DeMark TDF Trading

EURJPY

Sorry folks been a little busy to post before I enter my trades but should be less busy later today so if I take any other entries they will follow the usual, pre-signal posting first.

Anyway, took this short signal following a 5 minute TDF signal with partial profits taken at 131.90 and the remainder of the position is now at BE and I will see what I can get out of this one as we are bearish on the dailies. I have also attached the one mnute chart to show how this trade could also have been entered on the lower timeframe. As you can see by the red line on the chart I am currently marking all significant bullish and bearish thrusts from the daily, weekly and monthly charts on to my intraday charts as these levels are very important and present a nice opportunity to take TDF setups on lower timeframes on approach to these levels.





Cheers
Foggytrader

USDCAD

Again, sorry folks, very busy today. Added some more longs to my USDCAD positions, attached the entry pictures.



Cheers
Foggytrader

USDJPY - Training

I have been checking out some charts and putting together some more illustrations to help people understand the ways you can use my method. This particular example is of the past 12 hours or so of USDJPY and illustrates how you can wait for multiple reasons for entry but also be patient for a low risk entry. All times in the illustrations are European time GMT+1.


Step One:
If you start by looking at the 1 hour and 30 minute charts, we made TDF buy setups last night after the close of the 20:00GMT bar and 20:30GMT bar respectively. This tells us that the bulls are ready to return.





Step Two:
So, perhaps the risk on those two timeframes is too high, so we start to hunt for TDF buy setups on lower timeframes. So we look firstly down to the 15 minute chart, but there is no TDF buy setups. However, we do have a TDF sell setup which provides us with a TDST support level at 90.92.



Step Three:
So, now, we switch to the 5 minute chart to see if we can get a TDF buy setup there on approach to the 15 minute TDST support level. As you can see, we get the signal on the 5 minute chart providing us with minimum risk (11 pips).



Step Four:
Following that entry I also attached finally the one minute chart showing the first retest of the 15 minute TDST support level which gives us another long entry with even less risk (7 pips).



As you can see from this sequence it is possible to get in with seriously low risk using my method. The only problem I see with this is that a trader would really need to focus on just one pair as there is so much work to do to make sure you understand how the market is moving, perhaps one could chose to focus on just one pair as I am sure during the course of the week the trader would find enough setups to bring a profit.

Cheers
Foggytrader

EURGBP

I have taken a long position on EURGBP as there are multiple TD and TDF buy setups appearing on the 4 hour, 1 hour, 30 minute and 15 minute charts. My entry was on the back of the 15 minute TDF setup. Partial profit taking/BE level 0.8953 closest TDST resistance. I will keep you posted if I make any other decisions on this pair.









Cheers
Foggytrader

pending sell stop

EURJPY

I have gone short this pair on the back of multiple TD and TDF sell setups, the only concerning factor is the 4 hour TDF buy setup from earlier today but overall teh daily picture is bearish so we will see. Should this one move I will take quick profits and move the remainder to BE again.









Cheers
Foggytrader

I think you are not trading as per foggytrader's rules are you? I just do not know why you place your order at that point , there is no bearish thrust anywhere. I think it would be useful to post trades as per the thread trading rules

Waiting for bearish thrust on this pair on 4 hr chart for anyone interested in GBPCAD, it might reach the TDST level at 1.7000. One can see that last week one could have gone long after the TD count down and entered on the bullish thrust. But anticipating that the bearish thurst will occur at around 1.7000 but one is never sure , just wait and observe. I hope this comes out ok, my 2nd time to post charts

A bearish thrust has been formed on a 4hr timeframe , time to look for shorts on lower time frames, i might miss them if they occur during the Asian session, will see tomorrow:

Hello All,

Sorry I was a little busy today so made no postings. Having traded my method now for over two weeks I have learnt a lot about the power of the signals it can produce. However, I have also learned that muliti-timeframe analysis and patience are key to the success possible. Additionally, due to the MTF analysis aspect I have found it hard to follow all the pairs and run this thread resulting in missed opportunities intraday and a sore head to boot. Personally, I didn't become a trader to have to sit in front of a screen 18 hours a day following multiple pairs on multiple TF's. Therefore, I have decided to focus on three pairs namely USDJPY, EURJPY and GBPJPY. I believe these pairs trend well and respect the Demark method and provide signals at similar times which should strengthen the signal. I will try to post all my analysis each day and my trades as I enter. If anyone else would like to take part and trade any other pairs I would appreciate it.

I have a free weekend with plenty of time so I will try to make up some more illustrations on ways to trade this method for anyone who is interested.

Cheers
Foggytrader

Hi Foggy,
I am pretty much a newbie and I have been studying the TDF and you have done great explaining it and giving your analysis simply. Thank you. One question I have though is that you have mentioned that the risk number goes down. How does this happen and what causes it to go down? I have looked at some charts and I think I see a thrust but the risk may be 100-200 pips plus. Have you experienced this as well? Do I need to practice more patience? Thanks for your help.

DJ

Hello DJ,

Glad you understand my analysis and method. Yes, I do experience stoplosses of that size which is why I then zoom into a lower timeframe to find a signal which agrees with the higher timeframe and get in for less risk. If you chose one pair and open up daily, 4 hour, 1 hour, 30 minute, 15 minute and 5 minute charts follow them for a few weeks and you will find that you can't just take any TDF setup it has to agree from the higher timeframe through to the smaller timeframe. This won't occur on a daily basis but when it does the signal will be strong.

This method is primarily a low risk entry method, signals will appear for both directions but it is up to the trader to do the long-term analysis and decide whether they want to take that particular signal. I will do my best to post my analysis on the pairs I have chosen and examples of live setups.

Cheers
Foggytrader

Foggy Foggy Foggy... Oi Oi Oi!!!

foggytrader, please continue with your analysis very useful. I tend to focus on yen pairs most of the time so your analysis will come handy

waiting for breakout buy and sell zone.

EURJPY, M30


Hi foggyTrader

Thank you for sharing your excellent strategy.

Good probabilities for Enter Long on M30 (H1 shows number 6) when daily move don't will goes further down.

I taking Enter Long just now at 1.3079 and make a hedge position if it will goes under 1.2980 and Enter Long once more if H1 shows number 9 (finished candle with higher risk so won't wait for a thrust bar), ...and trade M1 with one more position till H1 candle numer 9 and thrust bar will become clear!.

Kindest regards

Hello Forexcube,

I am happy to share this strategy with everyone and who knows maybe together we can help perfect entry conditions. I know you are an aggressive trader so it will be interesting to see how well this method works for you, goodluck I look forward to your input.

As I mentioned, I am taking a more patient approach and waiting for more important levels to be tested at which point I will seek out TDF setups, I will post some analysis this afternoon.

Cheers
Foggytrader

GBPJPY - Training

Just a quick post to try and illustrate the complicated but not complicated nature of my method.

Ok, so I have mentioned in earlier posts about the multi timeframe analysis so here is a recent example. Pulling up a GBPJPY 4 hour chart firstly, we can see there is a TDF sell setup which completes after the close of the 16:00 GMT+1 bar on the 14th of January. Should anyone wish to take the 4 hour entry the risk was 95 pips however, the beauty of my method is that you can use it on any timeframe to your own advantage in order to reduce risk.



So we have the TDF sell setup on the 4 hour chart now so we begin to move down some timeframes to try and find a potential TDF sell setup that will give us a reduced risk entry to go with the larger 4 hour trend. So we look at the one hour, theres nothing, then the 30 minute, still nothing then we get to the 15 minute chart.



At 01:15am GMT+1 we get a TDF sell setup, this agrees with the larger trend so the probabilities are in our favour and the risk is now reduced to 40 pips. Again, at this point it is possible to zoom in again and I have attached a 1 minute chart which provides an entry with only 19 pips at 01:40, 10 minutes after the 15 minute TDF thrust bar closes. So at this point, the probabilities are stacking up, we have the 4 hour (bearish), 15 minute (bearish) then we get the 1 minute entry.



We then get another TDF sell setup following the close of the 07:00am GMT+1. The interesting thing with this entry is that we also get a bounce from the TDST resistance which as you will is the other DeMark method I use and based my first thread on. So following the TDST failure and TD sell setup we get our bearish thrust bar thus completing the TDF sell setup.

Finally, we get another TDF sell setup later on in the day at 15:30 GMT+1 although the risk here was 72 pips which is quite a lot for a 15 minute chart.

To sum up, I am trying to show everyone that the entries for my method are very accurate and can reduce your risk but it needs a lot of experience to know which trades to take and when. To which I am still learning myself.

What I would advise to anyone who is seriously looking to add this to their trading methods to chose one pair and follow it for several weeks. Add your own important levels, pivots, fibos or trendlines and you will find my method will give you setups as we hit these levels. I myself like thrust analysis so I have added all the important thrust levels from weekly and monthly charts. While you can also keep a watch for TDST levels on daily and 4 hour charts for your chosen pair as when we approach those levels and you get multiple setups on multiple timeframes the opportunity for entry will be there.

I have decided personally, as I have a pc and a laptop, I will trade one pair on each EURJPY and GBPJPY as they are very similar and combined signals will be stronger and they provide good trends. I will post my analysis when and where possible and anyone else can do the same. I have also added the new indicator file and template which can be applied to all timeframes so please use it for postings.

Cheers
Foggytrader

How can I add the "Show data" feature that you have on the TD Count file? I find the data that it shows useful. Thanks and have a great weekend.

DJ

Hello DJ,

Yes, sorry I have not been able to get the information coded into the new file but below is what I am currently doing:

Have all timeframes you wish to follow open with the new indicator and have one chart with the TD Count file. Set the "Show TD" to false and the "Show Data" to true, then anytime you get a signal just go to the chart at the end and switch it to whatever timeframe the signal is on and you will get the trade management information you need.

Cheers
Foggytrader