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Attachments: DeMark TDST Trading
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DeMark TDST Trading

  • #101
  • Nov 23, 2009 3:08am Nov 23, 2009 3:08am
i got what you means , which got the buy or sell set up once --> the price is get a touch/failure of a TDST Reistance or Support level.

Only we find the buy or sell setup
GJ seen touch but got 1 candle touch +1 pips of the resistant level...lol
But it touch my set up buy also...anyway is risk 28pips.


Quoting foggyTrader
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...
  • #102
  • Nov 23, 2009 3:10am Nov 23, 2009 3:10am
Thanks master, u been a good guide here. But it touch +1pips of the resistant level.... hahah...

Quoting foggyTrader
Attachment

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.

Attachment

Well spotted SpecialOne

Cheers
Foggytrader
  • #103
  • Nov 23, 2009 3:11am Nov 23, 2009 3:11am
Attached Image


USDCAD

I am posting the below picture to illustrate how the DeMark system can be used very well on any timeframe. The picture shows the recent 4 hour activity on the USDCAD. As we can see we got a nice reaction/failure candle at 2009.11.01. The interesting thing about this level is the fact that the daily BAT resistance level had just been broken so looking for entries short would be the idea. Also, more recently we had a failure at another 4 hour TDST resistance level and although it doesn't play along with my longer-term strategy, so far this is also a good looking failure. Just remember though, the higher the timeframe the higher the risk.

Attached Image (click to enlarge)
Click to Enlarge Name: 23.11.09.4hour.jpg Size: 261 KB


Hope this helps people understand the power of DeMark more,

Cheers
Foggytrader
  • #104
  • Nov 23, 2009 3:15am Nov 23, 2009 3:15am
Quoting special0nefx
Thanks master, u been a good guide here. But it touch +1pips of the resistant level.... hahah...
Well there is still room to the 148.02 (60 day SMA) and the number 1 TDST resistance level at 148.18 so we may have to wait for a retest of this area before we get a successful entry.

Cheers
Foggytrader
  • #105
  • Nov 23, 2009 4:38am Nov 23, 2009 4:38am
Attached Image


GBPUSD - Buy a bounce/failure at the 1.6529 TDST support level

Attached Image


GBPJPY - Sell a bounce/failure of the 148.18 TDST resistance Level

Cheers
Foggytrader
  • #106
  • Nov 23, 2009 5:18am Nov 23, 2009 5:18am
hi there,
can you show me how to trace 60 day SMA for the room 148.02.
60 SMA want to apply on close?

Quoting foggyTrader
Well there is still room to the 148.02 (60 day SMA) and the number 1 TDST resistance level at 148.18 so we may have to wait for a retest of this area before we get a successful entry.

Cheers
Foggytrader
  • #107
  • Nov 23, 2009 5:45am Nov 23, 2009 5:45am
Quoting special0nefx
hi there,
can you show me how to trace 60 day SMA for the room 148.02.
60 SMA want to apply on close?
I use two MA's for GBPJPY. I apply a 60 day SMA (60 period to the close on a daily chart) and a 55 week EMA (55 period exponential to a close on a weekly chart). The 60 day SMA has often been the trigger for large movement in GBPJPY on the daily chart and you will see for yourself how significant the 55 EMA is on the weekly chart as far back as your data will go.

Hope this helps,

Cheers
Foggytrader
  • #108
  • Nov 23, 2009 6:13am Nov 23, 2009 6:13am
ok i try to learn and figure out how to see 1st heheh...thanks

Quoting foggyTrader
I use two MA's for GBPJPY. I apply a 60 day SMA (60 period to the close on a daily chart) and a 55 week EMA (55 period exponential to a close on a weekly chart). The 60 day SMA has often been the trigger for large movement in GBPJPY on the daily chart and you will see for yourself how significant the 55 EMA is on the weekly chart as far back as your data will go.

Hope this helps,

Cheers
Foggytrader
  • #109
  • Nov 23, 2009 6:54am Nov 23, 2009 6:54am
Attached Image


USDCAD

The bears are staging a strong comeback here but this was a valid entry which agree's with my longer-term outlook, therefore I am now long at 1.0575 stoploss at 1.0557.

Attached Image (click to enlarge)
Click to Enlarge Name: 23.11.09.5min-a.jpg Size: 211 KB


Cheers
Foggytrader
  • #110
  • Nov 23, 2009 6:59am Nov 23, 2009 6:59am
this a very interesting system . I have tried looking at Demark indicators in the past and I just couldn't make them work. Looking forward to learning
  • #111
  • Nov 23, 2009 7:34am Nov 23, 2009 7:34am
ok i try to learn and figure out how to see 1st heheh...thanks

Quoting foggyTrader
I use two MA's for GBPJPY. I apply a 60 day SMA (60 period to the close on a daily chart) and a 55 week EMA (55 period exponential to a close on a weekly chart). The 60 day SMA has often been the trigger for large movement in GBPJPY on the daily chart and you will see for yourself how significant the 55 EMA is on the weekly chart as far back as your data will go.

Hope this helps,

Cheers
Foggytrader
  • #112
  • Nov 23, 2009 8:03am Nov 23, 2009 8:03am
Quoting FXSnipe
this a very interesting system . I have tried looking at Demark indicators in the past and I just couldn't make them work. Looking forward to learning
Thanks FXSnipe,

Hopefully I can help others learn the power of DeMark. Although today is not the best advertisment with two stops out of two so far, but that is trading.

Any input is more than welcome,

Cheers
Foggytrader
  • #113
  • Nov 23, 2009 8:06am Nov 23, 2009 8:06am
Hi Foggy great system, thanks a lot!

In the attached chart is the arrowmarked black candle the failure candle and the one next to it with blue check mark the entry candle?

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdbounce.gif Size: 17 KB


Quoting foggyTrader
Attachment

GBPUSD - Buy a bounce/failure at the 1.6529 TDST support level

Attachment

GBPJPY - Sell a bounce/failure of the 148.18 TDST resistance Level

Cheers
Foggytrader
  • #114
  • Nov 23, 2009 8:23am Nov 23, 2009 8:23am
Quoting shiva
Hi Foggy great system, thanks a lot!

In the attached chart is the arrowmarked black candle the failure candle and the one next to it with blue check mark the entry candle?

Attachment
From what I can see you are on a 1 hour chart and your entry is the bar after a nine count is complete. When a nine count occurs the market is said to be exhausted in that direction and it is expected to retrace somewhat. Therefore, the entry you have posted is wrong. We only take a trade that shows some sort of reaction when it touches a TDST support/resistance levels. I was looking for the price to come down to test the 1.6529 level on the 5 minute chart. So although the price continued higher after the completion of the nine count sequence on your chart you will find this to be an unusual occurrence. Just take signals that show the price bouncing off a TDST line then closing without going through said line.


Cheers
Foggytrader
  • #115
  • Nov 23, 2009 9:24am Nov 23, 2009 9:24am
Thanks, suddenly its clearer

Quoting foggyTrader
From what I can see you are on a 1 hour chart and your entry is the bar after a nine count is complete. When a nine count occurs the market is said to be exhausted in that direction and it is expected to retrace somewhat. Therefore, the entry you have posted is wrong. We only take a trade that shows some sort of reaction when it touches a TDST support/resistance levels. I was looking for the price to come down to test the 1.6529 level on the 5 minute chart. So although the price continued higher after the completion of the nine count sequence on...
  • #116
  • Nov 23, 2009 11:01am Nov 23, 2009 11:01am
Attached Image


GBPJPY

GBPJPY has failed at the previously mentioned TDST resistance level of 148.18 so a short position has been opened.

Attached Image (click to enlarge)
Click to Enlarge Name: 23.11.09-5min-b.jpg Size: 200 KB


Cheers
Foggytrader
  • #117
  • Nov 23, 2009 1:58pm Nov 23, 2009 1:58pm
foggytrader, nice trade on GBPJPY, do you set your profit objective only on 5 minute charts or you also zoom out for a higher profit objective?
  • #118
  • Nov 23, 2009 2:44pm Nov 23, 2009 2:44pm
Quoting FXSnipe
foggytrader, nice trade on GBPJPY, do you set your profit objective only on 5 minute charts or you also zoom out for a higher profit objective?
Currently I am looking to build up shorts for a 125.33 target taken from the daily chart. If you look at my daily analysis you will see my targets. If I can build up several positions for each setup on the daily chart the reward will be great. I do sometimes have shorter-term targets and I will post them at the time. However, if anyone else has any other strategies I am happy to listen. I am currently checking whether it would be a good idea to risk 2% per trade using half to get back 2% and the other half to get 5%. Initial results show this to be a good method as the risk is so small that the targets are within reason to consistently bring in a good rate of return.


Cheers
Foggytrader
  • #119
  • Nov 23, 2009 3:22pm Nov 23, 2009 3:22pm
Thought I would post something I mentioned in my last post to explain a little more. The first picture is of a nice setup in AUDUSD tonight, there was a nice bounce at the TDST support giving a nice trade with only 11 pips risk.

Attached Image (click to enlarge)
Click to Enlarge Name: 23.11.09-c.jpg Size: 213 KB


The second picture shows how I split the 2% risk into two units and use the first unit to bank 2% and the second unit to bank 5%. With the risk being so small with the DeMark entries on the 5 minute chart we only require 22 pips to bank 2% and 55 pips to bank the full 5% meaning that if we get a move of just 55 pips, we bank 7% of our account. Obviously the battle is choosing the best entries to take but even a 25% success ratio will only leave you at -1% for the day/week. I for one am sure I can get a better than 25% success ratio per day/week.

Attached Image (click to enlarge)
Click to Enlarge Name: Moneymanagement.jpg Size: 270 KB


Something to think about,

Cheers
Foggytrader
  • #120
  • Nov 23, 2009 4:47pm Nov 23, 2009 4:47pm
Hi Foggy

I like your thread , I am a fan of TD too , This buy is against the trend , do you trade aganist the trend ?

Quoting foggyTrader
Thought I would post something I mentioned in my last post to explain a little more. The first picture is of a nice setup in AUDUSD tonight, there was a nice bounce at the TDST support giving a nice trade with only 11 pips risk.

Attachment

The second picture shows how I split the 2% risk into two units and use the first unit to bank 2% and the second unit to bank 5%. With the risk being so small with the DeMark entries on the 5 minute chart we only require 22 pips to bank 2% and 55 pips to bank the full 5% meaning that if we...
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