DeMark TDST Trading

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Magnus

A Very Big Thanks!!

thanks indeed for this great sys hope to see good work in near future

Dear Foggytrader,

First thing is i want to congratulate you for your superb thread.
I have been applying TDST from 3 years on intraday for Indian Stocks, I know the power of TDST if used properly.

But i am very eager to learn it's application in forex. Hope to learn a lot from you and also share my experiences with you.
What i suggest if we could apply PA's best like PIN BARS and BUOB or BEOB for great results since we need emotion in motion ( sounds like phillip Nel LOL !)

Cheers
Winston

AUDUSD

The Aussie Dollar has been bullish on the daily chart since breaching the upper BAT resistance level of 0.6843 on the 19th of March this year. Since this breach we have seen a rally of some 2500 points and surpassed the 2nd Fibonacci target of 0.8447 by 958 points. On the weekly chart I have been bullish since May this year following the upper breach of the 0.7990 resistance and we came 248 points short of the first Fibonacci target of 0.9653.

I had been looking for this pair to get up to the 0.9653 to 0.9790 on the weekly chart to attempt some shorts. However, with Morgan Stanley’s latest research showing the Aussie Dollar to be 40% over valued against the US Dollar and the formation of a bearish outside bar on the weekly chart I believe this pair offers a good opportunity to attempt some shorts. Therefore my strategy for this week is to look for opportunities to go short until we breach the lower BAT support at 0.8965 at which point my strategy will change.

Cheers
Foggytrader

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EURGBP


Earlier last week EURGBP broke through the lower BAT support level of 0.8866 turn it bearish on the daily chart while it remains bullish on the weekly chart until the 0.8208 level is hit. Following the breach I recommended taking some small longs however as we have now passed the 25% retracement level I will now sit on the sidelines until we either get a close below the low of a bullish thrust (currently that is 0.8948) or we take out the upper BAT resistance level at 0.9155.




Cheers
Foggytrader

EURUSD

Since breaching the upper BAT resistance level of 1.3452 back in March of this year EURUSD has been in control of the bulls. The bullish outlook was also supported and confirmed following the removal of the weekly BAT resistance in MAY. Currently until we test either the daily TDST level of 1.4578 or the daily BAT support level of 1.4464 I will remain on sidelines for this pair.

Cheers
Foggytrader

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GBPCHF


Since removing the BAT resistance level of 1.7096 last week the bulls have regained control here on the daily chart. However, unless the bulls can remove the 1.8089 weekly BAT resistance level, the bears will remain in overall control here. Following the removal of the daily level this week I took some short positions targeting the 61.8% retracement level at 1.6730. Should we hit this level I will stay on the sidelines until we get a close above the last bearish thrusts high (Fridays high 1.6893) or we remove the lower BAT support level currently at 1.6156.








Cheers
Foggytrader

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GBPJPY


Since breaching the upper BAT resistance of 162 on the weekly chart the bulls have taken control of GBPJPY. However, so far they have failed to convince me and with the removal of the daily lower BAT support level of 144.31 the bears are fighting back. Currently, I am short at 149.57 looking for the first daily Fibonacci target of 125.33. I will continue to look for opportunities to go short unless we have a weekly close above the 150.36, or we go beyond the trend breakout point at 139.69. I would look to the 147 to 148 area to look for 5 minute DeMark short entries.








Cheers
Foggytrader

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GBPUSD


Currently, GBPUSD is under control of the bulls and below the trend breakout points on both the daily and weekly timeframes. Should this scenario play out the pair remains in a good buying zone and during Fridays session tested the high of the last bearish thrust at 1.6466. According to Morgan Stanley GBPUSD is around fair value against the USD while many of its G10 peers are way beyond fair value. For these reasons I will be looking for opportunities on the 5 minute DeMark chart to build long positions with an initial target of 1.7298. This strategy will remain intact until the 1.6084 level is removed on the daily chart or we produce any more bearish thrusts on the weekly chart.








Cheers
Foggytrader

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USDCAD


Since breaching the upper BAT resistance level of 1.0813 on the 29th of October USDCAD has become bullish on the daily chart. Following this development I waited for the retracement and initiated long-term longs following the close above the last bearish thrusts high. As the bears are in full control on the weekly chart I would rather stay on the sidelines this week until we make a higher high on the daily chart above the 1.0780 or buy into weakness around the last bullish thrusts low currently 1.0614.








Cheers
Foggytrader

nice analysis bro

GBPCHF

GBPCHF met my target of 1.6730 and closed out my position overnight. I will now remain on the sidelines until we either get a close above a bearish thrusts high or we take out the lower BAT support currently situated at 1.6282. Currently I would fear the latter playing out as it was a fairly bearish weekly close and the weekly bat has started the week moving down for the first time in 8 weeks. Therefore although the daily breach of the upper BAT is bullish the risk of this pair heading down is too high to take longs unless we get a clear signal that the bulls have entered this market.



Cheers
Foggytrader

AUDUSD

Just thought I would post this set-up for training purposes. I was obviously still in the land of nod at this point but a good setup nonetheless with only 14 pips risk. I will continue to look for opportunities to try small shorts here.



Cheers
Foggytrader

GBPUSD

I had mentioned in my weekly outlook last night that I would be looking to go long GBPUSD. The chart below shows three occasions where we have had a close below the TDST support cancelling out the signal. Although they all turn out heading in the direction I am looking for, more often than not when you get a close below the TDST support level the price will head down and vice versa for a TDST resistance.




Cheers

Foggytrader

AUDUSD

As you can see from the chart below we had a touch failure with this pair several bars ago. Orders were placed to go short 1 pip below the touch candle however these were cancelled once we had a close above the touch candles high.



Cheers
Foggytrader

Since the price is touch and close below the price. By right we should pending for sell wasn't that rules?

Price touch and close below price 147.61. Look sell set up for me with stop loss 28pips risk.

Correct me if i'm wrong. Thanks.

The only time we take a sell is when we get a touch/failure of a TDST Reistance or Support level. When we get a close below the TDST support level on the initial touch bar the setup is void. We MUST see some sort of reaction at the TDST levels then we must not get a close beyond that candles opposite extreme.

For example, if we get a reaction at a support level but we then get a close below that candles low the setup is void. If we get a close below the TDST support level the setup is also void. Vice versa for a TDST resistance level.

Hope this helps,

Cheers
Foggytrader

GBPJPY

As spotted by the SpecialOne, GBPJPY has now hit and failed at the TDST resistance level of 147.61 made during Fridays session. A sell position has been taken with 28 pips risk.



Well spotted SpecialOne

Cheers
Foggytrader