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DeMark TDST Trading

  • #481
  • Dec 17, 2009 4:17am Dec 17, 2009 4:17am
Attached Image


USDJPY

Currently the bears are in control on both the weekly and daily timeframes, however, the bulls have taken significant steps by removing the TDST resistance and the 9 bars low to a close. At this point I see no reason to get involved on either side and I would like to see the bulls remove the upper BAT resistance level at 91.44 before I become involved.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.Daily.17.12.09.jpg Size: 159 KB


Cheers
Foggytrader
  • #482
  • Dec 17, 2009 4:59am Dec 17, 2009 4:59am
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  • #483
  • Dec 17, 2009 5:01am Dec 17, 2009 5:01am


more good news and juices

Quoting fxtaiko
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  • #484
  • Dec 17, 2009 5:30am Dec 17, 2009 5:30am
Quoting fxtaiko


more good news and juices
Once again nice trade by Mr Taiko, however I am sure everyone would like an explaination on how he trades these setups. So far we have only seen good trades from you and I can see two trades in the picture which would have been losers I am assuming, although I don't know what your rules are, please share them with us Mr Taiko. The thread is not for boasting about good trades you make but to help people understand how to trade DeMark, preferably before it happens or at the time of the setup as I have done.

Your contribution would be most appreciated,

Cheers
Foggytrader
  • #485
  • Dec 17, 2009 6:11am Dec 17, 2009 6:11am
Quoting fxtaiko


more good news and juices
fxtaiko, please explain why or what criteria you are using to enter the trades as it seems your entry do not have anything to do with the thread originator's rules
  • #486
  • Dec 17, 2009 7:13am Dec 17, 2009 7:13am
Quoting foggyTrader
Once again nice trade by Mr Taiko, however I am sure everyone would like an explaination on how he trades these setups. So far we have only seen good trades from you and I can see two trades in the picture which would have been losers I am assuming, although I don't know what your rules are, please share them with us Mr Taiko. The thread is not for boasting about good trades you make but to help people understand how to trade DeMark, preferably before it happens or at the time of the setup as I have done.

Your contribution would be most appreciated,

Cheers
Foggytrader...
Mr Taiko has assured me he will do his best to post his trades with better explaination in the future but he is a busy family man so lets not be so hard on him

Cheers
Foggytrader
  • #487
  • Dec 17, 2009 8:08am Dec 17, 2009 8:08am

thank you foggy. to be frank the previous entry post setup was made by my wife. She got a better entry than i am. She just learnt from me. I'm very proud of her.
Well to explain my setup. We already identified the major trend is down.
Just patiently wait for the completion of 9th count 1H tf.
which was yesterday.
That's telling today i'm will just be looking for a good pending sell stop entry.
where? fractal
as you can see there's 2 fractal entries that's has been made.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 31 KB
  • #488
  • Dec 17, 2009 8:30am Dec 17, 2009 8:30am
Quoting fxtaiko

thank you foggy. to be frank the previous entry post setup was made by my wife. She got a better entry than i am. She just learnt from me. I'm very proud of her.
Well to explain my setup. We already identified the major trend is down.
Just patiently wait for the completion of 9th count 1H tf.
which was yesterday.
That's telling today i'm will just be looking for a good pending sell stop entry.
where? fractal
as you can see there's 2 fractal entries that's has been made.
Excellent work, how good is that, your wife also likes to trade. I think that is actually a good thing as you can take turns to keep an eye on what is happening when the other is busy, lucky guy

Ok, thanks for the explaination. It is similar to the idea's I have and I am looking into starting a new thread in the new year focusing on trading TD setups along with my own idea's.

Keep up the good work and we can show everyone how good DeMark can be as a trading method.

Cheers
Foggytrader
  • #489
  • Dec 18, 2009 6:35am Dec 18, 2009 6:35am
Where can I find the BAT indicator?
  • #490
  • Dec 18, 2009 7:08am Dec 18, 2009 7:08am
Quoting zeCarvalho
Where can I find the BAT indicator?
You will find the BAT indicator and all you need to know about it here:

http://www.forexfactory.com/showthre...=95328&page=21

Cheers
Foggytrader
  • #491
  • Dec 18, 2009 7:24am Dec 18, 2009 7:24am
Quoting foggyTrader
Attachment

USDJPY

Currently the bears are in control on both the weekly and daily timeframes, however, the bulls have taken significant steps by removing the TDST resistance and the 9 bars low to a close. At this point I see no reason to get involved on either side and I would like to see the bulls remove the upper BAT resistance level at 91.44 before I become involved.

Attachment

Cheers
Foggytrader
Hi Foggy,

Just wanted to say how much I enjoy reading your analysis of the pairs.
  • #492
  • Dec 18, 2009 7:48am Dec 18, 2009 7:48am
Quoting ozziedave
Hi Foggy,

Just wanted to say how much I enjoy reading your analysis of the pairs.
Thanks Dave,

I find doing the daily analysis very enjoyable and helps keep me on my toes with regards to always taking a longer-term look at the markets and finding certain levels that need to be tested or removed before I become involved.

Nothing much to report today, I am waiting on bullish daily thrusts on AUDUSD and EURUSD, a lower BAT breach for GBPUSD, Will look for TD Sell Setups (New Strategy) followed by bearish thrusts on the 30 minute, 1 hour or 4 hour chart on GBPCHF and USDJPY as it approaches the 91.44 BAT resistance level. Other than that there is nothing doing so I will leave the next batch of analysis for the weekend.

Cheers
Foggytrader
  • #493
  • Edited 7:07am Dec 20, 2009 6:40am | Edited 7:07am
Hi Foggy Trader,
thanks for posting - looks good, I will to try to backtest your system,
I have created several system based on demark indicators - and found that its extremely hard to find fully automatic system that will be profitable all the time
in particular I used TDST to enter to trade after completition of TDSEtup
- i also used TDMoving average on day period to identify long term market move and filter signals
anyway it was very profitable along 2008 with small loss downsides but had almost zero profit during 2009.
demark suggest to trade TDST levels using its 3 break out qualifiers(the same as for tdlines) - i tried that and found its not good enough
probably bounce tactic will be more profitable as in trending markets TDSetup often loose even having close TDST support/resistance
  • #494
  • Dec 21, 2009 12:34am Dec 21, 2009 12:34am
Quoting fxtaiko

thank you foggy. to be frank the previous entry post setup was made by my wife. She got a better entry than i am. She just learnt from me. I'm very proud of her.
Well to explain my setup. We already identified the major trend is down.
Just patiently wait for the completion of 9th count 1H tf.
which was yesterday.
That's telling today i'm will just be looking for a good pending sell stop entry.
where? fractal
as you can see there's 2 fractal entries that's has been made.

Fxtaiko, Thanks for sharing. tell your wife to continue participating I am sure foggytrader wouldn't mind
  • #495
  • Dec 21, 2009 12:47am Dec 21, 2009 12:47am
Quoting Ivan1981
Hi Foggy Trader,
thanks for posting - looks good, I will to try to backtest your system,
I have created several system based on demark indicators - and found that its extremely hard to find fully automatic system that will be profitable all the time
in particular I used TDST to enter to trade after completition of TDSEtup
- i also used TDMoving average on day period to identify long term market move and filter signals
anyway it was very profitable along 2008 with small loss downsides but had almost zero profit during 2009.
demark suggest to trade...
I ma leanring more about DeMark indicators from foggytrader and would be interested to learn about your findings, I pm'd you unfortunately your settings do not seem to accept pm's
  • #496
  • Dec 21, 2009 6:03am Dec 21, 2009 6:03am
Attached Image (click to enlarge)
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  • #497
  • Dec 21, 2009 7:35am Dec 21, 2009 7:35am
Quoting fxtaiko
fxtaiko, i thought you short at the break of pivot low once you have a completed 9 bar count?
  • #498
  • Dec 21, 2009 7:28pm Dec 21, 2009 7:28pm
Hi Foggy...

Here is my EU short trade for Monday. First off I have the Daily chart and we've just broken through and closed below the BAT support line. So On Monday I'm expecting that we'll get some sort of pullback and we did. Although we did get a small pullback I still think there may be more room to the upside this week for a stronger pullback on Tuesday or Wednesday. Also on Monday we reached the lowest low of Friday and this low is the lowest point since Sept 2009. I'd be cautious taking any longer term trades south until we clear that low.

OK, with all of that said on Monday we did get a pullback and I was watching the 15m chart. We had a TD Sell set up and the candles kept going higher after the 9 count stopped. So I thought I'd wait for a bearish thrust bar before even thinking of getting in short. We get the first bearish thrust bar and I'm not sure I believe we're going to turn around at this point. I'm thinking we still need to go a bit further north with this retracement. So we get a lower high and then another thrust bar and I jump in short at 1.4343 since we have a lower high/thrust bar combination. Took this one down to 1.4314 when it started to retrace and I thought it might turn around and continue north at this point. So got out with +29 pips and of course looking at the chart in hind site I missed out on a trade that would have netted +100 pips. Despite the price movement in the down direction I still think that we may get a retrace north this week before resuming the downward march. Again, just how I see the market right now. If we break Fridays and Mondays lows we may go down to the 1.4170 mark without a major retrace. Either way I'm ready for which ever way the market decides to go.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu daily t7.gif Size: 23 KB
Click to Enlarge Name: eu 15m short t8.gif Size: 24 KB
  • #499
  • Dec 21, 2009 7:46pm Dec 21, 2009 7:46pm
Here is my take on the EJ daily chart. We've been in a range for about 8 months. It's a big range but it's still a ranging market. We've broken the BAT support line to the downside twice now creating a double bottom which typically means a move north. What might happen is price will move north until it reaches the downward (red) Trend Line and when it gets close to the TL price my get rejected and the down trend will continue. Confirmation of the down trend would certainly be a break and close below the double bottom formation. Remember this is a daily chart so this won't happen over night, It could take a week or more, especially with Xmas in a few days.
Attached Image (click to enlarge)
Click to Enlarge Name: ej daily t9.gif Size: 29 KB
  • #500
  • Dec 22, 2009 6:06am Dec 22, 2009 6:06am
Quoting ozziedave
Hi Foggy...

Here is my EU short trade for Monday. First off I have the Daily chart and we've just broken through and closed below the BAT support line. So On Monday I'm expecting that we'll get some sort of pullback and we did. Although we did get a small pullback I still think there may be more room to the upside this week for a stronger pullback on Tuesday or Wednesday. Also on Monday we reached the lowest low of Friday and this low is the lowest point since Sept 2009. I'd be cautious taking any longer term trades south until we clear that low.

OK,...
Hi Ozziedave,

cant agree with such entry though it was profitable as there is no really TDST bounce so it just gone through tdst resistance and after some time went down

there was another instance of bullish bounce that fit to foggy trader strategy
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