#6 Tom DeMark Trend lines

Yes, Azim
we wait for a bar to close before entering, I do when trading trend line breakout (except for advanced #5).

To user who said that it's not working - currency trading based on support/resistance, including trend lines will never stop working, because this is the essence of trading. But such type of trading may not work for everyone, or may not work from the first time you use it. Either way, I always suggest to move forward and try new things if any system doesn't deliver results for you. So yes, there is a value in your feedback as well.

Kind regards,
Edward

this is a perdant strategy. doesn't work anymore both EMA's and divergences . Doesn't work with candlesticks patterns and 123 pattern. This strategy sux . Don't lose time with this

Hi Edward,

Should i wait for the bar to close after the breakout before entering the trade?

Azim

These facts suggest you should stop trading live.
Every trader can have ups and downs in trading, but only those who are able to manage funds appropriately survive.
There is a wisdom that you can lose by having little experience, but you can't be rich under the same circumstances.
Give it some more time on demo before you consider taking a new risk. It often takes years to master Forex trading, so don't quit.

Thomas

Thank you,it works.please i need help,i lost more than $600 on Thursday due to the news release,i have tried Technical is not working for me,i bought system all is the same thing,that is i decided to try Fundamental and i lost $600,please help.
Destiny, getawayclub4real(at)yahoo.com

Try with the right mouse click -> save as

Thomas

Hi Edward,
I can not open the Tom Demark Trendlines files
Indicators:

IND-TD-DeMark-3-1_eng.mq4

Ind_TD_DeMark_3_1_LA_Mod_03B_AIME.mq4

all is opening like a webpage and display codes, please what do i do?
Destiny, getawayclub4real(at)yahoo.com

Thank you Steve,

Unfortunately, I'm not familiar with MQL to add features to MT4 indicators.

Regards,
Edward

Hi Edward ...Great job on the forum and thanks for the DM indicators ...I prefer the IND-TD-DeMark-3-1_eng.mq4 as it gives projected profit targets, but the other indicator has Alerts...

...any idea how I can add Alerts to the IND-TD-DeMark-3-1_eng.mq4 one?

Kind regards, Steve.

This Demark Trendline is now my Favorite System. I trade it on the Daily Charts and it has worked great. You just need huge stops. Thanks for sharing!

This method is known as Donchian channel method.
I've attached the manual and MT4 indicator for you.

Donchian channel breakout (pdf)
Donchian_Channels_v1.mq4

Hope this helps.

Happy trading!
Edward

Hello

Is anybody trading this Richard dunchain 4week rule system
is there a thread about it
By the way Edward I have bouth the book about trend lines maybe I will learn from it but you vsee I am french english is my second language
thanck you for all your help you and every one else on this forum
and happy new year to al

Réal

Hi Claude,

we didn't talk about it before.

Here is what guys at Visual trading think about formulas for buying and selling pressure:

bp = buying pressure
tl = true low
bc = bar close
bl = bar low
pc = previous bar close

if (bl < pc) then (tl = bl) else (tl = pc)

bp = bc - tl

------------------------------

sp = selling pressure
th = true high
bc = bar close
bh = bar high
pc = previous bar close

if (bh > pc) then (th = bh) else (th = pc)

sp = bc - th

source: http://forum.vtsystems.com/lofiversion/index.php/t7302.html

Regards,
Edward

Hello Edward,

Calculating the buying pressure is easy enough. Low-close+close. What about "selling pressure" for a downside breakout? maybe it has been mentioned somewhere but I don

Claude

Hi Réal,

traders are encouraged to create new threads at the forum. Once a discussion starts, a thread will be linked to the main website page.

Regards,
Edward