DeMark TDF Trading

sorry, i can't find the opportunity to post chart during setup or prior setup specially asia throughout euro & london session. I'll try my best during US session.

Happy new year everyone.

Good stuff, looking forward to your input.

Cheers
Foggytrader

EURJPY

As I mentioned in my commentary last night I was looking for certain conditions to be met before I became involved. At this point things are looking very progressive for the bear in this market. As illustrated in the chart below, we will complete a TD Sell Setup tonight, while we may also produce a bearish thrust should yesterdays low at 132.51 be removed to a close. In addition, a close below 132.28 (last bullish thrusts low) is the trigger for a down move according to the BAT analysis which remains in control of the bears.

Should these levels be removed tonight I will become a seller of this market.



Cheers
Foggytrader

Foggytrader,

Very very interesting system this is. I like the idea of entering on bearish or bullish thrust and get confirmation for another netry at the failure of the TDST level, pristine!

I usually only trade on 4 hr chart s and above , your idea of cheching buy or sell zones as per eurgbp chart example gave me more ideas to work on.

Thanks for your long term analysis, USDJPY and CHFJPY might for ma a bearish thrust when they close tonight

Cheers and keep up the good work , learning a lot and looking forward to trading thsis system. My Jason Pearl Book in the country but the bloody post offfice haven't delivered it yet

Regards
A

Thank you FX Snipe,

Yes I am very excited about trading this system over a period of months, it should be very successful, always good to have other people joining in.

Cheers
Foggytrader

Just thought I would confirm how I interpret a thrust bar for those that are not sure or may have a different definition.

Please find below a thrust bar explanation:



Cheers
Foggytrader

AUDUSD

Since breaching the lower BAT support at 0.8893 on the 17th of December the bears have taken a significant step forward. We are currently seeing a nice counter move by the bulls producing the required bullish thrust levels required to enter short. In addition we are currently on bar six of a TD sell setup which will complete this Friday should we close above the close of bar five at 0.9121. I am happy to sit on the sidelines here until one of the following conditions are met:

1. Upper BAT resistance at 0.9290 is breached

2. Last Bullish thrust bars low at 0.8942 is removed to a close

3. Daily TD Sell setup is completed on Friday

Recommendations:

As we get closer to Friday I would keep a close eye on the 30 minute, 1 hour and 4 hour charts for a potential TDF Sell setup.

Hi Foggy...

Very nice start to the thread. Great examples and explanations.

EURGBP

Since breaching the lower BAT support at 0.8866 some weeks ago the bears have really failed to follow through. I am happy to sit on the sidelines until one of the following conditions are met:

1. Upper BAT resistance at 0.9194 is breached

2. Today's bullish thrusts low at 0.8945 is removed to a close



Cheers
Foggytrader

EURJPY

This pair remains under the control of the bears on both the weekly and daily timeframes. Although we have seen a nice bear squeeze move over the festive period this appears to be coming to an end following todays action. I was looking for the completion of a TD Sell Setup today however this signal is no longer in play due to the severity of the down move. Nevertheless, we are set to make a bearish thrust bar and a close below the last bullish thrusts high at the close tonight which is not good news for any bulls left in this market.

I view today's developments as a possible trigger for another attempt on the lows around the 126/27 area followed by a move below 120 in the weeks to come. Therefore I will be looking for fresh TDF selling opportunities.



Cheers
Foggytrader

Thanks Dave, good to see you back, hopefully we will get some live action tomorrow on the Yen pairings.

Cheers
Foggytrader

GBPJPY

As I stated yesterday, this pair is in control of the bears on the daily timeframe and bulls on the weekly therefore making it a little undecided as of yet. However, the bears have won a number of mini battles on the daily timeframe with the successful defence of key TDST resistance levels. In addition, todays developments with the removal of the last bullish thrusts low of 148.22 to a close is just further confirmation and supports the bears case. Therefore I will now begin looking for fresh TDF Sell Setups on the 15 minute, 30 minute and 1 hour timeframes.



Cheers
Foggytrader

GBPUSD

Since removing the lower BAT support at 1.5988 some days ago we have completed the required 25% retracement without the chance to go long short-term. Todays developments have seen the bears remove the last bullish thrusts low to a close which is the trigger entry for a BAT trade. Therefore I will now begin looking for fresh TDF Sell Setups on the 15 minute, 30 minute and 1 hour timeframes.



Cheers
Foggytrader

USDJPY


We have seen some interesting developments over the last few weeks here with the removal of the BAT resistance and a TD Sell setup which completed on Christmas eve. This should provide us with a good selling opportunity as we are now waiting for a bearish thrust bar to signal entry of the TDF trade and a close below the last bullish thrusts low at 91.90 to signal a retracement following the BAT breach. Taking this into consideration I am happy to sit on the sidelines until either of the following conditions are met:

1. Removal of the last bullish thrusts low of 91.90 to a close Complete

2. The formation of a bearish thrust Complete

As you can see from the above commentary from last night today has seen both my conditions met allowing me now to become active in this market.

Therefore I will now begin looking for fresh TDF Sell Setups on the 15 minute, 30 minute and 1 hour timeframes.



Cheers
Foggytrader

Sell

Sell

Sell

Sell

I am still waiting for certain levels to be hit on the other pairs but will post as soon as I see any developments.

Cheers
Foggytrader

EURJPY

We got a TD Sell setup on the 30 minute chart at 05:00am GMT with the first bearish thrust appearing two bars later. Luckily I got up at just the right time and managed to get in a higher level.

Just to point out, for this method of trading I recommend opening one position at the close of the thrust bar and keep adding to that as price retraces some of the thrust bar to give you lower risk using the same stoploss. Just incase price doesn't retrace we obviously want to be in with a decent sized postions so possibly enter 0.5% initially followed by the other 0.5% where possible, the majority of occasions it will be possible to keep adding upon retracement.



Cheers
Foggytrader

USDJPY

Similar to EURJPY this market completed a TD Sell Setup on the 05:00am GMT and we got a first bearish thrust bar which would have been stopped out by now at 92.16, I tried to enter a position around 92.11 but couldn't which I guess was lucky anyway. Nevertheless, the signal is still active and I will keep a close watch for the second bearish thrust at which point I will take some short positions.



Cheers
Foggytrader

GBPJPY

So far today there is nothing on the TDF front although there is a developing TD Sell Setup on the hourly chart and should we close above 146.91 on the 09:00am GMT bar this setup will be complete.



I have just taken a TDST failure on the 5 minute chart, the risk was 40 pips but the failure looked quite promissing.



Cheers
Foggytrader

GBPJPY

The TDST trade has been stopped so I will now wait for the completion of the hourly TD Sell Setup or the formation of the same setup on the 15 minute chart.





Cheers
Foggytrader

GBPJPY

This pair has just completed a TD Sell Setup on the 15 minute chart so I will now await a bearish thrust bar to enter short.

It looks as though we maybe in for some consolidation following the moves over the past couple of days in which case the chances missed on Monday appeared to be the preferred entry level, nevertheless, the markets are unpredictable so it is not up to me to decide where the price will go, all I can do is follow my signals and eventually I will catch the moves, we will see.



Cheers
Foggytrader