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Tom demark Trendlines

  • #241
  • May 25, 2012 8:41pm May 25, 2012 8:41pm
Quoting diamonddbw
++++++++++++++++++++++++++++++++
++++++++++++++++++++++++++++++++

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
I hope you are still using TD on PA to trade. Could you please give some tutorial guideline on how to use it on PA. What TF is best for it?
  • #242
  • Jul 25, 2012 3:48pm Jul 25, 2012 3:48pm
Hi All,
Just three questions:
1)Is there an indicator that alerts when a valid breakout is set up, one which doesn't make all the other indis on my chart disappear? (Yes, I got one, if someone would like it
2) Do all the crieteria have to be met before a breakout of the TD line is valid, or if just one is enough, is theere a ranking in order of importance?
3) If this method is as good as most people seem to think, is this method tradable with an EA, or is it too subjective?

Thanks,
  • #243
  • Jul 25, 2012 6:53pm Jul 25, 2012 6:53pm
1) Don't use MT

2) one criteria is good enough

3) Not EA tradeable IMO
  • #244
  • Jul 25, 2012 8:19pm Jul 25, 2012 8:19pm
Quoting blott
Hi All,
Just three questions:
1)Is there an indicator that alerts when a valid breakout is set up, one which doesn't make all the other indis on my chart disappear? (Yes, I got one, if someone would like it
2) Do all the crieteria have to be met before a breakout of the TD line is valid, or if just one is enough, is theere a ranking in order of importance?
3) If this method is as good as most people seem to think, is this method tradable with an EA, or is it too subjective?

Thanks,
i saw sameone resholts and he doing very well on the 4h chart white expert edvisor offcoz tom demark trand line

i thinke ea is a great toll for thise kind of system IMO
(SORY FOR MY ENGLISH)
Iam just A pips on the rode :nerd:
  • #245
  • Jul 26, 2012 4:48am Jul 26, 2012 4:48am
Quoting SunTrader
1) Don't use MT

2) one criteria is good enough

3) Not EA tradeable IMO
Thanks Suntrader - back to the manual
  • #246
  • Jul 27, 2012 4:09pm Jul 27, 2012 4:09pm
Hi Suntrader,
Where is the best source of TD indicators? I have a couple which remove all manually drawn trendlines, fibs etc. whenever I change timeframes, so I need some bona fide ones which work correctly.

Thanks,


Mike
  • #247
  • Jul 27, 2012 6:55pm Jul 27, 2012 6:55pm
Did you read item# 1 above!!

I couldn't tell you.

Unless you are a Bloomberg or CQG user. Then they are the folks to contact. Oh and there are not free.

But then nothing really worth having is free.
  • #248
  • Jul 28, 2012 4:07am Jul 28, 2012 4:07am
Quoting SunTrader
Did you read item# 1 above!!

I couldn't tell you.

Unless you are a Bloomberg or CQG user. Then they are the folks to contact. Oh and there are not free.

But then nothing really worth having is free.
HI Suntrader,
I read your reply to my 1) as an instruction telling me not to use MT4. Was it instead meant as a personal comment?

I use MT4, so I will search for DM indis for it.

I agree - nothing free is, generally, worth having, and I don't mind paying.

Mike
  • #249
  • Jul 28, 2012 8:19am Jul 28, 2012 8:19am
Ok I assumed you read this thread from the start (not that long you know) and therefore would be familar with the fact I am a TradeStation user and not an MT user.

So I have not opinion on MT but I also knowledge where to find Tom DeMark indicators for it.

Maybe a forum search might find different versions available. There are multiple TD topics here.
  • #250
  • Jul 28, 2012 4:51pm Jul 28, 2012 4:51pm
Does this Tom Demark has a website ?
  • #251
  • Jul 30, 2012 5:15am Jul 30, 2012 5:15am
Quoting Forexeurusd
Does this Tom Demark has a website ?
u should read this book, "The new science of technical trading" is awesome. I just want to say i use the TD Trendlines and breakouts in my system and they perform great. Also with the breakouts i look on relevant fundamental data released that day like Unemployment claims, ADP Non Farm, Non Farm change etc then i watch pa on the breakout for validation also i only trade on 4h or more.

Also if you like demark, you should read alexander elder and his methods.
  • #252
  • Jul 30, 2012 3:34pm Jul 30, 2012 3:34pm
Quoting SunTrader
Ok I assumed you read this thread from the start (not that long you know) and therefore would be familar with the fact I am a TradeStation user and not an MT user.

So I have not opinion on MT but I also knowledge where to find Tom DeMark indicators for it.

Maybe a forum search might find different versions available. There are multiple TD topics here.
Hi SunTrader,
I must have missed the bits about your platform. Thanks for your search suggestions.

I'll search the other forums for a TD TL indicator that gives an alert when one of the four criteria is met.

Thanks,



Mike
  • #253
  • Jul 30, 2012 4:11pm Jul 30, 2012 4:11pm
Hi,
I found this site with some good descriptions and chart examples of the Four Qualifier rules.http://forex-strategies-revealed.com...ark-trendlines

Am still looking for the Indi that can analyse all the four criteria and deliver a buy or sell signal.

Mike
  • #254
  • Jul 30, 2012 9:17pm Jul 30, 2012 9:17pm
Blott:

here is a link to a collection on DeMark indicators here on FF. start with post # 385.

http://www.forexfactory.com/showthre...demark&page=26


T
  • #255
  • Jul 31, 2012 4:37am Jul 31, 2012 4:37am
Quoting Tpc23
Blott:

here is a link to a collection on DeMark indicators here on FF. start with post # 385.

http://www.forexfactory.com/showthre...demark&page=26


T
Thanks TP, I'll check them out.


Mike
  • #256
  • Aug 22, 2012 2:24am Aug 22, 2012 2:24am
Using this Demark indicator alone for breakout will dry up your account quick.
  • #257
  • Nov 7, 2012 9:29am Nov 7, 2012 9:29am
I have just one quick question and confusion regarding how td supply lines (let's just use supply line as example, once htis question is answered, the answer to td demand line is naturally resolved too) are drawn in the case when the more recent td point is ABOVE instead of below the preceding td point, hence creating an increasing instead of declining td suppply line. Tom demark, in both his books (new market timing techniques, and day trading options) clearly stated that this td supply line is only eligible if it is declining but he did not specify what to do with the 2 td points in this event. say we already have a declining td supply line level 1 (let's call them A and B, with B the more recent td point), then now we discovered a new td level 1 point C, however, C is higher than than B, now what do we do? do we discard the C and still keep the original td line (connected by A and B) intact, using it to determine whether future breakouts are qualified? or do we simply NOT have any active level 1 td line until we find a td level 1 point D such as line CD is downward sloping? and if CD is not, test if BD is declining and if BD is not, if AD is.

Thank you very much in advance for any guidance any one of you can provide. I would really appreciate it!
  • #258
  • Nov 7, 2012 10:37am Nov 7, 2012 10:37am
Anyone knows of an TD-Indicator that draws Trendlines from LOWER Timeframes in the HIGHER Timeframe?
i.E. if I like to show the Trendlines from the H1 in the H4 .
I appreciate any suggestions.
Thanks.
Greeds Zack
  • #259
  • Nov 12, 2012 5:50am Nov 12, 2012 5:50am
Hello friends, I use TD lines from awhile but I have some problems with the qualifiers and speciality with third qualifier- the buying and selling pressure.
The problem is that, when I calculate the buying or selling pressure of the previous bar:

Upside breakout qualifiers
Qualifier 3: “The previous price bar’s close plus the previous bar’s “buying pressure” (the low point of the bar)
must be below the current price bar’s TD Supply Line price level.”

Downside breakout qualifiers

And for selling pressure:
The previous price close minus the previous bar’s “selling pressure”(the high point of the bar) must be above the current price bar’s TD Demand Line price level.
And here Im not sure, somewhere write that the GREEN BAR= BUYING PRESSURE and RED BAR= SELLING PRESSURE is it true? And if its true, if we have Upside breakout and previus bar is red how to calculate this? From the close to low point or from the close to high point? Its confusing.

Next problem with the same qualifier is that almost every time this rule is incorect, becouse the price continues in "incorect" direction and so it goes that if I was open the position I would win a lot of pips, but the qualifier say different.... What is wrong? I will post the pictures to see what I mean:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 87 KB
Click to Enlarge Name: Untitled2.jpg Size: 79 KB
  • #260
  • Dec 9, 2012 8:58pm Dec 9, 2012 8:58pm
Quoting zackery
Anyone knows of an TD-Indicator that draws Trendlines from LOWER Timeframes in the HIGHER Timeframe?
i.E. if I like to show the Trendlines from the H1 in the H4 .
I appreciate any suggestions.
Thanks.
Greeds Zack
simple. Use the td trendlines indicator on the 4hr timeframe. Redraw using your supported broker tools. Then go to lower timeframe and watch price react to your last drawn trendlines. You can also set the td trendlines indicator to not be seen on the 1hr timeframe?

Sometimes if problem arise and solution are not at near sight. Be creative, be flexible. After tom demark trendlines are nothing more then support and resistance and angled support and resistance. The important part is price action and reaction, whether price will ignore the resistance or get reject. Or break then fall back causing a fake breakout.

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