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Tom demark Trendlines

  • #221
  • Sep 5, 2011 6:36pm Sep 5, 2011 6:36pm
Quoting Adeleke
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.?
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Way to go AD. 20 or 30 off of a 15m chart is kickin' butt.

This is a pretty good free screen capture software: http://wisdom-soft.com/products/screenhunter_free.htm

Make sure you choose your destination folder for screenshots to be something you can find, like you Desktop.

"Gold is the money of Kings; Silver is the money of Gentlemen; Barter is the money of Peasants; but Debt is the money of Slaves!" ~ Norm Franz
  • #222
  • Sep 5, 2011 6:48pm Sep 5, 2011 6:48pm
gbp/nzd entry from about 20 hour ago. The chart you're looking at is a 1hr, so it does not show the 4hr entry. This way it is easier to see. Up almost 300 now. Stop at 1.9300, underneath some support.

Second shot shows 4hr entry. When this pair get a head of steam it can go for awhile. If the euro or the kiwi gets strong I will bail.
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  • #223
  • Sep 6, 2011 3:59am Sep 6, 2011 3:59am
Can't believe i sat by while all this movement happened. Was waiting for a pull-back while hundreds of pips went by. God, i'm gonna jump in a river
  • #224
  • Sep 6, 2011 4:13am Sep 6, 2011 4:13am
Quoting Adeleke
Can't believe i sat by while all this movement happened. Was waiting for a pull-back while hundreds of pips went by. God, i'm gonna jump in a river
Hey Adeleke,
With SNB intervention like that its best in the long run not to be playing believe me. It could just as easy have gone the other way, skipped your stops and really put you in the river.

there is always another day and a forex market remember

Nigel
  • #225
  • Sep 6, 2011 7:16am Sep 6, 2011 7:16am
Quoting alicimo
Hey Adeleke,
With SNB intervention like that its best in the long run not to be playing believe me. It could just as easy have gone the other way, skipped your stops and really put you in the river.

there is always another day and a forex market remember

Nigel
Some of the smartest words I heard recently in the forum! I saw this happen, turned it off cause I knew the market basically had to reset and this would just be gambling.
A woman drove me to drink, and I forgot to thank her
  • #226
  • Edited Sep 7, 2011 11:25am Sep 6, 2011 12:39pm | Edited Sep 7, 2011 11:25am
Quoting simpleguy
Some of the smartest words I heard recently in the forum! I saw this happen, turned it off cause I knew the market basically had to reset and this would just be gambling.
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Couldn't agree more. Intervention, or big news items can really skew the markets and screw you. Of course it's human nature to think; "OMG, Look at all of those pips I've missed out on". This nature of thought is emotional. Emotions are at foundation of inconsistency. Once your emotions are almost the same, whether you are winning or losing, you stand the best chance of making intelligent and unbiased trading decisions.

If, on the other hand, your head is spinning and your blood pressure is going through the roof, there is NO WAY you can be consistent. Your decisions during these times are based on F.E.A.R. (False Evidence Appearing Real) & Greed. If this is the state you are in while trading just be aware that you are doing this, and thinking this way. After a time, it's quite possible that you will gradually change simply by being aware. Or you will lose all of your money and give up. These are the only 2 possible outcomes.
2¢
  • #227
  • Sep 7, 2011 5:53pm Sep 7, 2011 5:53pm
I did manage one decent 15m eu trend line break. This was about 2 hours into the NY session.

The black line was the first one I looked at, but the entry would have been about 5 minutes prior to news, so I waited. Then after the news price did not cooperate.

The blue TL was good. Price advance to 64% of the TD Price Projection before pulling back to less than entry price. I made an error regarding price projection so I got out about 10 pips early.
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  • #228
  • Sep 8, 2011 6:02am Sep 8, 2011 6:02am
Quoting Mr demark
one thing i must say, the method is most profitable the higher the timeframe.

i use it on H15 but i really want to use it on H1 and greater cuz 15m is well...more market noise than H1.

with TD TL, u risk very little trading TL bounces. in fact risking 10 pips is not uncommon for me for a TP of about 20 pips + spread.

pairs i watch (ranked):

usdjpy gbpusd eurusd usdchf eurjpy gbpchf


gbpjpy only on large TF as spread is a whopping 12 pips for me.

I thank you for the information in your posts #1 and #2. I also thank you for the indicator download link. Thank you! Thank you! Thank you!
  • #229
  • Sep 8, 2011 6:18am Sep 8, 2011 6:18am
about Demark/Mouteki trading...http://www.forexfactory.com/showthread.php?t=8680 ...and here...http://www.forexfactory.com/showthread.php?t=61131
Vincit qui se vincit.
  • #230
  • Sep 8, 2011 12:50pm Sep 8, 2011 12:50pm
Quoting Pippopotamus
about Demark/Mouteki trading...http://www.forexfactory.com/showthread.php?t=8680 ...and here...http://www.forexfactory.com/showthread.php?t=61131


Thanks man, learning alot already
  • #231
  • Dec 3, 2011 12:04am Dec 3, 2011 12:04am
Quoting SunTrader
Yes I do use DeMark TD Trendlines. "DeMark" is a person and he has developed multiple trade techniques besides TD Trendlines. I use many of these such as his most well known TD Sequential. If you have a particular question ask away. Otherwise he has written 3 different books so if you really want to learn to trade using TD T/Lines or any of his other techniques comprehensively, I would suggest you pick up one of his books on Amazon or elsewhere.
Hello SunTrader, how are you?

I am about to Tom Demark service directly from Marketstudies.com. They have a "prime" service which gives you access to all of the TD indicators. Would you recommend this service?

I am trying to learn and understand as much as I can before subscribing. I would like to learn more about using TD trend lines and TD sequential and combo indicators.

Reading and understanding the qualifiers for the trend lines and breaks are not easy. I understand the 1st qualifier, that seems easy--the price bar prior to an upside break must be a down bar. After this I am lost:

qualifier 2: The current price bar's open must be greater than both the current td supply line and the previous price bar's close and must then trade at least 1 tick higher.

Ok, first, the current price bar is that the live bar or the actual bar that breaks the trend line? Second, if the open is greater than td supply line would that not mean the line is already broken?

I understand that the open has to be higher than the previous bars and must trade at least 1 ticker higher.

What is buying or selling pressure?

thanks in advance.
  • #232
  • Dec 3, 2011 12:37pm Dec 3, 2011 12:37pm
Hello,

When looking at price breaking a TD trend line, which bar(s) do you evaluate the 4 qualifiers on to confirm a break?

- if you use the actual bar that penetrates the line but it does not close on the other side but meets one of the qualifiers, does that count as a break?

- if you use the actual bar that penetrates the line and it closes on the other side but does not meet one of the qualifiers but subsequent bar(s) do, is this considered a break?

- if it does penetrate and closes on the other side and meets one of the criteria where and when is the entry?

- finally, is the signal stronger if more than one qualifier is met?

http://chart.ly/2l8h9rf

Please see attached chart.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdoct4th4hr.png Size: 48 KB


Thanks in advance for any insights provided.
  • #233
  • Dec 3, 2011 1:44pm Dec 3, 2011 1:44pm
Quoting fxxtrader
Hello SunTrader, how are you?

I am about to Tom Demark service directly from Marketstudies.com. They have a "prime" service which gives you access to all of the TD indicators. Would you recommend this service? ............

qualifier 2: The current price bar's open must be greater than both the current td supply line and the previous price bar's close and must then trade at least 1 tick higher.........

What is buying or selling pressure?
First I would say until you are clear with all of Tom DeMark's techniques I'd hold off paying for his "Prime" service unless paying for a few months until you get it all together is not a big deal.

I still many years later have to look back on notes and his books/articles to refresh my mind.



Now as far as qualifier #2 this is when price gaps above previous close and therefore likely the supply line plus trades at least a tick higher.

Qualifier# 3 looks for buying pressure of previous bar to be exceeded on current bar. Buying pressure is the amount of the bar from the low upto the close.

So if, for example EURUSD from Friday's trading, 1.3402 (close) - 1.3362 (low) = BP of .0040 - that amount is then added to close to obtain level 1.3442 that must be exceeded next trading day, if a supply line was present.

As it is a demand line is lower so selling pressure would be calculated instead and be the reverse - amount of the bar from the high down to close 1.3548 - 1.3402 = SP .0146 subtracted from close gives a level of 1.3256 to watch for whether it is exceeeded.

Qual#2 is hard to apply in forex since how real are gaps on weekends and almost unheard of during weekdays so Qual#1 and Qual#3 really only apply and most other markets as well.

HTH its all I have time for today.
  • #234
  • Dec 7, 2011 6:45pm Dec 7, 2011 6:45pm
fxxtrader,

The best source for clear rules is DeMark Indicators by Jason Perl.

But further to my previous post and yours - all the qualifiers assume that breakout bar continues in the breakout direction.

For when it doesn't there are three TD Line cancellations:

If price bar immediately following an upside (reverse for downside) qualified breakout opens below breakout price level, then exit.

If price bar immediately following the breakout bar opens below the close of the breakout price bar and then closes below breakout price level, then exit.

If price bar immediately following breakout bar fails to exceed the high of breakout price bar upside, then exit.

Also I don't believe having more than one qualifier met is stronger than otherwise.

Thursday could see a TL breakout down in EURUSD - see chart.

HTH
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  • #235
  • Dec 8, 2011 11:44am Dec 8, 2011 11:44am
hey Diamonddbw.......


in your images trend line indicator looks different. just one line trend indicator.

i have downloaded all the indicator from this thread but nothing like yours.,...


can you share your indicator ???



thanks
kader
  • #236
  • Dec 9, 2011 12:46pm Dec 9, 2011 12:46pm
Quoting SunTrader
fxxtrader,

... But further to my previous post and yours - all the qualifiers assume that breakout bar continues in the breakout direction.

For when it doesn't there are three TD Line cancellations:

1. If price bar immediately following an upside (reverse for downside) qualified breakout opens below breakout price level, then exit.

2. If price bar immediately following the breakout bar opens below the close of the breakout price bar and then closes below breakout price level, then exit.

3. If price bar immediately following breakout...

Thanks for the clarification. Now I know why trend lines disappear--they get cancelled.

However, my charting package changes the colour of certain trend lines, why is that? Also, some of my trendlines extend into the future where other just stop. Is there a explanation for this?

Thanks in advance.
  • #237
  • Dec 9, 2011 1:41pm Dec 9, 2011 1:41pm
Quoting fxxtrader
...... Also, some of my trendlines extend into the future where other just stop. Is there a explanation for this?

Can't tell you that. Only know what mine does. Which are hand drawn in Dynamic Trader and the real thing from Tom DeMark that work in TradeStation - which are no longer sold to the public.
  • #238
  • Mar 3, 2012 2:12pm Mar 3, 2012 2:12pm
is there any indies that show past demark lines? like 100 or more days back in history. thank you
  • #239
  • Mar 3, 2012 3:15pm Mar 3, 2012 3:15pm
Quoting only1kader
hey Diamonddbw.......


in your images trend line indicator looks different. just one line trend indicator.

i have downloaded all the indicator from this thread but nothing like yours.,...


can you share your indicator ???

thanks
kader
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Oops. Missed this post.

If you are still interested, I do not use an indie for trend lines. Although they do exist, I can't lead you to one.

The best thing is to review Tom Demark's style which is outlined in this graphic, and discussed in the pdf.

The deal with TD's style is that swing points are his guide posts.
Enjoy,
Darryl
Attached Image (click to enlarge)
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Attached File(s)
File Type: pdf TDTrendlines.pdf   74 KB | 2,173 downloads
  • #240
  • Mar 3, 2012 3:16pm Mar 3, 2012 3:16pm
Quoting Kara696969
is there any indies that show past demark lines? like 100 or more days back in history. thank you
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Check post directly above.
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