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DeMark TDST Trading

  • #61
  • Nov 19, 2009 11:35am Nov 19, 2009 11:35am
According to H1 chart. Price is triggered now.
Possible is a buy with stoploss 146.94
Attached Image (click to enlarge)
Click to Enlarge Name: gjh4_demark.gif Size: 28 KB
  • #62
  • Nov 19, 2009 12:19pm Nov 19, 2009 12:19pm
Very nice Foggy. I've always had an interest in DeMark but never really grasped it until you broke it down clearly. Another tool for the tool box.
Attached Image (click to enlarge)
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  • #63
  • Nov 19, 2009 12:26pm Nov 19, 2009 12:26pm
Quoting special0nefx
According to H1 chart. Price is triggered now.
Possible is a buy with stoploss 146.94
Sorry special one there is no entry on the 1 hour, as I mentioned earlier there was an entry to buy at the top of the 09:00am (10:00am GMT) bar which was triggered and the stoploss would have been 147.55 and it would be stopped now. Go back and read through the step by step guide and see if you can learn more.

Good work though, keep trying and soon you will get it

Cheers
Foggytrader
  • #64
  • Nov 19, 2009 12:27pm Nov 19, 2009 12:27pm
Quoting deepsouth
Very nice Foggy. I've always had an interest in DeMark but never really grasped it until you broke it down clearly. Another tool for the tool box.
Thanks deepsouth,

Yes, DeMark is a great tool and as I have explained if you choose the right time to get in you can soon build up a number of position.

Cheers
Foggytrader
  • #65
  • Nov 19, 2009 3:08pm Nov 19, 2009 3:08pm
After a promising start to this one the stop has been hit. You can't win em all I guess. We might still get a close below the 148.17 level and if we do selling will be on the cards again tomorrow.

Cheers
Foggytrader

Attached Image (click to enlarge)
Click to Enlarge Name: 191109-5-minute-4.jpg Size: 200 KB
  • #66
  • Nov 19, 2009 6:24pm Nov 19, 2009 6:24pm
Ya, will keep trying till i get correct way for DeMark system.

Quoting foggyTrader
Sorry special one there is no entry on the 1 hour, as I mentioned earlier there was an entry to buy at the top of the 09:00am (10:00am GMT) bar which was triggered and the stoploss would have been 147.55 and it would be stopped now. Go back and read through the step by step guide and see if you can learn more.

Good work though, keep trying and soon you will get it

Cheers
Foggytrader
  • #67
  • Nov 19, 2009 11:11pm Nov 19, 2009 11:11pm
Is touch and price close above the 1st resistant level. Now going to test the upper 1st resistant level. Possible a sell set up may approached.
Correct me if i'm wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: gjh4_demark.gif Size: 25 KB
  • #68
  • Nov 20, 2009 12:47am Nov 20, 2009 12:47am
Quoting special0nefx
Is touch and price close above the 1st resistant level. Now going to test the upper 1st resistant level. Possible a sell set up may approached.
Correct me if i'm wrong.
As you can see from the picture, it was the correct TDST resistance level to sell from although it should been when it was first breached which was at 01:35 bar (00:35 GMT). This was in fact the perfect set-up, it touched the resistsance level and failed. Add to that it was also right around the level of 148.17 that I said was an important level which incidently was taken to a close last night so we will see if this accelerates the losses today.

Cheers
Foggytrader

Attached Image (click to enlarge)
Click to Enlarge Name: 201109-5-min-1.jpg Size: 223 KB
  • #69
  • Nov 20, 2009 1:00am Nov 20, 2009 1:00am
yeah nice setup. I seen the 8th candle cross same price with it. So decide wait for 9th candle close below only sell at the 9th candle...heheh
regards

Quoting foggyTrader
As you can see from the picture, it was the correct TDST resistance level to sell from although it should been when it was first breached which was at 01:35 bar (00:35 GMT). This was in fact the perfect set-up, it touched the resistsance level and failed. Add to that it was also right around the level of 148.17 that I said was an important level which incidently was taken to a close last night so we will see if this accelerates the losses today.

Cheers
Foggytrader

Attachment
  • #70
  • Nov 20, 2009 1:03am Nov 20, 2009 1:03am
Just posting this one out of interest here as I have no real view on GBPUSD where it is right now. As you can see from the picture, I just took a snapshot of past 12 hours or so worth of 5 minute bars. The picture shows two perfect rejections and four no trade situations as they closed over the resistance/support TDST lines on initial touch. Thought it was a good example for people to see when to leave a trade and when to take a trade.

Hope this helps,

Cheers
Foggytrader

Attached Image (click to enlarge)
Click to Enlarge Name: 201109-5-Minute-1.jpg Size: 227 KB
  • #71
  • Nov 20, 2009 1:08am Nov 20, 2009 1:08am
Quoting special0nefx
yeah nice setup. I seen the 8th candle cross same price with it. So decide wait for 9th candle close below only sell at the 9th candle...heheh
regards
Just in case my breakdown training examples confuse people I just thought I should clarify something. You don't need to wait for the 9th candle to touch support/resistance. I mean if you get a 9th candle that touches a resistance/support level and fails then yes I would say it is a very high probability situation but it is not an essential part of the method. It can be any candle that touches and fails at the TDST levels.

Cheers
Foggytrader
  • #72
  • Nov 20, 2009 1:29am Nov 20, 2009 1:29am
Interestingly, as I wrote the last post I spotted this on GBPJPY. As you can see from the picture it is the 8th bar of a bearish exhaustion sequence that hits the TDST support level, which makes it quite a high probability entry although I am not looking to go long at the moment.

Attached Image (click to enlarge)
Click to Enlarge Name: 201109-5-min-2.jpg Size: 240 KB


However, I don't know if anyone here has been reading the Scooby robot thread where they claim the BOJ intervenes on a daily basis and they recommend looking for buying opportunities from 06:30am - 09:00am GMT and selling opportunities from 22:30pm - 00:30am GMT. I have attached the article about the BOJ if anyone is interested.

Anyway, if we look at GBPJPY last night, there was a sell opportunity at 00:35 GMT and then we got our buying opportunity this morning at 06:45. Could perhaps be something to watch out for to take some short-term profits each day should the opportunity present itself.



Cheers
Foggytrader
Attached File(s)
File Type: pdf BOJ Intervention Policy.pdf   331 KB | 807 downloads
  • #73
  • Nov 20, 2009 5:52am Nov 20, 2009 5:52am
Not much going on today, just posting open positions built up this week. GBPCHF might get to target today other than that I would hope to see my USDCAD (long) and GBPJPY (Short) positions open for some time unless things really accelerate.

Cheers
Foggytrader

Attached Image (click to enlarge)
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  • #74
  • Nov 20, 2009 6:05am Nov 20, 2009 6:05am
Hi foggyTrader,

Are you able to come out a pdf file on the explaination & example that you have post on the first page for your DeMark TDST Trading & post it on your first post??

Looks interesting, going to test on my Demo & see how it goes.
  • #75
  • Nov 20, 2009 6:26am Nov 20, 2009 6:26am
Quoting draco76x
Hi foggyTrader,

Are you able to come out a pdf file on the explaination & example that you have post on the first page for your DeMark TDST Trading & post it on your first post??

Looks interesting, going to test on my Demo & see how it goes.
Hello Draco,

Its done, I put them up under examples.zip and they are in microsoft word.

Cheers
Foggytrader
  • #76
  • Nov 20, 2009 7:07am Nov 20, 2009 7:07am
I want to download your version of the demark indicators but I can't download a .ex4 extension. Any suggestions to help with this?
A woman drove me to drink, and I forgot to thank her
  • #77
  • Nov 20, 2009 7:37am Nov 20, 2009 7:37am
why cant you

Quoting simpleguy
I want to download your version of the demark indicators but I can't download a .ex4 extension. Any suggestions to help with this?
  • #78
  • Nov 20, 2009 8:55am Nov 20, 2009 8:55am
Quoting simpleguy
I want to download your version of the demark indicators but I can't download a .ex4 extension. Any suggestions to help with this?
Could be your internet browser, someone on another forum had that problem but they were using google chrome, just a suggestion. If that ain't the problem then I can't help you.

Cheers
Foggytrader
  • #79
  • Nov 20, 2009 9:10am Nov 20, 2009 9:10am
GBPUSD has now arrived at a buying level on the weekly chart. Although this contradicts the overall pound outlook according to the daily timeframes on the likes of GBPJPY, GBPCHF and EURGBP it can't be ignored.

As you can see from the chart below since the high (1.6466) of the final bearish thrust (20/09/09) was taken to a close I have been waiting for this level to be retested. So I will look for 5 minute DeMark entries to go long from here, most likely at the start of next week now.

Attached Image (click to enlarge)
Click to Enlarge Name: Weekly-GBPUSD-201109.jpg Size: 238 KB


Its Friday and only 50 minutes to go until I take a cool beer from fridge and get some AC/DC on the i-pod speaker

Cheers
Foggytrader
  • #80
  • Nov 20, 2009 9:13am Nov 20, 2009 9:13am
meta editor will not open it and when I try to open it something comes up called a remote desk top, and I don't even know what that is.

I don't have google chrome.


Quoting toddanderson
why cant you
A woman drove me to drink, and I forgot to thank her
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