Attachments: DeMark TDST Trading

DeMark TDST Trading

#281
Dec 2, 2009 3:44am Dec 2, 2009 3:44am

Yuppie
Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts

Quoting FXSnipe

Disliked

foggytrader, im so angry with myself right now, but again I need to cool off , I have already banked 200 pips on GBPJPY but it really pisses me off whne I realise that I could have banked over 500 pips

Ignored

This feeling will fade with time...

#282
Dec 2, 2009 3:54am Dec 2, 2009 3:54am

foggyTrader
| Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts

Quoting FXSnipe

Disliked

foggytrader, im so angry with myself right now, but again I need to cool off , I have already banked 200 pips on GBPJPY but it really pisses me off whne I realise that I could have banked over 500 pips

Ignored

How could you have banked over 500 pips? As I said yesterday, you have to let things go. There are always more opportunities to make pips, its no big deal, unless you make it one, just be patient.

Just look at my posts, some of the trades I have missed but called, moved to breakeven and been stopped but its gone in my direction. But over the course of the three weeks I am still well in profit so I am happy, you have to learn to take what you get and be ready for your next opportunity. Suddenly the weeks and months will pass and you will look back and think, nice I have a profit and you will then forget all the missed chances.

Its actually like caddying, my golfers always remember their bad shots and tell me they should have shot 5 over par and not 10 over par but they forget about the time they bounced out of a bunker or finished a foot away from a bush. What would have happened if they went in the bunker or the bush, their score could have been higher. The point is, just try to remember the good trades you make, that bit of luck that kept you in a trade which become a profit and forget about missed opportunities as they are gone now, nothing you can do about it.

Cheers
Foggytrader

#283
Dec 2, 2009 4:22am Dec 2, 2009 4:22am

foggyTrader
| Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts

Attached Image

GBPUSD - Hypothetical Forward Testing

Just to let you know that my GBPUSD entry from earlier in the week would also now have Hypothetically hit my 7% target as shown below.

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Cheers
Foggytrader

#284
Dec 2, 2009 4:37am Dec 2, 2009 4:37am

foggyTrader
| Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts

Attached Image

EURGBP - Short

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GBPCHF - Long

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GBPJPY - Long

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GBPUSD - Long

We have made some new levels I will be tracking.

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Cheers
Foggytrader

#285
Dec 2, 2009 4:38am Dec 2, 2009 4:38am

FXSnipe
| Joined Apr 2006 | Status: Spot FX Trader | 126 Posts

Quoting foggyTrader

Disliked

How could you have banked over 500 pips? As I said yesterday, you have to let things go. There are always more opportunities to make pips, its no big deal, unless you make it one, just be patient.

Just look at my posts, some of the trades I have missed but called, moved to breakeven and been stopped but its gone in my direction. But over the course of the three weeks I am still well in profit so I am happy, you have to learn to take what you get and be ready for your next opportunity. Suddenly the weeks and months will pass and you will look...

Ignored

Thanks for your advice, I could have banked over 500 pips as I use multiple lots in my trades depending on how confident I am on the trade. I will be taking golf lessons from next year as my weakest point is impatience and getting pissed off too quickly on stop outs. There is a nice golf course 5 minutes from my house so hopefully will help me to destress in times like this. I have already closed my charting program I ma not in the right frame of mind

#286
Dec 2, 2009 4:40am Dec 2, 2009 4:40am

FXSnipe
| Joined Apr 2006 | Status: Spot FX Trader | 126 Posts

Quoting Yuppie

Disliked

This feeling will fade with time...

Ignored

thansk yuppie, Im currently looking for ways to help me with impatinece and getting angry after mising mobves or stop outs. I need help in this area

#287
Dec 2, 2009 4:45am Dec 2, 2009 4:45am

Yuppie
Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts

Quoting FXSnipe

Disliked

thansk yuppie, Im currently looking for ways to help me with impatinece and getting angry after mising mobves or stop outs. I need help in this area

Ignored

You don't really.

These "issues" sort themselves out as your confidence grows in your method and you see tangible, irrefutable results.

The only thing you can do in the meantime is acknowledge them as best you can and continue with your method.

Magnus

#288
Dec 2, 2009 7:20am Dec 2, 2009 7:20am

foggyTrader
| Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts

Attached Image

EURGBP

Highlighting the fact that this pair had become extremely bearish last night following the completion of a TD Sell Setup coupled with a clear failure at the 50% Fibonacci retracement level during the last few session. We have now reached the critical support level of 0.9037 which if taken to a close tonight will have the bulls running for cover. Should this level be taken to a close I will still look for short opportunities until we hit the daily TDST support level of 0.8899 at which point I will watch from the sidelines to see how things develop. This strategy holds unless the bulls can remove todays high.

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Cheers
Foggytrader

#289
Dec 2, 2009 8:02am Dec 2, 2009 8:02am

Yuppie
Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts

A question...

You obviously use the close of the day.

Now, do you use the standard 22:00GMT close - or what ever your platform is set at (which I think would regard the close at 23:00GMT if it is MIG)?

Magnus

#290
Dec 2, 2009 8:10am Dec 2, 2009 8:10am

foggyTrader
| Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts

Quoting Yuppie

Disliked

A question...

You obviously use the close of the day.

Now, do you use the standard 22:00GMT close - or what ever your platform is set at (which I think would regard the close at 23:00GMT if it is MIG)?

Magnus

Ignored

I use the close time of my broker which is 23:00 GMT.

Cheers
Fogytrader

#291
Dec 2, 2009 8:56am Dec 2, 2009 8:56am

goldcrash
| Joined Jul 2009 | Status: Trader | 78 Posts

Hi Foggy Trader..

First of all thank you very much for your nice system! May I know the parameters of your Bat Indicator?Thank you very much in advance!

#292
Dec 2, 2009 10:53am Dec 2, 2009 10:53am

foggyTrader
| Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts

Attached Image

GBPJPY

Just as I was about to take a back seat so far as going long GBPJPY and we get quite a nice failure candle. Should this one hold out I will keep a tight stop on it as I feel the long end of this trade has almost played itself out and the risk is more to the downside over the next few days. I have a target of 147 just below the 60 day SMA for my other long should it get there, if not my short from 148 is still holding.

Just stopped after I posted

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Cheers
Foggytrader

#293
Dec 2, 2009 1:37pm Dec 2, 2009 1:37pm

FXSnipe
| Joined Apr 2006 | Status: Spot FX Trader | 126 Posts

Quoting foggyTrader

Disliked

Attachment

EURGBP

Highlighting the fact that this pair had become extremely bearish last night following the completion of a TD Sell Setup coupled with a clear failure at the 50% Fibonacci retracement level during the last few session. We have now reached the critical support level of 0.9037 which if taken to a close tonight will have the bulls running for cover. Should this level be taken to a close I will still look for short opportunities until we hit the daily TDST support level of 0.8899 at which point I will...

Ignored

Nice trade

#294
Dec 2, 2009 1:44pm Dec 2, 2009 1:44pm

Yuppie
Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts

Quoting foggyTrader

Disliked

GBPJPY

Just as I was about to take a back seat so far as going long GBPJPY and we get quite a nice failure candle. Should this one hold out I will keep a tight stop on it as I feel the long end of this trade has almost played itself out and the risk is more to the downside over the next few days. I have a target of 147 just below the 60 day SMA for my other long should it get there, if not my short from 148 is still holding.

Just stopped after I posted

Attachment

Cheers
Foggytrader...

Ignored

Feel your pain on this one... if you'd have skipped the #3 count and gone for the #2, you'd be high and dry... it's a knife-edge!!

#295
Dec 2, 2009 3:18pm Dec 2, 2009 3:18pm

foggyTrader
| Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts

Quoting Yuppie

Disliked

Feel your pain on this one... if you'd have skipped the #3 count and gone for the #2, you'd be high and dry... it's a knife-edge!!

Ignored

Yes, well although the #2 count was a better candle it did close below the TDST support level therefore was not an entry according to the rules.

Cheers
Foggytrader

#296
Dec 2, 2009 3:22pm Dec 2, 2009 3:22pm

foggyTrader
| Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts

Attached Image

GBPUSD

I have been waiting to go long on this pair all day, the actual touch candle wasn't a real failure candle but the low of the touch candle was the TDST support and the reaction over the next few bars were good so I took this one, I maybe right I maybe wrong, we will see.

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Cheers
Foggytrader

#297
Dec 2, 2009 3:24pm Dec 2, 2009 3:24pm

Yuppie
Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts

Quoting foggyTrader

Disliked

Yes, well although the #2 count was a better candle it did close below the TDST support level therefore was not an entry according to the rules.

Cheers
Foggytrader

Ignored

Yeah, just checked my MT4 feed and, true, it did.

My eSignal feed showed it closing above (well, the TDST support was calculated as lower than MT4).

#298
Dec 2, 2009 3:34pm Dec 2, 2009 3:34pm

foggyTrader
| Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts

Quoting Yuppie

Disliked

Yeah, just checked my MT4 feed and, true, it did.

My eSignal feed showed it closing above (well, the TDST support was calculated as lower than MT4).

Ignored

Sometimes different feeds will give different TDST levels and bounces, nothing you can do about that, just take what you see on your chart, it will even itself out over time.

Cheers
Foggytrader

#299
Dec 3, 2009 12:42am Dec 3, 2009 12:42am

foggyTrader
| Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts

Attached Image

Looks as though the bulls are finally taking a hold on this pairing, should they get through the 1.6875 level we should see them go as high as 1.7296 initially. I have taken my stop to breakeven here.

Attached Image (click to enlarge)