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tom demark trendlines 2 replies

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Anyone following Tom DeMark's methods? 2 replies

Is there a lvl2 Tom DeMark points indicator 15 replies

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Tom demark Trendlines

Quoting druster
Hi SunTrader,

Do you use others indicators together with TDTL ? And If yes, what settings ?

Regards,
I use Seq, Combo, Pressure, REI and many others, all default settings.
Thanks to all the contributors. Trading should be simple and trend lines are widely used. If applied correctly, may be very profitable indeed.
I have put this indicator in my indicators folder of mt4 but it doesnt work. can anone help pls?
Quoting druster
Hi SunTrader, Do you use others indicators together with TDTL ? And If yes, what settings ? Regards,
Here's a cool video that combines the Combo Countdown with Market Profile:

Inserted Video
Quoting IndyTrader
Here's a cool video that combines the Combo Countdown with Market Profile:
Listen to it carefully. He refers to Coma or some such name, not Combo, because DeMark has a trademark on the name.

He also says his 9 and 13 count, 4 bar look-back etc. Plain rip off. Btw if coded correctly, which it isn't, it should have recycled the count.

Other than that some might find it interesting to use with MP.

But it can be used with many others trend reversal techniques too.

Or just by itself.
Quoting amgm2609
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 {image}
Hi amgm2609,
Could you kindly post TRIX_MTF_Actual (Period D1) indicator.
Many thanks.
SunTrader, Would like very much to know what you think about this signal... Though it's a qualified break, with profit targets being as they are, very close to break, showing little downside potential(only the most extreme target is in play), would you just pass and wait for another set up??????
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Vincit qui se vincit.
Quoting Pippopotamus
SunTrader, Would like very much to know what you think about this signal... Though it's a qualified break, with profit targets being as they are, very close to break, showing little downside potential(only the most extreme target is in play), would you just pass and wait for another set up??????
Chart doesn't show what symbol or timeframe?

But in any case I would pass if you didn't get in right after break.

I use TD Trendlines as a trend reversal signal and only look at target lines as an indication. I also don't use R/R whatsoever in my trading. I look for other confirmation a potential move is underway and use trailing stops to stay in as long as move goes in the expected direction.
SunTrader, thanks for the quick, and informative response. The pair is Aud/Usd. TF, D1. I trade short only when price is below Chandelier, long above. Chandelier also serves as my trailing stop... I, like you, trail as long as price is moving in the expected direction. In addition to Chandelier, I typically have 3 iterations of TickVolumeIndicator on my charts to show buying/selling pressure... 6,12, and 18 period lookbacks. I tend not to take a trade against 2/3 TVI consensus. Again, same chart with full compliment of the tools I use. You are welcome to all, or any!! Will you explain what you mean when you say you only look at target lines as an indication?
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Vincit qui se vincit.
Quoting Pippopotamus
....... You are welcome to all, or any!! Will you explain what you mean when you say you only look at target lines as an indication?
Thanks but I use TradeStation and Dynamic trader so MT is not compatible.

And as far as target lines - just for an idea of levels price might reach but only within my trade plan.

I think I might have mentioned way back I use TD Trendlines with other TD techniques (such as TD Sequential, TD Pressure, TD Differential) so with these try to grab a reversal - which many times go beyond these levels.
Quoting SunTrader
{quote} Thanks but I use TradeStation and Dynamic trader so MT is not compatible. And as far as target lines - just for an idea of levels price might reach but only within my trade plan. I think I might have mentioned way back I use TD Trendlines with other TD techniques (such as TD Sequential, TD Pressure, TD Differential) so with these try to grab a reversal - which many times go beyond these levels.
Understood... My filters, Chandelier, and TVIs work nicely along with TD TLs.... I suspect, however, that Demark's indys (Sequential, etc....) are superior. Very glad you share your experience. Bolsters my confidence in my tools, and in my trading tactics. Many green pips......... Pippo
Vincit qui se vincit.
DeMark & Fib's both pointing to 1244 at present. Love it when DeMarks & Fib's agree & when I get Double DeMark confirmation of a target.......
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Shit Happens
Aud/Usd......Speed bump at 0.9550 on the way to 0.9585............
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Shit Happens
Quoting KiwiOz
Aud/Usd......Speed bump at 0.9550 on the way to 0.9585............ {image}
Kiwi Oz, you Welcome,

I will post Those Demark links here too, I guess it should be here. I had a lot of watchers coming to my blog after i posted it in Gold Thread... I will see what I can find more.

Tom Demark methodology video clips.
Tom DeMark: TD Methodology
http://forexscalping101.blogspot.com...thodology.html

Thomas DeMark: Trend Lines
http://forexscalping101.blogspot.com...end-lines.html

Tom DeMark: Trading the Nines
http://forexscalping101.blogspot.com...ing-nines.html

Tom DeMark: Intersection
http://forexscalping101.blogspot.com...ersection.html
Shaun Downey Explains Tom Demark Signals (Video Tutorial)
http://forexscalping101.blogspot.com...k-signals.html


:nerd:
Quoting RabbitWolf
Shaun Downey Explains Tom Demark Signals (Video Tutorial) http://forexscalping101.blogspot.com...k-signals.html :nerd:
Thanks mate. Nice to come across a fellow DEMark enthusiast. Wow you really are into your blog. Are you a tech' nut or what.Lol. cheers.
Shit Happens
Quoting KiwiOz
{quote} Thanks mate. Nice to come across a fellow DEMark enthusiast. Wow you really are into your blog. Are you a tech' nut or what.Lol. cheers.
I am not really Demark follower but after discussion about it on Gold thread. ..., i decided to educate myself more. If I find something good on internet, i post it on my blog. If it is useful to me, why not share with others.
hey...can someone help me with something. I'm new to Demark and have been trying to set up his trendlines properly but I come into one big problem...it seems the trendlines changes very frequently. I'll draw a trendline (I only use level 2) and several candles later I get another trendline...when the market is slow I get some TD points that I don't feel are very strong points. Is there a rule that helps eliminate some of the noise?

Second, how do you identify a bounce. If a qualifier states that in order to break a demand line the previous candle must close higher than the open wouldnt that be a bounce signal close to the trendline?
Quoting RabbitWolf
{quote} I am not really Demark follower but after discussion about it on Gold thread. ..., i decided to educate myself more. If I find something good on internet, i post it on my blog. If it is useful to me, why not share with others.
Good on you. If I could vouch for you I would.
Shit Happens
Quoting Shiner452
hey...can someone help me with something. I'm new to Demark and have been trying to set up his trendlines properly but I come into one big problem...it seems the trendlines changes very frequently. I'll draw a trendline (I only use level 2) and several candles later I get another trendline...when the market is slow I get some TD points that I don't feel are very strong points. Is there a rule that helps eliminate some of the noise? Second, how do you identify a bounce. If a qualifier states that in order to break a demand line the previous candle...
I have been using the DeMark system for several years. NOT the indicators. The manual system. Takes a while to get the hang of it but works well for me now. Go to my user name & search my posts for files I have posted.
Shit Happens
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