DeMark TDST Trading | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Mouteki/Demark Trendlines 19 replies

DeMark Indicators (ADVANCED) 311 replies

modify Mouteki/ Demark _trend _new indicator? 62 replies

DeMark TDF Trading 287 replies

Anyone following Tom DeMark's methods? 2 replies

Attachments: DeMark TDST Trading
Exit Attachments

DeMark TDST Trading

  • #21
  • Nov 18, 2009 3:42am Nov 18, 2009 3:42am
Although not part of my longer-term view I did mention a chance to go long if it was there. My post was actually after this setup occurred, interesting though all the same. Just to illustrate how it works.

Any question please feel free, would like to see other people get involved

Cheers
Foggytrader

Attached Image (click to enlarge)
Click to Enlarge Name: Demark-181109.jpg Size: 159 KB
  • #22
  • Nov 18, 2009 5:11am Nov 18, 2009 5:11am
good metod
  • #23
  • Nov 18, 2009 6:38am Nov 18, 2009 6:38am
Foggy, I hope you don't mind me asking, are you a full time trader?
  • #24
  • Nov 18, 2009 6:51am Nov 18, 2009 6:51am
Quoting runkarn
Foggy, I hope you don't mind me asking, are you a full time trader?
If you read my profile you will see I caddie in the summer and trade in the winter. I am officially self employed, pay my taxes based on my caddying and trading so I guess you can say I am a full-time trader, it is part of my income. I am always active during the summer which I guess is why I started to look at larger timeframes for analysis as it doesn't always require you to be at the screen.
I guess I am in the same boat as many people at FF, until your account reaches a comfortable level you need to have a “real job” (as everyone calls it) to pay the bills.

Cheers
Foggytrader
  • #25
  • Edited 9:01am Nov 18, 2009 8:31am | Edited 9:01am
Hi Foggy

Ive played in St Andrews - lovely course !!

Quick question: what are the 2 long red lines (named:buy15 and sell 2 ) as shown on the attachment with the red arrows?

How many times does a breach of the support/resistance line occurr ?

Culd you please go over the longer term framework (the daily) to set the theme to concentrate on the 5 mins (I dont have the bat indicator either) -

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_sunday.gif Size: 15 KB
  • #26
  • Nov 18, 2009 8:58am Nov 18, 2009 8:58am
Hey Foggy, starting to get the hang of it.

Can you please check my trade and confirm my logic was right?

Pervaz, did you take that trade? It seems we were looking at the same chart.

http://img163.imageshack.us/img163/1937/tdsqtrade18.gif http://img163.imageshack.us/img163/t...gif/1/w800.png
  • #27
  • Nov 18, 2009 9:00am Nov 18, 2009 9:00am
Quoting Pervaz
Hi Foggy

Ive played in St Andrews - lovely course !!

Quick question: what are the 2 long red lines (named:buy15 and sell 2 ) as shown on the attachment with the red arrows?

How many times does a breach of the support/resistance line occurr ?

Thanks
Good stuff Pervaz, yes it’s a great place to work but unfortunately it won't allow me to take early retirement.
The lines you are seeing is the potential TDST lines forming. If you have a 9 count formation the line will stay there for 12 bars then it will change to the normal smaller line. If the count fails because the current bar will no longer close lower/higher than 4 bars before it the line will also disappear.


The support/resistance levels can be breached many times in one day, just look at GJ over the past few days. This is why I would say you need to heighten the probability to take the right breach/failure. As I have said before I take a long-term view of a market then when everything lines up I will try to take the TDST bounces that concur. Other than my BAT idea I have also been trying out the idea of trading DeMark on a 5 minute chart the post a bullish or bearish thrust day. For example, if we get a bullish thrust on the daily chart we could look for opportunities buy off the TDST support levels the following day. Take it as an intraday profit strategy but you could let part of your trade run for a longer-term trade/profit.

There are many ways in which to use the DeMark indicator which was why I wanted to get other people involved. To try things out and bounce ideas off each other.

Hope this helps,

Cheers

Foggytrader
  • #28
  • Nov 18, 2009 9:37am Nov 18, 2009 9:37am
Thanks for posting your indicators, but are these trial version indicators
  • #29
  • Nov 18, 2009 9:46am Nov 18, 2009 9:46am
Quoting toddanderson
Thanks for posting your indicators, but are these trial version indicators
Why would you think they are a trial? I don't think there is an expiry on the indicators, if there is I will need to talk with my coder to take them off.

Please by all means, play around with them and share your ideas.

Cheers
Foggytrader
  • #30
  • Nov 18, 2009 11:08am Nov 18, 2009 11:08am
This is in your code thats why i asked


if (TimeCurrent() >= StrToTime("2009.12.31")) {
Alert("Your trial version has been expired! Please contact trade4rex.cn to renew");
return (0);



Quoting foggyTrader
Why would you think they are a trial? I don't think there is an expiry on the indicators, if there is I will need to talk with my coder to take them off.

Please by all means, play around with them and share your ideas.

Cheers
Foggytrader
  • #31
  • Nov 18, 2009 11:10am Nov 18, 2009 11:10am
Quoting toddanderson
This is in your code thats why i asked


if (TimeCurrent() >= StrToTime("2009.12.31")) {
Alert("Your trial version has been expired! Please contact trade4rex.cn to renew");
return (0);
Ok, thanks for that. I will make contact and get it removed. Or is it something you can do yourself? I would appreciate that, I am not a coder so have no idea how these things work.

Cheers
Foggytrader
  • #32
  • Nov 18, 2009 1:07pm Nov 18, 2009 1:07pm
thread bookmarked
this stuff sound interesting

just one question if I may ask to you foggy: for how many time have you traded this system?
  • #33
  • Nov 18, 2009 1:35pm Nov 18, 2009 1:35pm
Quoting ttteee
thread bookmarked
this stuff sound interesting

just one question if I may ask to you foggy: for how many time have you traded this system?
I have traded this DeMark method just over a year now. I would say most of my best trades last year came from 5 minute DeMark entries. However, I thought it was best to get a longer-term view and use it to build up positions as explained in earlier post.

Hope you can take part, thanks.

Cheers
Foggytrader
  • #34
  • Edited 1:08am Nov 19, 2009 12:35am | Edited 1:08am
Still adding to my USDCAD longs, took this one last night as it was only 13 pips risk. I have moved it to breakeven for my longer-term target at 1.1269 so hopefully it will hold, if not I continue to actively look for opportunities to go long and eventually if my long-term analysis is correct I should have several levels long.

Cheers
Foggytrader

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD-5-minute-181109.jpg Size: 285 KB
  • #35
  • Nov 19, 2009 1:47am Nov 19, 2009 1:47am
Hi Hensch

I didnt take the trade - i hadnt thought of using previous support/resistance

Quick question is that you have an additional support level (Number 6) that i didnt have on my chart and yet the timings were pretty similar

Any ideas ?



Quoting hens.ch
Hey Foggy, starting to get the hang of it.

Can you please check my trade and confirm my logic was right?

Pervaz, did you take that trade? It seems we were looking at the same chart.

http://img163.imageshack.us/img163/1937/tdsqtrade18.gif http://img163.imageshack.us/img163/t...gif/1/w800.png
  • #36
  • Nov 19, 2009 2:08am Nov 19, 2009 2:08am
Quoting Pervaz
Hi Hensch

I didnt take the trade - i hadnt thought of using previous support/resistance

Quick question is that you have an additional support level (Number 6) that i didnt have on my chart and yet the timings were pretty similar

Any ideas ?
Hi Pervaz,

Your entry is sound however my chart is of a USDCAD entry. Currently I have no long-term view on EURUSD unless it breaks the 1.4464 level or gives me a strong bullish or bearish daily candle then I may take an intraday trade. I can see from your chart there was a failure/reaction at the 5th TDST support level, so it was a valid entry.

I do think the first TDST support level has the greatest meaning but as you can see from my entry on the USDCAD it was the 2nd in the sequence. You have to make the call, but basically if you see a good reaction and that is part of your overall view then you can take it.

Nice trade, keep it up

Cheers

Foggytrader
  • #37
  • Nov 19, 2009 3:07am Nov 19, 2009 3:07am
As you can see on the Daily chart, GBPCHF broke through the upper BAT resistance two days ago. Coincidently, this was on the same day EURGBP broke through the lower BAT support. As is the case with the EURGBP where I mentioned I would attempt small longs on good signals, I will now be attempting small shorts on GBPCHF with a view of reaching the 38.2% retracement of the move from 1.6116 to 1.7109 at around 1.6722.



The 5 minute charts below show an attempt to take a short this morning and the subsequent cancelation as per the cancelation rules. I have also shown where I will make another attempt should we get a good enough failure.

Cheers
Foggytrader


Attached Image (click to enlarge)
Click to Enlarge Name: 191109-Daily.jpg Size: 238 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 191109-5-minute-part-1.jpg Size: 262 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 191109-5-minute-part-2.jpg Size: 240 KB
  • #38
  • Nov 19, 2009 3:24am Nov 19, 2009 3:24am
Still attempting small longs on EURGBP, just had a no trade signal. Just thought I would post it as an observation.

Cheers
Foggytrader

Attached Image (click to enlarge)
Click to Enlarge Name: Demark-191109.jpg Size: 246 KB
  • #39
  • Nov 19, 2009 3:48am Nov 19, 2009 3:48am
Orders are now placed at a failure of the 3rd TDST resistance level which is also the 3rd TDST resistance level on the 15 minute chart.

As I write the trade is triggered and the 15 minute bar has closed and looks quite bearish so we will see how it goes.

Cheers
Foggytrader

Attached Image (click to enlarge)
Click to Enlarge Name: 191109-5-minute-part-3.jpg Size: 258 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 191109-15-minute-part-1.jpg Size: 249 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 191109-5-minute-part-4.jpg Size: 232 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 191109-15-minute-part-2.jpg Size: 251 KB
  • #40
  • Nov 19, 2009 4:18am Nov 19, 2009 4:18am
Foggy,
Is me. Can you help me draft for GJ pair i attached. Still a bit blur . Hope you can help . Then will understand more GJ pair... thanks
Attached Image (click to enlarge)
Click to Enlarge Name: gjh1_191109_2.gif Size: 26 KB
0 traders viewing now