DeMark TDST Trading

GBPJPY

Good failure of the TDST resistance so short trade taken, just took a screenshot of the demo account on this one.



Cheers
Foggytrader

EURJPY

Just had a failure at the 5 minute TDST level of 130.00. Short at 129.84 Stoploss at 130.09.



Cheers
Foggytrader

Demo Account - Yen Pairs Stopped, -7% now

Both Yen shorts have been stopped, I will wait for another opportunity to short later in the day. The demo account is now -7%.

There are currently orders to sell both GBPUSD and AUDUSD not yet triggered but I will post should they be triggered. "AUDUSD just cancelled"



Cheers
Foggytrader

Failure of TDST resistance level, orders were triggered so now short at 1.6289 stoploss at 1.6315.



Cheers
Foggytrader

Forward Testing Account - -8.6%

Tough day today with 4 stop outs from very good signals. The account is now down 8.6% but I will not be put off, it will only take one win and the week won't be to bad. There will be good days and bad, it is a question of whether you can handle the bad days and get back on the bike.



Cheers
Foggytrader

AUDUSD

I think I have possibly fallen into the trap of looking for any reason to trade a pair with my new MM idea and AUDUSD falls into that category.

Looking at both the daily and weekly charts it is clear that the bulls are still in control here and following the weekly outside bar formation a few weeks ago the bears have failed to take advantage and remove any important levels. While this remains the case I see no reason to join this market on either side. Looking from a daily perspective I would need to see the bears test the 0.8893 lower BAT support and from a weekly perspective I would need to see the bulls test the 0.9790 TDST resistance on the weekly chart before becoming involved.





Cheers
Foggytrader

foggytrader, I think I woudln't get involved on this pair at this stage as I tend to think that we will not see any directiional moves until next year, my bias on this pair is to the short side so will have to wait for a lower BAT level removal, m y bet is if it does go down , this level will be breaached in the following year

EURGBP

Following the close below the last bullish thrusts low I was expecting to this market make a move for the downside but as of yet it has failed to materialise. We have however made a succession of lower highs this week and although we have closed back above the bullish thrusts low for the last two sessions I am still happy to look for selling opportunities at current levels.

Should we remove the close below bars high at 0.9112 to a close I will stand aside until we either test the BAT resistance at 0.9289 or remove another bullish thrusts low to a close.



Cheers
Foggytrader

EURJPY

Since breaching the lower daily BAT support two weeks ago this market became bearish on all three major timeframes. It looks like I tried to get involved to soon here so I am now lookig at the 132.50 (last bullish thrusts low) as the ideal area to start looking for selling opportunities.

I will hold this view unless we remove the 134.35 level.







Cheers
Foggytrader

EURUSD

As we are currently on the 6th bar of a TD Buy Setup I would love to see this pair test the TDST support level at 1.4578 and the lower BAT support level of
1.4492 at the completion of the setup next Wednesday.

Should this scenario play out I would view this as an ideal opportunity to attempt short-term long positions targeting partial profits at the would be TDST resistance level of 1.5091. While I will hold a small proportion of the trade as we remain bullish on the weekly.





Cheers
Foggytrader

EURGBP

This is one of the three pairs I currently see real opportunity for movement. I have been waiting for a while to get short and failed with a pip here or there keeping me out or stopping me. We got a failure at the current TDST resistance level 0.9048 so a short position has been taken. Thing's didn't go to well yesterday with the new MM idea so perhaps it won't work although I still think I got my daily analysis wrong I should have been on the sidelines with all pairs but for EURGBP, GBPCHF and USDCAD with only EURGBP giving me a true stop yesterday. I was guilty of over trading and am not scared to admit it, so lets see how things go. It might be hard for the next couple of weeks with the festive period but I will keep trying to see if I can make this work. Otherwise, nothing changes for my longer-term low risk DeMark method, you can still build up positions no problem using this method but I was trying to find a way to use it to get bigger profits quicker but it might not be possible. Time will tell.



Cheers
Foggytrader

I also see it winding up for a break. See this post.


Cheers Foggy,

Magnus

USDCAD

Although I was stopped out earlier today on EURGBP, I'll continue going with the demo account, it will only take a couple of winners and we would be back on track so lets just see. We got a failure of the number one TDST support level, entry was at 1.0494 with a stop of 1.0480. Only 12 pips risk so the targets are close by and we have just closed the 1st unit as I was writing this thread for a profit of 2%. The second unit is at breakeven now so lets see if we can finally get a full 7% winner and the account won't look so bad after a bad week.







Cheers
Foggytrader

USDCAD

Nice finish to a bad week with the first 7% winner of the demo account. I hope this illustrates why I am trying to make this MM approach work. As the risk is so small, 12 pips in this case we only need a 70 pip move to bank 7% on our account. Yesterday was a bad day, I blame my own daily analysis on that for over trading with no real reason and if we'd have caught all the EURJPY trades this week and all the other trades since I started the thread, I am fairly sure (I have no exact figures, check through the thread at my entries if you like) that I would be well in profit. It might not be the best time to test this system with things winding down now for Christmas but I will continue my work. Just to point out, again my analysis of GBPCHF and EURGBP is spot on but we just haven't been able to get in with DeMark as of yet, but I am sure there will be many more opportunities into the new year and I will do my best (if anyone is actually interested, not much so far ) to give everyone the best advice on how to trade my method as I can.

In case anyone is interested, I plan to hold my live entry on this pair to the 1.1250 and will look to add to it where possible.



Cheers
Foggytrader

Good stuff Foggy...

Yeah, you can see it clear as clear... one decent one pays for the poor ones!

Good to end in the green.

The positive US news kicked everything off.

Lucky us...

Hi Foggy,

Question on the TD indicator. Once the indicator counts 9 candles does it fix or lock that count in or can it repaint depending on the close of the 10th candle. Alot of these indicators look wonderful in backtesting due to the fact they repaint but in real time they are of little value.

Hi Foggy,

Based on my very limited experience with Demark I can't figure out why you entered this trade. The green 1-9 count support line wouldn't have formed until the close of candle 9 (at least that's when I think the support line is drawn) which is a bit higher that your entry point. It was a very good entry point I'm just not sure how you used the Demark method to enter at that point.

Hello Dave,

Once the 9th candle closes the TD Count is locked in and will never change. You will however sometimes get different TD Counts from different brokers for obvious reasons but there is nothing we can do about that but again it won't happen often. Basically though it is not a re-painting indicator, if you read anything to do with DeMark you would already know this. The rule of a TD Setup is that the current bar must close lower than the close of four bars earlier. Only thing that would change that is if your broker was unreliable.

Hope this helps,

Cheers
Foggytrader

Hello Again Dave,

Thanks for your questions, please don't feel like you can't post anytime your not sure. Ok, so the chart below should clear up your query. As you can see we had a TD Sell Setup with the number one bar (TDST Support Level) started at 15:40 on Thursday. Yesterday at 13:25 we got a touch of this level (1.0484) and a close above it again. Orders would be placed to go long at the high of the touch candle plus spread. I was actually out at the time and got back after the signal so you will see the time of my entry is actually 14:48 but luckily the price came back and I was filled. But there was no doubt here it was a good entry with only 14 pips risk.

Not really sure what you were meaning in your post, maybe I wasn't clear enough in my training examples. The examples I gave were perfect setups but we dont actually have to have a 9 counts 9th bar bouncing off the TDST support/resistance level to be a setup I just did them because they would be an ideal situation.



People talk about only taking pin bars etc but as you will see over the last few weeks of my thread it doesn't really matter, so long as price touches the TDST support or resistance and doesn't close below it again for support or above it again for resistance you just place your orders and hold them until either triggered or the price then closes over the touch candles extreme.

Hope this clears up you question,

Cheers
Foggytrader

Hi,
I ve been trying demark in the past but I was disappointed can you tell me on which post I can find your latest indicators and expert advisor based on demark?
thks a lot