DeMark TDST Trading | Page 21 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Mouteki/Demark Trendlines 19 replies

DeMark Indicators (ADVANCED) 311 replies

modify Mouteki/ Demark _trend _new indicator? 62 replies

DeMark TDF Trading 287 replies

Anyone following Tom DeMark's methods? 2 replies

Attachments: DeMark TDST Trading
Exit Attachments

DeMark TDST Trading

  • #401
  • Edited 3:30pm Dec 13, 2009 4:38am | Edited 3:30pm
Hi Foggy,

I noticed that every time I put any other lines on my chart and then switch to different time frame all other lines or notations disappear. I'm assuming the TD indicator has some erase function written into it. Any way to get around this?
  • #402
  • Dec 13, 2009 6:01am Dec 13, 2009 6:01am
Quoting guilblau
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
All indicators are in the first post...

Cheers
Foggytrader
  • #403
  • Dec 13, 2009 6:09am Dec 13, 2009 6:09am
Quoting ozziedave
Hi Froggy,

I noticed that every time I put any other lines on my chart and then switch to different time frame all other lines or notations disappear. I'm assuming the TD indicator has some erase function written into it. Any way to get around this?
Hello Dave,

I am not sure if my indicator has an erase function (as I am no expert coder), but I am failry sure without the TD_Count file this happens anyway. You could always try saving your current chart as a template when you have all your lines on it then reload it once you have checked other timeframes. I will ask if there is an erase function however, If there is, I am sure it will be there for a reason.

So did you get the idea on the USDCAD trade now?

Cheers
Foggytrader
  • #404
  • Dec 13, 2009 11:09am Dec 13, 2009 11:09am
Quoting foggyTrader
Attachment

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]I have no exact figures, check...

Way to go foggytrader, key is to take trades as they appear and not worry about losses based on long term analysis, drawdowns will be there for sure, but what I like about it is that 1-3 trades can easily recover the drawdowns
  • #405
  • Dec 13, 2009 1:26pm Dec 13, 2009 1:26pm
Hi friend Foggytrader .. u come up with useful thread and really worth 5 stars,, ur posts very clear and clean.

big thanx
Never sell @ lower upward channel unless breacked and vise versa .
  • #406
  • Dec 13, 2009 1:41pm Dec 13, 2009 1:41pm
Quoting WedWed
Hi friend Foggytrader .. u come up with useful thread and really worth 5 stars,, ur posts very clear and clean.

big thanx
Thanks for the vote of confidence, I do my best and hope people can get something out of it.

Cheers
Foggytrader
  • #407
  • Dec 13, 2009 1:54pm Dec 13, 2009 1:54pm
Attached Image


AUDUSD

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.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.Daily.13.12.09.jpg Size: 235 KB


Cheers
Foggytrader
  • #408
  • Dec 13, 2009 2:28pm Dec 13, 2009 2:28pm
Attached Image


EURGBP

Been calling for selling opportunities since we removed the bear trigger level of 0.9037 on the 4th of December without success thus far. I will continue looking for chances to go short until we get closer to the TDST support level of 0.8901 at which point I will wait to see how it develops. As you can see from the daily chart, the bears have plenty of barriers in front of them if they are to reach the 0.8475 bear target and as we are still under control of the bears on the weekly chart I will watch the reaction of the TDST support levels to enter long in this market.

To sum up, I am still bearish and still looking for opportunities to go short but I am wary of the bullish factors to this market and will be fully prepared to take longs should the opportunity present its self at lower levels.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.-Daily.13.12.09.jpg Size: 201 KB


Cheers
Foggytrader
  • #409
  • Dec 13, 2009 2:50pm Dec 13, 2009 2:50pm
Attached Image


EURJPY

I was hoping that the bulls could push this market up to the last bullish thrusts low at 132.49 to initiate short positions. However, they failed and have posted quite a bearish candle on the daily chart on Friday. While tempted to look for shorts on the back of that I am happy to sit on the sidelines here and view GBPJPY at better levels to sell Yen strength.

To sum up, although I am on the sidelines here I will start looking for selling opportunities should we move towards the 131/32 area.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY-Daily-13.12.09.jpg Size: 188 KB


Cheers
Foggytrader
  • #410
  • Dec 13, 2009 3:32pm Dec 13, 2009 3:32pm
Attached Image


EURUSD

I really love how this pair is setting up and depending on the outcome over the next few sessions I see the possibility of opportunities in either direction. As you can see from the chart below we actually came within 6 pips of the TDST support level on Friday. I had a little photoshop fun with this chart and added an ideal scenario. If we can hit the lower BAT support and close back above the TDST support level while at the same time complete the 9th bar of a TD Buy Setup it will be an ideal opportunity to look for buying opportunities. However, should we close below the TDST support level and remove the BAT support I would still expect to see a retracement higher but should we reach the 9th bars low at 1.4842 this would present the ideal selling opportunity.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.Daily.13.12.09.jpg Size: 176 KB


Cheers
Foggytrader
  • #411
  • Dec 13, 2009 3:53pm Dec 13, 2009 3:53pm
Attached Image


GBPCHF

A complete mirror of the EURGBP analysis, I was hoping to go long after removing the bull trigger of 1.6697 to a close. I will continue to look for opportunities to buy until we get closer to the TDST resistance level of 1.7000. In addition, while we remain under the control of the bears on the weekly chart I will be ready to switch a legions and go long should we get a good failure of any of the TDST resistance levels above.

To sum up, I will still be looking for long opportunities in this market until we test the TDST resistance level of 1.7000 at which point I will move to the sidelines and watch how things develop with the view of selling upon failure.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF-Daily-13.12.09.jpg Size: 193 KB


Cheers
Foggytrader
  • #412
  • Dec 13, 2009 4:10pm Dec 13, 2009 4:10pm
Attached Image


GBPJPY

Unlike EURJPY, GBPJPY actually posted a bullish thrust on Friday however I am still happy to look for opportunities to sell this market after the bulls failed on a retest of the last bullish thrusts low at 145.40. I was short at higher level but was removed during the bear squeeze but still see plenty of downside potential at current levels.

However, should the bulls remove the 60 day SMA I will take a step back and watch how thing develop.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY-13.12.09-Daily.jpg Size: 223 KB


Cheers
Foggytrader
  • #413
  • Dec 13, 2009 4:21pm Dec 13, 2009 4:21pm
Attached Image


GBPUSD

As expected the MA's are providing the resistance here since they were removed them to a close last Tuesday. In a similar fashion to the EURUSD I would prefer to see if the bears can test the lower BAT support at 1.5988 before becoming involved while it may also be possible that we complete a TD Buy Setup at or around the lower BAT level which would be ideal. Should the bears test this level I will look for long opportunities initially as we remain under the control of the bulls on the weekly chart.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Daily-13.12.09.jpg Size: 216 KB


Cheers
Foggytrader
  • #414
  • Dec 13, 2009 4:32pm Dec 13, 2009 4:32pm
Attached Image


USDCAD

Well, since breaching the upper BAT resistance level some weeks ago I have been looking for opportunities to go long. Following the removal to a close of several bearish thrusts highs followed by a failure the bulls seem to be struggling a little. However, I have managed to get one long position on Friday and I will be looking to add to that this week should the opportunity arise. With a double TDST resistance level appearing at 1.0851 I will take partial profits there and be ready to go short should we fail this level on the daily close while I will hold the rest of my position for the ultimate bull target at 1.1250.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD-Daily-13.12.09.jpg Size: 200 KB


Cheers
Foggytrader
  • #415
  • Dec 13, 2009 4:41pm Dec 13, 2009 4:41pm
Quoting foggyTrader
Attachment

USDCAD

Well, since breaching the upper BAT resistance level some weeks ago I have been looking for opportunities to go long. Following the removal to a close of several bearish thrusts highs followed by a failure the bulls seem to be struggling a little. However, I have managed to get one long position on Friday and I will be looking to add to that this week should the opportunity arise. With a double TDST resistance level appearing at 1.0851 I will take partial profits there and be ready to go short should...
Hi, just a question. Why do you only use the 9-bar setup counts and never the 13-bar countdown phase of the Demark theory? The 13 counts that follow the 9's are even more powerful...
  • #416
  • Dec 13, 2009 5:15pm Dec 13, 2009 5:15pm
Quoting foggyTrader
Hello Dave,

I am not sure if my indicator has an erase function (as I am no expert coder), but I am failry sure without the TD_Count file this happens anyway. You could always try saving your current chart as a template when you have all your lines on it then reload it once you have checked other timeframes. I will ask if there is an erase function however, If there is, I am sure it will be there for a reason.

So did you get the idea on the USDCAD trade now?

Cheers
Foggytrader
Hi Foggy,

I have alot of experience with MT4 platforms and you can put trendlines and arrows and all sorts of things on the charts and they stay on the charts as you switch from time frame to time frame. There are certain indicators that you place on your charts that erase all other items on the chart when t you change from one TF to another TF. This TD indicator must be one of them. Maybe someone with some programming experience can look into this and let us know what causes the indicator to erase all the other items on the chart.
  • #417
  • Dec 13, 2009 5:46pm Dec 13, 2009 5:46pm
Quoting foggyTrader
Attachment

GBPUSD

As expected the MA's are providing the resistance here since they were removed them to a close last Tuesday. In a similar fashion to the EURUSD I would prefer to see if the bears can test the lower BAT support at 1.5988 before becoming involved while it may also be possible that we complete a TD Buy Setup at or around the lower BAT level which would be ideal. Should the bears test this level I will look for long opportunities initially as we remain under the control of the bulls on the weekly chart.


Cheers
Foggytrader...
On the weekly chart, is it a breach of a BAT line that tells you that the bulls are in control? Or something else?


Paul
  • #418
  • Dec 13, 2009 8:33pm Dec 13, 2009 8:33pm
Quoting foggyTrader
Attachment

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.

Attachment

Attachment

Attachment

Cheers
Foggytrader

Hi Foogy,

What ATR setting are you using for the BAT indicator?
  • #419
  • Dec 14, 2009 12:11am Dec 14, 2009 12:11am
Quoting myfutureself
On the weekly chart, is it a breach of a BAT line that tells you that the bulls are in control? Or something else?


Paul
Hi Paul,

Think I have posted this one at some point before, yes on the weekly chart the bulls will remain in control unless the bears can remove the 1.5004 level.

I don't post the weekly charts every week unless there are significant developments.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Weekly-14.12.09.jpg Size: 151 KB


Cheers
Foggytrader
  • #420
  • Dec 14, 2009 12:18am Dec 14, 2009 12:18am
Quoting wannatradefx
Hi, just a question. Why do you only use the 9-bar setup counts and never the 13-bar countdown phase of the Demark theory? The 13 counts that follow the 9's are even more powerful...
Yes I know the 13 counts are powerful and I will count them myself on the daily and weekly charts as my indicator doesn't have them, although they would only be of use to me on the 5 minute chart if I was trading TD Setups which I am not. I do have my coder trying to add the 13 count to the file and will update it once it is finished.

Cheers
Foggytrader
1 trader viewing now