A woman drove me to drink, and I forgot to thank her 
Satni,
I'm thinking about diving into learning this system and have a few questions:...
I suggest u follow my blog...You can have a better idea...
Meanwhile, I try to answer you , the best I can. on as shown in blue font
below.
I'm thinking about diving into learning this system and have a few questions:
1. Is it really from your personal experience 70% correct?
YES, but rule #1,its mandatory you read the books and follow Demark's
rule. Without, you will put to waste, years of research, done by Tom
Demark. The indicators provide picture guide only. The rules allows YOU
to strategies..This is solid for me and any other user for success.
2. How many pairs do you personally apply it to?
I focus on GJ, GU and EU only.
3. I've read it can be used on all time frames, is their one that is more optimal than others?
For me, I use 15mins, 30mins, 1hour and 4hourly Daily and weekly.
This is a dynamic tool. Optimally ? depends on your trading strategy,
your trading style...swing or scalping or medium trading. Mine is
15mins, 1hour and 4hours for swing and intradays.
4. After spending the time learning and mastering a system, would you spend the time to learn it again knowing what you do now about it?
YES, of course, the pairs that I trade(everybody's too) is dynamic none
Static, sure enough our upkeep of the market track movements must
be equally dynamics. (Forget about those, "sett and sleep on it" kind of
advise, if you believe you are a professional act like one. btw Thomas
is a workholics hehe) hehe I've heard about money-at-work mindsett 20 years back, that's for relaxation therapy.
5. Is this a system that gives good signals but you only get a few and don't make a lot of pips, or does this allow me to slowly build my wealth?
No, not exactly, ..It depends on your trading strategy. Now, if you dont have a target and trading..like any other systems, you'll may end up into
a few pips here and a few pips there.
Any other suggestions would love. I'm thinking of buying the books to read and learn, my interest is peaked.
GO Plunge into it...those whose done it before, Never turn back!
As a matter of fact, THEY GO DEEPER!
You're Welcome ,Mike!
Satni
Satni
You cannot even imagine how appreciative I am to you for posting chart of GBPJPY for "cross ref"
I am trading at thinkorswim and I suspected for a long time that their implementation was buggy.
You chart helped me to realize WHAT was wrong
THANK YOU
http://screencast.com/t/Rhd7C0h0M
P.S. As you said - it takes heart and guts to trade DeMark (especially for retail trader) - I was looking for people who understand that concept for a long time.
p/s I like your website too! Very Informative.
- #247
- May 12, 2009 8:44am May 12, 2009 8:44am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #248
- May 12, 2009 11:00am May 12, 2009 11:00am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Hi suntrader, satni and dear TD traders,
I follow the thread and observe a perfected a buy setup, which is going through the countdown process now.
It is the usd/lfx, which is the usd light index (kind of usd-index, but you are able to trade mini and micro lots).
If I scroll through the fx charts, I donīt see much buy or sell setups, which are in countdown process (on daily timeframe). So I thought its worth to mention.
Pretty interisting stuff
I follow the thread and observe a perfected a buy setup, which is going through the countdown process now.
It is the usd/lfx, which is the usd light index (kind of usd-index, but you are able to trade mini and micro lots).
If I scroll through the fx charts, I donīt see much buy or sell setups, which are in countdown process (on daily timeframe). So I thought its worth to mention.
Pretty interisting stuff
- #249
- May 12, 2009 11:46am May 12, 2009 11:46am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #250
- May 12, 2009 11:53am May 12, 2009 11:53am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
Hi suntrader, satni and dear TD traders,
I follow the thread and observe a perfected a buy setup, which is going through the countdown process now.
It is the usd/lfx, which is the usd light index (kind of usd-index, but you are able to trade mini and micro lots).
If I scroll through the fx charts, I donīt see much buy or sell setups, which are in countdown process (on daily timeframe). So I thought its worth to mention.
Pretty interisting stuff
- #253
- May 18, 2009 1:57pm May 18, 2009 1:57pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
NEXT TIME I'll read the article on "Impressive Signals" a little more
carefully
, as I got carried away by 2/3 successful trades when I really
didn't understand the system. (I must've gotten lucky with the retracement.)
I was under the impression you could choose the 9-bar "TD Setup"
OR the "TD Countdown," not realizing you are supposed to use them
in tandem. My apologies for my confusing posts.
That said, I went back and checked the daily prices from my broker,
and found that May 8th gave us a completed TD Sell Set-Up for the
GBP/USD pair:
O: 1.5023
H: 1.5246
L: 1.5133
C: 1.5230
That day is the first day of the TD Countdown; May 19th is Day 7.
carefully
, as I got carried away by 2/3 successful trades when I really didn't understand the system. (I must've gotten lucky with the retracement.)
I was under the impression you could choose the 9-bar "TD Setup"
OR the "TD Countdown," not realizing you are supposed to use them
in tandem. My apologies for my confusing posts.
That said, I went back and checked the daily prices from my broker,
and found that May 8th gave us a completed TD Sell Set-Up for the
GBP/USD pair:
O: 1.5023
H: 1.5246
L: 1.5133
C: 1.5230
That day is the first day of the TD Countdown; May 19th is Day 7.
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
- #256
- May 20, 2009 9:04am May 20, 2009 9:04am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #257
- May 20, 2009 9:06am May 20, 2009 9:06am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #258
- May 25, 2009 4:30pm May 25, 2009 4:30pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
We have a short countdown for GU, which might work this week....
- #260
- May 26, 2009 5:59am May 26, 2009 5:59am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts