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Attachments: DeMark TDST Trading
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DeMark TDST Trading

  • #341
  • Dec 8, 2009 7:26am Dec 8, 2009 7:26am
Attached Image


EURGBP

Just a quick update on EURGBP here. I was stopped out trying to short this pair this morning and since then it has rallied somewhat. We have produced two TDST resistance levels at 0.9085 and 0.9088 and I am now looking to sell a failure of those levels should we test them any time today.

Attached Image (click to enlarge)
Click to Enlarge Name: Dec-08.09-DeMarke.jpg Size: 200 KB


Cheers
Foggytrader
  • #342
  • Dec 8, 2009 1:02pm Dec 8, 2009 1:02pm
Attached Image


GBPCHF - Forward Testing

Bit of a funny day, two losers and one winner. I had -2% losers with EURGBP and USDCAD although my directional analysis was correct last night. As you can see below, the account history for today is -2% (approx), I have moved the second unit of GBPCHF to breakeven now so we will see if it can reach the 5% target at 1.6831.

Attached Image (click to enlarge)
Click to Enlarge Name: Forward-Testing-Entry-1st-Unit-closed.jpg Size: 362 KB


Cheers
Foggytrader
  • #343
  • Dec 8, 2009 3:36pm Dec 8, 2009 3:36pm
Example - GBPUSD 4 Hour

Just a quick post showing a good example of a DeMark setup. This particular example shows a failure of the TDST resistance level on the 4 hour chart. In this example though we also get a bearish outside bar which I would take as very strong signal. Now to enter the trade here would have been 140 pips however, this could possibly have been a good time to look for shorting opportunities on the 5 minte chart.

Attached Image (click to enlarge)
Click to Enlarge Name: Example-GBPUSD.jpg Size: 178 KB


Cheers
Foggytrader
  • #344
  • Dec 8, 2009 3:50pm Dec 8, 2009 3:50pm
Attached Image


AUDUSD

I was just about to do my analysis for this pair when we got a nice failure of the TDST resistance level. I was about to say that I was looking to sell strength following todays sell-off but this was a nice failure and my strategy is to go short so we will see how it goes.

Attached Image (click to enlarge)
Click to Enlarge Name: 08.12.09-a.jpg Size: 213 KB


Cheers
Foggytrader
  • #345
  • Dec 8, 2009 3:58pm Dec 8, 2009 3:58pm
Attached Image


AUDUSD - Forward Testing Account

Please find below the forward testing entry, because the risk is only 10 pips on this entry we only need 32 pips to reach our 2% target then a further 30 (62 total) to make our 5% target.

Attached Image (click to enlarge)
Click to Enlarge Name: Forward-Testing.jpg Size: 347 KB


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Foggytrader
  • #346
  • Dec 9, 2009 1:14am Dec 9, 2009 1:14am
Quoting foggyTrader
Attachment

AUDUSD - Forward Testing Account

Please find below the forward testing entry, because the risk is only 10 pips on this entry we only need 32 pips to reach our 2% target then a further 30 (62 total) to make our 5% target.

Attachment

Cheers
Foggytrader

Nice trade on Aussie, missed this one was already out of the office by the time the signal appeared. More to come !!
  • #347
  • Dec 9, 2009 1:21am Dec 9, 2009 1:21am
Attached Image


AUDUSD

This pair is getting close to the lower daily BAT support now so I would rather sell strength up to the 0.9141 level or stay on the sidelines here. This was to be my strategy last night but we had a good failure around 10pm so I took it. After a good looking start it got stopped out, and as I say being so close to the daily BAT now I would rather stay on the sidelines or sell strength.

I have also attached the latest 4 hour chart, a few interesting formations there for training purposes.

Attached Image (click to enlarge)
Click to Enlarge Name: 09.12.09-a.jpg Size: 184 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Example-4-Hour.jpg Size: 221 KB


Cheers
Fogytrader
  • #348
  • Dec 9, 2009 1:22am Dec 9, 2009 1:22am
Quoting FXSnipe
Nice trade on Aussie, missed this one was already out of the office by the time the signal appeared. More to come !!
Well, yes good set-up but it was stopped out before it could reach the 2% initial target.

Cheers
Foggytrader
  • #349
  • Dec 9, 2009 1:38am Dec 9, 2009 1:38am
Attached Image


EURGBP

Not really working out as I expected so far this week, however as long as the bearish thrusts high from Friday holds I will continue to look for opportunitiesto go short. We just had a failure of the 0.9088 TDST resistance level so I placed orders to sell the low of the breach bar at 0.9076 with a stop of 0.9094. AS Iwrite this we have just closed above the high of the breach candle therefore the orders are cancelled. I'll attach th echart anyway.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP-09.12.09.jpg Size: 229 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Dec-09.09-DeMark.jpg Size: 230 KB


Cheers
Foggytrader
  • #350
  • Dec 9, 2009 1:38am Dec 9, 2009 1:38am
Quoting foggyTrader
Well, yes good set-up but it was stopped out before it could reach the 2% initial target.

Cheers
Foggytrader

It was a nice trade, we shouldn't just the quality of the decision by the outcome , it was still a nice and pristine trade to take. Failure of the TDST levels on 4hr charts work very well, more so if coupled with failure patterns. I am about to embark on a study looking specisifcally for those and just zoom in to 5 minute for setups as you have mentioned in your earlier post
  • #351
  • Dec 9, 2009 1:49am Dec 9, 2009 1:49am
Quoting FXSnipe
It was a nice trade, we shouldn't just the quality of the decision by the outcome , it was still a nice and pristine trade to take. Failure of the TDST levels on 4hr charts work very well, more so if coupled with failure patterns. I am about to embark on a study looking specisifcally for those and just zoom in to 5 minute for setups as you have mentioned in your earlier post
Good idea, will be interested to hear your results.

Cheers
Foggytrader
  • #352
  • Dec 9, 2009 1:55am Dec 9, 2009 1:55am
Attached Image


EURJPY

This really is the outperformer in the pack recently. I don't know whether everyone who trades this pair uses DeMark but the signals seem to work out perfectly. Over the past 24 hours we have had 3 failures/bounces of TDST levels, one was a buy -2% and two were sells both reaching the 7% target. Unfortunately I was a day late becoming involved here and the last signal occured during the Asian session as I was asleep. Hope anyone following this thread (if there is anyone) caught this one on the Asian session.

In any case, I am still happy to look for opportunities to go short here.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY-Daily-09.12.09.jpg Size: 191 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 09.12.09-DeMark.jpg Size: 203 KB


Cheers
Foggytrader
  • #353
  • Dec 9, 2009 2:34am Dec 9, 2009 2:34am
Attached Image


EURUSD

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-Daily-09.12.09.jpg Size: 276 KB


Cheers
Foggytrader
  • #354
  • Dec 9, 2009 2:55am Dec 9, 2009 2:55am
Attached Image


GBPCHF

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF-Daily-09.12.09.jpg Size: 237 KB


Cheers
Foggytrader
  • #355
  • Dec 9, 2009 3:19am Dec 9, 2009 3:19am
Attached Image


GBPJPY

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY-09.12.09-Daily.jpg Size: 304 KB


Cheers
Foggytrader
  • #356
  • Dec 9, 2009 3:48am Dec 9, 2009 3:48am
Attached Image


GBPUSD

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Daily-09.12.09.jpg Size: 284 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 09.12.09-Demark.jpg Size: 181 KB


Cheers
Foggytrader
  • #357
  • Dec 9, 2009 4:01am Dec 9, 2009 4:01am
Attached Image


USDCAD

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD-Daily-09.12.09.jpg Size: 229 KB


Cheers
Foggytrader
  • #358
  • Dec 9, 2009 7:21am Dec 9, 2009 7:21am
Attached Image


EURJPY

Attached Image (click to enlarge)
Click to Enlarge Name: 09.12.09-DeMark.jpg Size: 229 KB


Cheers
Foggytrader
  • #359
  • Dec 9, 2009 7:36am Dec 9, 2009 7:36am
Attached Image


EURJPY - Forward Testing Account

The picture below shows the entry for the forward testing account. Again I didn't catch it at the actual entry point so saved a few pips, but these things happen from time to time so it is stil valid. So far the account is -4% for three entries so lets see how this one goes.

Attached Image (click to enlarge)
Click to Enlarge Name: Forward-Testing-Entry.jpg Size: 340 KB


Cheers
Foggytrader
  • #360
  • Dec 9, 2009 8:02am Dec 9, 2009 8:02am
Attached Image


GBPCHF

Just gone long GBPCHF at 1.6682 with a stoploss at 1.6657. Not looking the greatest of afternoons for the pound but I can't ignore what the dailies are still saying and it is a good bounce candle.

Attached Image (click to enlarge)
Click to Enlarge Name: 09.12.09-DeMark-5-min-a.jpg Size: 206 KB


Cheers
Foggytrader
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