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DeMark TDST Trading

  • #421
  • Dec 14, 2009 12:22am Dec 14, 2009 12:22am
Quoting ozziedave
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.
As I already posted, I will ask if there is an erase function however, If there is, I am sure it will be there for a reason.

Cheers
Foggytrader
  • #422
  • Dec 14, 2009 12:26am Dec 14, 2009 12:26am
Quoting ozziedave
Hi Foogy,

What ATR setting are you using for the BAT indicator?
For EURJPY I use a BAT setting of 5 and 7.0. With the BAT you need to play around and find your own settings that suit the market or timeframe. I have used the same settings for over a year and they won't change. Just remember to make sure your platform does't have any Sunday data on the chart as that will skew the BAT levels.

Cheers
Foggytrader
  • #423
  • Dec 14, 2009 2:23am Dec 14, 2009 2:23am
Attached Image


EURGBP

We have just completed a TD Buy setting providing a TDST resistance level at 0.9048. I see this as an ideal level to go short should we retest this area and post a failure candle.

Attached Image (click to enlarge)
Click to Enlarge Name: Dec-13.09-DeMark.jpg Size: 185 KB


Cheers
Foggytrader
  • #424
  • Dec 14, 2009 2:26am Dec 14, 2009 2:26am
Attached Image


GBPCHF

We have just completed a TD Sell Setup providing a TDST support level at 1.6698. I am now looking to buy a bounce of this level should it be retested.

Attached Image (click to enlarge)
Click to Enlarge Name: 13.12.09-DeMark5-min.jpg Size: 179 KB


Cheers
Foggytrader
  • #425
  • Dec 14, 2009 7:16am Dec 14, 2009 7:16am
Quoting foggyTrader
As I already posted, I will ask if there is an erase function however, If there is, I am sure it will be there for a reason.

Cheers
Foggytrader
Hi Foggy,

I'm not trying to be a PIA. But when you do all of your notations on your charts and change time frames do all of your notes disappear? If not then I may have something on my charts other than the Demark TD indicator that is erasing my trendlines and notes.
  • #426
  • Dec 14, 2009 7:22am Dec 14, 2009 7:22am
Quoting foggyTrader
For EURJPY I use a BAT setting of 5 and 7.0. With the BAT you need to play around and find your own settings that suit the market or timeframe. I have used the same settings for over a year and they won't change. Just remember to make sure your platform does't have any Sunday data on the chart as that will skew the BAT levels.

Cheers
Foggytrader
Hi Foggy,

Seems to be my night to ask DAH questions. When you say 5 and 7.0 your talking about the ATR and the factor fields??? Just wanted to make sure because I have BAT indicator from several years ago.
  • #427
  • Dec 14, 2009 8:24am Dec 14, 2009 8:24am
Quoting ozziedave
Hi Foggy,

I'm not trying to be a PIA. But when you do all of your notations on your charts and change time frames do all of your notes disappear? If not then I may have something on my charts other than the Demark TD indicator that is erasing my trendlines and notes.
Dont worry Dave you are not a PIA, I am on to it and I will let you know what can be done as soon as I know. You are right with the BAT settings. Just play around with them, check back a few years and see how best the setting should be, after that the market will respect them. For me it basically gives me an idea of who is in control, the bulls or the bears. Then after I look for opportunities with thrust bars and DeMark.

Cheers
Foggytrader
  • #428
  • Dec 14, 2009 9:10am Dec 14, 2009 9:10am
Attached Image


USDCAD

As posted last night I am looking to add to my long position here and as we just had a good bounce from the TDST support level, orders were placed and triggered so I am now long 1.0633 with a stoploss at 1.0610.

Attached Image (click to enlarge)
Click to Enlarge Name: 13.12.09.5min.jpg Size: 225 KB


Cheers
Foggytrader
  • #429
  • Dec 14, 2009 9:18am Dec 14, 2009 9:18am
Attached Image


USDCAD - Forward Testing Account

Still testing out the MM idea so here's a shot of the demo account with the same trade.

Attached Image (click to enlarge)
Click to Enlarge Name: Hypothetical-13.12.09.jpg Size: 322 KB


Cheers
Foggytrader
  • #430
  • Dec 14, 2009 9:24am Dec 14, 2009 9:24am
FoggyTrader,

What system is your code written for? Do you happen to have the TDST cost for TradeStation?

Thanks.
  • #431
  • Dec 14, 2009 9:50am Dec 14, 2009 9:50am
Quoting Amit
FoggyTrader,

What system is your code written for? Do you happen to have the TDST cost for TradeStation?

Thanks.
Hello Amit,

Sorry I don't quite understand your questions. What system is my code writen for, do you mean what trading platform? If so it is Metatrader. What does the TDST cost for tradestation? Not sure about that but this indicator is free for anyone who wants to use it and can be found on the first post of this thread.

Hope this helps, if not please try to explain again.

Cheers
Foggytrader
  • #432
  • Dec 14, 2009 10:04am Dec 14, 2009 10:04am
Attached Image


USDCAD - Stopped

This was a quick one, I will now wait to see the reaction at the 1.0587 level and should we get a bounce there I will go long again.

I just took profits on my trade from Friday but not intentionally, the multi trader takes a bit of getting used to and I forgot to uncheck my first trade when setting the stoploss on the entry from today so the first entry got the same stoploss and was closed for a profit in pips of 119. Hopefully I won't be kicking myself over this mistake later, but forex being forex I likely will. Anyway, it has gone now so I will patiently wait for another opportunity.

Attached Image (click to enlarge)
Click to Enlarge Name: 13.12.09.5minb.jpg Size: 181 KB


Cheers
Foggytrader
  • #433
  • Dec 14, 2009 10:20am Dec 14, 2009 10:20am
My apologies for the totally confusing post... I guess multi-tasking is not my forte.

I meant to ask, if you have the code available for TS, I would love to see it. I am trying to code it in TS, but I am very new to Easy Language and struggling with some of the nuances.
  • #434
  • Dec 14, 2009 1:28pm Dec 14, 2009 1:28pm
Quoting Amit
My apologies for the totally confusing post... I guess multi-tasking is not my forte.

I meant to ask, if you have the code available for TS, I would love to see it. I am trying to code it in TS, but I am very new to Easy Language and struggling with some of the nuances.
Hi Amit,

Sorry still not sure what you want, what is TS? Am i missing something or just completely dumb. I have no coding experience so you will need to explain in english. Do you want the code for the TD_Count file I have in the first post?

Cheers
Foggytrader
  • #435
  • Dec 14, 2009 3:23pm Dec 14, 2009 3:23pm
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.14.12.09.jpg Size: 235 KB


Cheers
Foggytrader
  • #436
  • Edited 4:13pm Dec 14, 2009 3:38pm | Edited 4:13pm
Attached Image


EURGBP - No Change

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.

We got a retest and failure of the bear trigger today at 0.9037, however the price came within 4 pips of the main TDST resistance level so there was no DeMark entry today.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.-Daily.14.12.09.jpg Size: 205 KB


Cheers
Foggytrader
  • #437
  • Dec 14, 2009 3:50pm Dec 14, 2009 3:50pm
Attached Image


EURJPY - No Change

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.

No Change here, still waiting for a move higher to look for selling opportunities

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY-Daily-14.12.09.jpg Size: 187 KB


Cheers
Foggytrader
  • #438
  • Dec 14, 2009 4:00pm Dec 14, 2009 4:00pm
Attached Image


EURUSD - No Change

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.

No change here although on a lighter note, todays candle is very similar to the ideal scenario candle I posted last night, spooky ... Let's hope the rest of the scenario plays out and we get some good opportunities.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-Daily-14.12.09.jpg Size: 186 KB


Cheers
Foggytrader
  • #439
  • Dec 14, 2009 4:12pm Dec 14, 2009 4:12pm
Attached Image


GBPCHF - No Change

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.

No change here, in similar fashion to EURGBP we did retest the bull trigger here at 1.6697 (actual low 1.6698) but got no signals on the DeMark front. I will continue to look for opportunities.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF-Daily-14.12.09.jpg Size: 198 KB


Cheers
Foggytrader
  • #440
  • Dec 14, 2009 4:19pm Dec 14, 2009 4:19pm
Attached Image


GBPJPY - No Change

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.

No change here, we didn't have any chance to go short today so I will continue to wait patiently.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY-14.12.09-Daily.jpg Size: 224 KB


Cheers
Foggytrader
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