Hi adam,
Frankly speaking, i dun really quite understand… lol due to my stupidness or lack if imagination… haha still a noob…
Maybe u can attach a picture… lolx cause a picture says a thousand words!!!
Good day and best regrads
Hi adam,
Frankly speaking, i dun really quite understand… lol due to my stupidness or lack if imagination… haha still a noob…
Maybe u can attach a picture… lolx cause a picture says a thousand words!!!
Good day and best regrads
Hey.Sorry I cannot find any illustrations on the net. I will try to make some of my own and post them on here.
Here are the qualifiers for a break out you can follow.
Upside breakout qualifiers
Qualifier 1: The price bar prior to an upside breakout must be a down close.
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 one tick higher.
Qualifier 3: The previous price bar�s close plus the previous bar�s �buying pressure� must be below the current
price bar�s TD Supply Line price level.
Qualifier 4: The current price bar�s open must be above both the previous two price bars� closes, and the
current price bar�s TD Supply Line must be above the previous price bar�s high.
Downside breakout qualifiers
Qualifier 1: The price bar prior to a downside breakout must be an up close.
Qualifier 2: The current price bar�s open must be less than both the current TD Demand Line and the previous
price bar�s close and must then trade at least one tick lower.
Qualifier 3: The previous price close minus the previous bar�s �selling pressure� must be above the current
price bar�s TD Demand Line price level.
Qualifier 4: The current price bar�s open must be below both the previous two price bars� closes, and the
current price bar�s TD Demand Line must be below the previous price bar�s low.
Have a good one.
Adam
thx dude… i tried to understand
Hace a nice day
Best Reg
Hope this works for you …
here I hope it works
thx dude… look like only u and me are trading this… hahaha
Nice day!
I’ve been looking at this for some time now. Demoing and back testing. Looks very good. No holy grail but with proper money management and discipline it’s starting to look like the best thing I’ve come across. Easy to understand and implement.
One point I’d make from my testing so far is this…
Check the overall trend for the pair on the daily chart and only take trades on the 4 hr chart in the direction of the daily trend. Also, look for pairs that are trending nicely on the daily chart and avoid ones that are range bound. You may miss a couple of good trades here and there but on the whole it keeps you out of alot of bad trades. Psychologically that is very good to me as it makes sticking with the system easier. Initial testing seems to indicate it is more profitable that way too, however I have not done enough testing to be sure yet.
Cheers,
PKFFW
My source sayz that Mouteki stole this system from a dude named Tom Demark.
i’m not sure what he does or wat… i just share with his trading system with credit his name on the main page.
No flamming pls
Nice day!
He might have adapted a good deal of DeMarks original template & his execution body, but I think [I]stealing[/I] is a little harsh?
Most of the mainstream trade strategy & method deployment out there on the various bulletin board circuit is merely a re-working of something else.
You won’t find anything new out there which hasn’t been re-hashed, re-invented and/or resurrected for the umpteenth time as a “new method of making consistant profits” LOL.
If a trader can pick a little of this & add a bit of that to cobble together a strategy which works for him/her, then all good & well I say.
Couldn’t agree more.
Mouteki’s entry condition has been changed from TD and also his PT measurements.
I suppose in a perfect world Mouteki would have given credit for the original idea to TD but as you say…stealing is a bit harsh a word.
Cheers,
PKFFW
I am looking to implement this with my trading system to determine when to exit a trade. I use indicators such as EMAs, RSI, and MACD to determine when to enter a position but have been using trendlines and fibonacci to determine when to get out. One problem with my method is the main arguement both Mouteki and DeMark solve, the somewhat arbitrary placement of trend lines.
I downloaded the indicator for MT4 someone provided in this thread and plan on using that to determine where to place my T/P. I’ll let you guys know how it works out for me
mattrx1
do let us know… last week was a profitable trade using this system…
From back testing this system that this works about 7 of 10 times. Currently on the CAD/JPY I lost money…
I added a 14 EMA and 5 EMA and notice that these cross on or about the same time the candles break the line.
WHat are your opinions on this?
Short Trade on GBP/USD
Everything is Go appart from the EMA cross.
Regards.
E. Lang
Long Trade on USD/JPY
Everything is Go appart from the EMA cross.
Regards.
E. Lang
None of the entries produced an EMA cross, in fact from what i can see, they all went in the opposite direction.
Shows how important it is to have at least several clues pointing to the same direction.
If you however drew trendlines in the opposite direction you would have caught the whole move up.
USD/JPY is still bullish, but no cross, everything else seems a Go.
Regards,
R. Lang