Tom demark Trendlines

I almost missed this trade because I was away from the computer. I also found love with the usd/chf.

Set up about 2 hours after open of Asian session. Took forever to get the job done but worth the wait.

Am so addicted to E/U that i hardly look at other pairs but i think it time i widen my scope.
Take a second look E/U, don't you think we'll get a buy at 1.44559?

Remind me never to question your opinion again. After hours of hoping and praying for E/U to go up, had to exit manually with a -20pips on each entry. Terrible. Sill not sure what PA is heading today but i ain't going with it. Will use the rest of the day to learn more about abc patterns

Current EU trade.

• Entry at 1.4422.

• 80% out at 1.4405

• Remaining at BE

Should be quite alot of trader pent up emotion. Trying for another 50 to a hundred based only on my opinion of potential market action.

BTW: I use the fibs to mark for profit areas not for price movement calculation.

For better or worse here's a current trade I have put on. Slightly better than 1:1. Waited until price retested trend line & was rejected by 1.4420 area.

• Entry @ 1.4404
• Stop @ 1.4468
• Target 1.4335

We shall see. Currently -10

"Today, I would like to become the man my dog thinks I am." ~ Jack Thomson - 
Entrepreneur

Trade is now at BE. Notice how price got one hour bounce right @ 23.6 of price projection. Interesting.

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Settled for 40. Once price kept in a tight range for London open, decided to keep what I had.

My friend, you know your onions.Hope one day i'll be able to trade as good as you. Had to go for a business meeting today and could not trade. Had time to study my chart more.
By the way, what are those boxes on your chart? Some indicators?

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The boxes are very High Priority Top Secret Areas of Time Sensitive Confidential Information and can be rented for a mere $900 monthly..

Just kidding..

It's called an iSessions indicator. You can place the boxes during any time period, and color that you choose. Mine are set up to highlight The Asian session up to the FF Open. The first 3 hours of the FF/London session. And the 1st 3 hours of the US session.

15m trend line trades, and other trades I look for, I will only take during FF/London 1st 3hrs. For US session I only take 15m trend lines for the 1st hour. After that follow through is not as likely. ™

If time is an issue for you look on higher time frames.

Here's one I missed. gbp/nzd daily. I would have taken profit at 600. It's about at 900 now.
Good Hunting,
Darryl

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Thanks SG. Your explanation is helpful and appreciated.

Thanks for sharing your "very High Priority Top Secret" indicator. Will add it to my arsenal and see how it goes.

Hi Diamonddbw, I got a question, is it possible to make all the tendlines appear at once? That way i can go back and view the conditions of a good trade .
Thanks.

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There are indies that draw each and every swing trend line. I do not use anything like that because all swing points are not created equal, in my opinion.

If you review charts that I have posted, you'll see that there are swing points that I chose to ignore. In the eyes of a TD purest, this might be frowned upon. Ultimately, we are all responsible for our own accounts and fully understanding our own trading methods. I, like others on this thread, have spent a lot of time of time learning what Tom DeMark has taught. I doubt that any 2 people on the this thread apply Tom's methods exactly the same way.

At this point I spend much of my time reviewing various charts and looking for trend lines that make sense. This is a practice in which I am constantly learning more about valid swing points, in respect to price action. Although you may see one moving average and one oscillator on my charts, 99% of the time I don't even see these when I'm considering a trade. They are left over indies from another method.

I also have built a database for compiling info on trades that I research. I am looking for these answers:
• What distance does price travel in respect to the trend line breach?
• What is the percentage of the TD Price Projection achieved?
• How many pips did each trade win or lose?
After reviewing thousands of charts I begin to form opinions on what I think will work best for me, based on what I see and, of course, my empirical results.

Other things that become apparent from this research are:
• What qualifiers I use to enter a trade once there is a trend line breach.
• What is the Minimum price projection needed, to have a profitable trade?
i.e.;
A. If my trend line break entry is 15 pips beyond the trend line breach,
and
B. my spread is 3 pips,
and
C. my price projection is 25 pips
and
D. based on price, my stop should be 20 pips
Once this information is taken into consideration, I feel I can then make an informed decision, in regards to, should I take the trade or not. Obviously, unless I never lose a trade, I would not have entered this set up.

Indies and EA's are tools that meant a great deal to their developers. What exactly that is, quite possibly, will never be fully expressed, and therefore, not fully understood. That being said, if each trader realizes this and continues his/her own studies of price action, trend lines, indicators and EA's, until they either make sense, or are cast aside, then I can guarantee, that success in trading is considerably more likely.

Here are screenshots of information I gather for each trade, live and backtest:

Hi Diamonddbw,
Check this out, just took a sell on the E/U at 1.41325, using the 15mins trend break, let see how it goes. my first TP is 20pips

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Looks like you have a winner. I cannot figure what your 2nd swing is. Got a chart?

Entered the gbp/nzd about 11pm NY at 1.9161, on a 4hr tlb. The first chart is a one hour because the platform I used for the trade (GFT) is different than the one I use for analysis (Oanda). The second chart shows the 4hr set up.

Currently up about 200 with my stop approx 60 in profit.

I used one small position on this trade because it is a reversal trade, which carries more risk. When you can catch them they are usually quite profitable. So I'll keep trailing this one up.

I got out early the last time this pair changed direction going long and missed out on so many pips that if I were to mention it here, I would begin crying...
Darryl

This trade was based on a 1hr set up. This was also a reversal trade which I liked a lot. However it did not work out. My Risk/Reward for target 1 was 2:5 and I used only about 1/2 my normal trade size because of it being a reversal trade.

The only thing missing from this set up was a decent intermediate swing that is usually there on good set ups.

• Currently keeping an eye on usd/chf 4hr. I know my earlier 1hr trade got stuffed, however it could be that price is lining up for a move as early as sometime in Tuesday London session or NY.

• The chart below shows a steep 4hr TL. Too steep for my liking but sometimes these work out. If price does break here, I will not be in. I need to see another significant swing for me to use as swing point #2.

• Have a look at all high level charts for this pair. There are super long tails on all of them.

• 2nd chart is 4hr showing TL break on Aug. 12th. This one is a very obvious break because the swings are so prominent. That trade would have been good for quick 300 with virtually no drawdown.

Keep your eyes open for all trending pairs on 1hr, 4hr & Daily. Not all pairs trend all of the time, but most trend, with TL entries some of the time.
Darryl

I will watch the pairs you are watching. I love copying Pros.
Hope i will be able to catch the trade when you do.
My second trade TP was just 30pips. Was very uncomfortable with both trade and got out early. i should post my next trade and chart as soon as i learn how to.?