wicht one do you prefer and wich one of 1 or 2 is the most reliable ?

best regards

I use his standard method, difference of the lowest low underneath TL or highest high above TL subtracted/added to breakout point. I use 50% as a minimum target, but try for 100%/200% if I am not stopped out. Naturally other confirmation is used for entry/exits.


the one you refer to is method 1 so 50 or 100 or 200 % of this method am i understand it correct ? also if i understand it right how often do you atlest get the target 50% or more ?

best regards
  • #78
  • Apr 7, 2009 10:32pm Apr 7, 2009 10:32pm
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...
You are a nice guy.We need people like you here.May God bless you.
we cannot succeed without a well defined risk management.
  • #79
  • Apr 7, 2009 11:02pm Apr 7, 2009 11:02pm
Quoting bosun2007
You are a nice guy.We need people like you here.May God bless you.
i use one only one kind of demark technik:

the one where the last 2 significant highs/lows where used to build a trendline.
i dont trade this i only use it for confirmation like in the pic from eu this morning, the brokje of the lower TL marks the start of a downswing
Attached Image (click to enlarge)
Click to Enlarge Name: apr-0005.gif Size: 20 KB
  • #80
  • Apr 16, 2009 4:34pm Apr 16, 2009 4:34pm
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...
Hi there,

I think I should ask you how confident are you with Tom Demark Trendline break? With the given attachement I should be able to bag at least 50pips. But somewhere down the road there is noise and a hanging man got me spook and I close my short at a mere 2pips. Far worst if I have hold on and let the price run.

I always have this problem with TD trendline breaks. I have to close my longs/shorts wherver I see price action takes a turn. My question is how do you prevent such happening?
Attached Image (click to enlarge)
Click to Enlarge Name: 16 apr 09.gif Size: 69 KB
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