DeMark TDF Trading

USDJPY

The remainder of my long positions here have been removed at breakeven. With the break of the lower BAT today I expect a squeeze but the break does still indicate the bears now have the power so one has to exercise caution. We have just made a bounce from the 89.22 TDST support levels which are on the 15 and 30 minute timframes and we have the possability of a TD buy setup on the 5 minute chart. Should this materialise I will take another light, long position.





Cheers
Foggytrader

USDJPY

We completed the 5 minute TDF buy setup so I have taken another long position. With the daily BAT breach often associated with a bounce/squeeze, the 4 hour TD buy setup and now the bounce from the double (15 & 30 min) TDST support and 5 minute TDF, the probabilities should now be in our favour but one can never be certain in this business, we will see.







Cheers
Foggytrader

USDJPY

I have taken some profits at the 30 minute TDST reisistance level which was the earlier target and moved the remaining position to BE as I would view hitting that level again tonight post-news as not good. Again, I will see how things close tonight before I make a decision on a target for the remaining position if it is still open, with the 4 hour TD buy setup in play we could see a healthy retracement from here.



Cheers
Foggytrader

GBPJPY & GBPUSD

Both GBPUSD and GBPJPY are trading around my daily and weekly thrust resistance levels. Having already completed a TD sell setup I am now waiting for a thrust bar to complete my TDF sell setup and go short.

I will keep you updated





Cheers
Foggytrader

USDJPY

I have closed out the remainder of my long positions at 90.44 as we have hit the next 30 minute TDST resistance at 90.49 while we have also bounced from the 4 hour TDST resistance level for the past 8 hours and although we are currently above this particular level we cannot rule out a failure.



Cheers
Foggytrader

GBPUSD

This pair is looking the better short option currently. We have completed a 5 minute TD sell setup and we are waiting for a thrust bar. We are on the 9th bar of a 15 minute TD sell setup. We have hit 30 minute TDST resistance and we are right up around my daily weekly thrust resistance.

I will keep you updated







Cheers
Foggytrader

GBPUSD

I took two short positions 10 and 12 pips risk and was taken out, I will now wait for the second thrust bar to make another attempt at shorting.



Cheers
Foggytrader

GBPJPY

We certainly seem to have stopped for breath here while the market decides, will it go higher or lower? I have attached the 15 minute chart here, as you can see we will complete a 15 minute TD sell setup in 5 minutes time and notice how it is bouncing off my levels. I am still happy to take the next 5 minute thrust bar short here while we reamin below my daily/weekly thrust resistance levels.



Cheers
Foggytrader

GBPUSD

I have taken a light short position now on the back of the second bearish thrust bar, this one was quite substancial but therefore giving a larger stop of 38 pips.



Cheers
Foggytrader

GBPJPY

We have finally made the 5 minute bearish thrust bar to complete the TDF sell setup while simultaneously we produced the 15 minute thrust bar also completing a TDF sell setup there. The stoploss is around 50 pips and slightly more if you take the 15 minute entry, I am going to wait for the price to go higher before I take any short positions to limit my risk.



Cheers
Foggytrader

GBPJPY

I have taken a short entry at 146.98 reducing my risk somewhat. I attached the 30 minute chart which shows a failure at the TDST resistance level with a bearish ourside bar, that is, made a new high and close below the low of the previous bar. With USDJPY and GBPUSD also right up against key resistance levels, the probabilities are stacking up for a failure here. Only time will tell, but the idea is to try and build up the probabilities in your favour through multi-timeframe analysis then use a amethod of entry, which for me is TDF.

What a point by Murray!!!





Cheers
Foggytrader

GBPJPY

I have set 146.10 as my partial profit taking level at which point I will move the remainder of the position to BE. Additionally, should we make a TD buy setup I will place my stop to the 147.17, the last swing high on the 5 minute thus reducing risk somewhat.



Cheers
Foggytrader

GBPUSD

Same idea here as with GBPJPY. I have set my initial profit taking level to 1.6200 at which point I will exit half my position and move the remainder of the position to BE. Again, should we make a TD buy setup before this level is achieved I will move the stoploss to 1.6274 thus reducing my risk a little should the market wish to take out my thrust levels in the US session.



Cheers
Foggytrader

GBPUSD



GBPJPY



USDJPY

Interesting developments on the 4 hour charts at present. As we can see in the pictures below, GBPUSD and GBPJPY have failed at my thrust levels at three attempts now with GBPUSD posting a TD sell setup 10 minutes ago. Additionally, USDJPY has just posted some bearish looking candles at my thrust level as I mentioned could be the case earlier and failed at the TDST resistance. Again, time will tell here but certainly for GBPJPY, this makes the outlook quite bearish for a run to the 141 area now with both USDJPY and GBPUSD looking bearish as of course GBPJPY is influenced on the movements of these two pairs.







Cheers
Foggytrader

Good trade on GJ, also went short trading via my laptop I'm not at home so I haven't installed Skype yet. Decided to bail out with 30 pips, I'm not in the right frame of mind at the moment got a lot of distractions that impact my trading so I will not trade until next week. Your strategy of including thrust bar levels on highe timeframes is picking good spots to trade

GBPUSD

I decided to close out all of my positions at the 1.6200 level, currently I see the as more of an intraday position as we are still experiencing trendless conditions, in other words take some quick profits and wait for further developments, although as I type the move is looking quite substancial.



Cheers
Foggytrader

GBPJPY

As I mentioned in an earlier post today, the writing was on the wall for the bears to return here and so it has proved. The daily/weekly thrust areas found in GBPUSD, USDJPY and GBPJPY proved to be a step to far for the bulls. Anyway, I took partial profits at the 146.10 level and moved the remainder of the position to BE. Unlike GBPUSD, I have decide to hold half of this position as I see more downside potential here to the 141 handle initially. I expect serious battle to comence between the bulls and the bears at this level with multiple daily and weekly bull thrust supports lying in wait, who will win, that is a tough one to call.

At the moment I will stand aside for the day and check out things tonight and find some new levels to monitor.



Cheers
Foggytrader

Just started demo trading this method on the 4hr chart. Very promising results so far

GBPJPY

Should anyone else like to take some more profits on the entry from this morning the 144.34 daily thrust support level should provide a nice target. This level did support the market to a close earlier this week so it might stop for breath there before it continues lower. Should this level be removed to a close tonight it would then become tomorrows prefered selling level but I will do some analysis tonight and post it up for anyone who wishes to read it.



Cheers
Foggytrader

Welcome to my thread, thanks for you interest.

For EURGBP I am currently sideline till higher levels to sell or we hit the 0.85 handle to buy. As you are in this trade might I suggest you look at the 4 hour TDST resistance level to book partial profits atleast as we are in the middle of a bear trend and bounces can end quite quick and I also have a number of daily and weekly thrust levels there which could be defended.



Good luck though, nice entries!

Cheers
Foggytrader