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Tom demark Trendlines

  • #301
  • Oct 16, 2013 7:00am Oct 16, 2013 7:00am
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...
Yes look at a higher timeframe. At least 60 minute bars, if not 4H.

To your question about bounce I'm not exactly what you mean; but here is a EURUSD daily chart with a probable (?) TD Demand line. If the bar closes today as it is exactly shown then yesterday's low is a TD Point 1 matching up with the previous TD Point and the trendline is valid. As well today's close would be an up close. So if tomorrow were to break below the TD Demand line this short entry would qualify.

BTW if you want to learn Tom DeMark trendlines stick to what he says. There is plenty on the web - do a search. Pick up one of his three books or better yet as DeMark is sometimes hard to understand without reading and re-reading buy a book called DeMark Indicators by Jason Perl as he is a lot more clear and concise.

HTH
Attached Image (click to enlarge)
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  • #302
  • Oct 17, 2013 2:44am Oct 17, 2013 2:44am
I would not write that ugly inverted HnS off yet. The ugly duckling could turn into a beautiful swan..

I have been watching this for a day or two now. Another fall to 1264 would complete the inverted H n S then we ride on up to 1303 & maybe on to 1322.....
Be interesting to see if this plays out.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: xauusdh4.png Size: 44 KB
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  • #303
  • Oct 17, 2013 3:46am Oct 17, 2013 3:46am
Quoting KiwiOz
I would not write that ugly inverted HnS off yet. The ugly duckling could turn into a beautiful swan.. I have been watching this for a day or two now. Another fall to 1264 would complete the inverted H n S then we ride on up to 1303 & maybe on to 1322..... Be interesting to see if this plays out. {image} {image}
Goes to show. the system works. Just gotta get the direction right.
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  • #304
  • Oct 17, 2013 5:41am Oct 17, 2013 5:41am
Minimum target for the Ozzie is 0.97............http://www.dailyfx.com/forex_forum/i...ilies/cool.png Soft target at 0.9716 is only the 50% Fib' retrace.
Attached Image (click to enlarge)
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  • #305
  • Oct 17, 2013 7:37am Oct 17, 2013 7:37am
All targets hit & now we may have divergence.?? Time to go Short.??
Note for DEMark enthusiasts. Note how there are two ways to find targets & how target lines later become support lines.
Note for DeMark fanatics.....I have developed my own way of using this system. So just ignore my posts if they get your knickers in a twist......Cheers
Attached Image (click to enlarge)
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  • #306
  • Oct 17, 2013 7:50am Oct 17, 2013 7:50am
So long as we don't go above 1323, there may be a speed bump at 1307 & major support at 1288...Above 1323 & we will have to seek targets to the North.
5 min chart..........
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdm5.png Size: 33 KB
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  • #307
  • Oct 17, 2013 5:51pm Oct 17, 2013 5:51pm
Take a look at the weekly chart channel. Not convinced of a strong move North yet....Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdweekly.png Size: 38 KB
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  • #308
  • Oct 18, 2013 1:15am Oct 18, 2013 1:15am
Quoting KiwiOz
Take a look at the weekly chart channel. Not convinced of a strong move North yet....Cheers. {image}
kiwioz, please kindly state each and every line functions. The Demark line, projection etc. Those vertical and horizontal blue line are what?
  • #309
  • Oct 18, 2013 2:59am Oct 18, 2013 2:59am
Quoting 2face
{quote} kiwioz, please kindly state each and every line functions. The Demark line, projection etc. Those vertical and horizontal blue line are what?
The blue lines are the price projections both north & south. Even if you are convinced of the direction it pays to know where it will go if it turns & heads the other way. You need to study the PDFs I have posted before to understand why the lines are drawn in this way.
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  • #310
  • Oct 19, 2013 1:38pm Oct 19, 2013 1:38pm
Quoting KiwiOz
Take a look at the weekly chart channel. Not convinced of a strong move North yet....Cheers. {image}
please try and check your first support point
http://i.imgur.com/9GsJybd.png
  • #311
  • Oct 19, 2013 9:16pm Oct 19, 2013 9:16pm
Quoting 2face
{quote} please try and check your first support point {image}
Well spotted & shows you have read & understood the PDFs. However as you state, this is a Weekly chart. I have found there are more ways to use this system than those stated in the PDFs. The DeMark PDFs are a necessary tool in understanding the system in general. As the weeks go by you will find more points to draw from on the weekly chart. This system is best used on the 4H chart for Trend trading. It can also be used equally effectively on all time frames once you get to know how to adapt it to those other time frames. Takes time & practice....cheers.
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  • #312
  • Oct 21, 2013 3:46am Oct 21, 2013 3:46am
Gold. HnS looks about complete...Target lines & Fib's agree on 1288.......
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdh1.png Size: 39 KB
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  • #313
  • Oct 24, 2013 11:28pm Oct 24, 2013 11:28pm
DeMark files for those who sent messages asking for them
Attached File(s)
File Type: pdf Tom Demark Price Pojection 01 (1).pdf   1.1 MB | 3,048 downloads
File Type: pdf Tom Demark Price Pojection 02.pdf   445 KB | 1,947 downloads
File Type: pdf Tom Demark Price Pojection 03 (1).pdf   581 KB | 2,135 downloads
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  • #314
  • Oct 28, 2013 4:54pm Oct 28, 2013 4:54pm
Now here is something for DeMarkers' to ponder. Talk about going to the extreme target.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdh4.png Size: 44 KB
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  • #315
  • Nov 6, 2013 8:58pm Nov 6, 2013 8:58pm
Quoting KiwiOz
Now here is something for DeMarkers' to ponder. Talk about going to the extreme target. {image}
Get ready Neddy. 1266 is calling............
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdh4.png Size: 47 KB
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  • #316
  • Nov 7, 2013 9:01pm Nov 7, 2013 9:01pm
Quoting KiwiOz
DeMark files for those who sent messages asking for them {image} {image} {image}
ou for

Thank you for good reading material !
  • #317
  • Apr 5, 2014 11:34am Apr 5, 2014 11:34am
Quoting diamonddbw
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. {image} {image}

Hi Diamonddbw,


Thank you for your info

Can you tell us what is the volume indicator and platform you use in this picture?

thank you so much!
  • #318
  • May 8, 2014 3:12am May 8, 2014 3:12am
I was little playing with a back test tool and gave little attention to DeMark Trend Lines as well...

I played with the daily TF data of 2012 for many forex pairs and only with long trades...

Some other stuff
EMA(7)>EMA(13) Open Long TP: 1 ATR SL: 1 ATR Profit Factor: 1.07
RSI(14) up in last 3 days & RSI<70 & RSI>50 TP: 1 ATR SL: 1 ATR Profit Factor: 1.05
PSAR buy signal TP: 1 ATR SL: 1 ATR Profit Factor : 0.98


DeMark
Level 1 Upside Breakout TP: 1 ATR SL: 1 ATR Profit Factor: 1.24 Winners : %56 958 Trades
Level 1 Upside Breakout Qualifier 1 met TP: 1 ATR SL: 1 ATR Profit Factor: 1.17 Winners : %54 391 Trades
Level 1 Upside Breakout Qualifier 2 met TP: 1 ATR SL: 1 ATR Profit Factor: 1.13 Winners : %54 84 Trades
Level 1 Upside Breakout Qualifier 3 met TP: 1 ATR SL: 1 ATR Profit Factor: 1.25 Winners : %56 659 Trades

Level 2 Upside Breakout TP: 1 ATR SL: 1 ATR Profit Factor: 1.16 Winners : %54 724 Trades
Level 2 Upside Breakout Qualifier 1 met TP: 1 ATR SL: 1 ATR Profit Factor: 0.98 Winners : %50 253 Trades
Level 2 Upside Breakout Qualifier 2 met TP: 1 ATR SL: 1 ATR Profit Factor: 1.03 Winners : %51 37 Trades
Level 2 Upside Breakout Qualifier 3 met TP: 1 ATR SL: 1 ATR Profit Factor: 1.10 Winners : %53 457 Trades

Limits

  1. I was unable to test profit targets based on DeMark rules and only used fixed targets
  2. Limited time period and only long trades are used

Findings

  1. It is obvious that DeMark lines has potential to create positive expectation
  2. Qualifiers may not be as helpful as he expected
  3. As he recommended Level 1 B/O are more profitable


Not look like holy grail but I liked the results

  • #319
  • May 12, 2014 10:13am May 12, 2014 10:13am
Here is another nice Demark Trend line indicator
Attached File(s)
File Type: mq4 DeMark lines.mq4   17 KB | 2,136 downloads
  • #320
  • Nov 25, 2015 6:52am Nov 25, 2015 6:52am
nice one
Attached Image (click to enlarge)
Click to Enlarge Name: Fiksavimas.PNG Size: 80 KB
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