Tom demark Trendlines

What timeframe?

M15

I'm sorry if confuse you (by the way, thanks for help in advance) but I'm wanting an exit strategy on the trend_new indi on either H4 or D1 frame. Another thing, I'm not sure if I'm entering correctly but when there's an arrow I take the trade, correct? Or just wait for a candle to move out of one of the trend lines?
Is this CORRECT?? or how does one exactly enter this indi?

By the way, concerning the M15 time frame? This indi would'nt be suitable for it due to its short time, the higher frame you trade in the more your profits

Thanks

zukies,

for an exit strategy that depends on you. personally I don't allow the trade to go more than 15 pips against me and move my SL to BE+1 as soon as the charts show that I can. But that's my style, once I know I have avoided a loss I feel like I'm on a free ride, but that's me. Plenty of people on here will say I'm a fool for using this, it's too small of a SL in the higher TF, but it's what works for me and keeps me from going bunkers while I'm trading my other stuff.

I would suggest you use one of the strategy testers out there and try different ways to see what suits your personality. I have used Vhands before and have found it very useful. You can also use it to learn to trade better, a lot more practice time working on a tic by tic trades. do a years worth of daily trades in a few hours. I have found something that shows a lot more profit than what I am using now but can't stand the swings.

I'm a TradeStation not MetaTrader user so can't help.

guys i trade trendlines adn they are very accurate. though i tend to trade the 4hr timeframe. if its alrite with the author of this thread i would like to upload some screens of some simple setups?

sorry just to be more specific only 2 screens i will upload if thats alrite

Hi all,
I have idea or perhaps it's alREADY written, IF there already IS a version like I'm gonna explain then please give, I'm looking for a version of the first post but can ANYONE perhaps edit this indi in a way that instead of using the rules from the first post just put buy/sell arrows in so that people visiting here don't HAVE to go through those rules, the arrows just show whether the trade is valid, if this can be done it'll be absolutely GREAT because apparently this indi is rather accurate????? I'm using trend_currently and I think there are others that are more accurate? Maybe I'm using it wrong? (Basically I just wait for a breakout of one of the TL's

Thanks

zukies i can possibly do it, though my mt4 skills are a bit rusty been mainly coding c++ neuralnet.... I'll have a look at it and pm you if i got the time.

There is no need for anyone's permission. Anyway the thread author hasn't posted here in a good long time.

Hi Mr DeMark,
I'm a complete newb at this indi and I'm very interested in it, since you've given the rules on breakouts would you mind sharing with me an illustration of each qualifier via some chart examples please, there are some of these qualifiers that I just don't understand; I would like to know what to look for with this:
I'm now referring to the downside breakout qualifier

Some of the things that confuse me is what "buying pressure" means (where do you find it on the chart-ON this indi), is it just the candle been forced up by bulls?
You speak of the TD "demand line", I found TD but it's not a line, it's fractals, do I take HC1 (red line) as this demand line?

And ONE last thing, do ALL requirements need to meet before taking a trade or you only need one or two to trade?? and do you have english version, so to read writing on top

THANK YOU IN ADVANCE

Thanks david486, I look forward to that, I've also attached aNOTHER of DeMarks indi's called the Trend_New indi which aPPARENTLY is pretty accurate, I've been using it but on demo (I SAY unfortunately cos at the time of trading I was scoring SERIOUS pips->900 off about 5 trades if i remember right and it was on DEMO!) ;( it SEEMS one can use on any pair and the higher the time frame the more your profits, it's an indi that just has buy/sell arrows added in it because apparently a lot of times the origional FROM demark didn't produce arrows when it SHOULD'VE resulting in a lot of missed trades. I found this indi on THIS site as well, just can't remember WHERE though. I have been now trying to work on an exit strategy for it because a lot of time you'd get a LOT of pips and then there's a reversal and the indi doesn't quite SHOW to get out a lot of times, at mo I'm trying with parabolic sar. The main reason I'm using THIS indi at mo is trying to drive a system with parabolic sar on its own one could lose a lot from ranging markets, not only does this indi help to get in before the reversal SHOWS via parabolic but it helps to stay OUT of the ranging markets. Perhaps this could be an addition to someone's "toolbox" I find it rather helpful. Yes you can lose sometimes but this indi is purely based on DeMarks rules, the ONLY thing that was added was more buy/sell arrows
Hope it helps someone,
although, I DID put it in this thread because you guys are discussing DeMark and it IS one of his indi's, and besides, the thread i got it from has died, I'm hoping someone could try it out and add their 5c worth, maybe we can somehow make something of it. If we can get a decent exit strategy going better than par I have a nice little semi-auto robot that can be used WITH this indi on D1 or even WEEKLY pulling SEEEEEEERIOUS pips!!!!! (the robot is called firebird in case newbies haven't heard of it???)
I don't know, this is just my 5c worth. What helps me with this indi + par, if indi is going against par I give it about 2 candles and by that time par hasn't changed direction then i cancel the trade. Best of all, it works on ANY pair

I've added a trade I'm currently on, notice how the arrow showed a change in direction even BEFORE par showed anything. I've also added this indi becuase often times using par on it's own is fine but too often shows a change in trend too late (the candle has already changed direction resulting either in less profit or loss). On 1st July when the trend changed on the daily chart on EUR/USD pair? This indi gave an arrow as SOON as the trend changed! I think it's an indi worth taking a look

Like i said, just my 10c worth

try this tdline....

despite looming Euro Union Bank Stress Test news...@10 cents/pip!! Using L2 Trendline. We'll see. EDIT: Stopped Out.

on break of down trendline. SL, swing low as shown by 6 pd. price channel. TP, 1.4617. Will take similar trade on Aud/Cad.

Hi all. This system is quite intresting.
But regardless of what time frame you use, we still get fake signals.

I'm trying to combine the signals of demarker with trix set to D1, for filtering.

Wonder if other fellow traders use different approaches.

Thanks and regards

This is what I mean.

Quite a shame to see this thread abandoned.

A simple, yet effective way of analizying the trend, and depending on your risk appettite, possible set ups for 50(0) to 100(0) pips profit.

By using this set up on H4, once or twice a week, when breakouts occur, on different pairs, combined with a good dose of patience, it can be very profitable.

Regards

BTW

Forgot to add that trix indicators DO NOT REPAINT !!!

Same goes to trendlines, they do not repaint. It will be considered invalid if its a fake breakout, hence the trix for confirmation.

Regards

No need to reinvent the wheel as TD Trendlines already have qualifiers to trade or fade.