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Tom Demark's indicators and Triple EMA Painter


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Tom Demark's indicators and Triple EMA Painter

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  #1 (permalink)
Texas
 
 
Posts: 113 since Jun 2010

This looks promising

I have always tried to trade the MACD. I know it does lag, but it also often and quiet frequent does make money. This is what I got up now. I found Tom Demark's T D i Setup on the downloards list. I was not looking for it, just came across it. It had arrows on it, and I like arrows! lol.

I also just by chance put up the Triple EMA Painter. These seem to go really well together.

The little I know about Demark's work. Well it is very little! I do know that some sort of count down starts after looking so many bars back, four I believe. This count down continues till it reaches 9, at which time for some reason it decides it either is a "perfected" buy or sell or it is not. And if it is not then all the numbers will disappear.

At first glance it seems to really just fall flat on it's face. I mean if you took trades based on these arrows, you would get killed. However these arrows, from my understanding, are not "buy" or "sell" signals. They are a "Heads Up" things are going to change. It's then up to you to decided when things have changed to the up side or down side. Either price is making lower highs and lower lows, or vise versa.

Atleast for me it seems to work really well with using the MACD and trading pull backs. Tom Demarks arrows gvie the "Heads Up" I'm looking for. Then it's just a matter of waiting for a pull back, easy to see with the MACD. One thing to note that I have learned, might be obvious to you all, is that if the MACD has a "pull back" and price does not, but goes side way's, stay away from that.

I just happened to throw up the Triple EMA painter, and you can see for yourself how well it looks. Yes true it does get you in some trades that you get stoped out in. But atleast for now, it picks really, really good entry points.

IMPORTANT
In the second picture near the "ticks counter" you will see and arrow next to a green arrow. It looks aqua. This arrow is telling you that a major trend change is going to take place. It's going to go the other direction. Not go flat but go up. Now this does not always happen, but it looks to me like it's right enough times, for me to get my pull back trade in. The same thing is true for a short and the arrow color is a "light redish" see the fourth picture for an example of this.

I'll see if I can make this work, hope so.

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  #2 (permalink)
Texas
 
 
Posts: 113 since Jun 2010

Well that's great another good day. Now I've not put three days together in a long long time, so, I hope Monday goes well too lol.

The first point I want to talk about is howTom Demarks indicator draws stop loss lines. They are very, very good. From the first picture you can see on the far left the green line was drawn fairly quickly as price's came off the lows. Now the CL gaped down big today. After it sold off, my direction was looking up ward. The second picture show's the days first candles, and that sell off. You can see the aqua "up" candle, that is telling you the trend is going to change and go up.

So I'm looking long, that's my direction until something tell's me different. You can see on the second picture that after it came up off the lows it went sideways. Now as I was watching this, count down's where going on, but disappearing as they are supposed to. So I'm working off the basis of that "aqua" up arrow. The arrow pointing to the candle show's my entry. My target was atleast the high, where that blue line is on the second picture. So I'm sitting on this trade waiting, for either a stop out, or a reason to get out.

Now the third picture shows where second stop loss was now drawn at, this first one is still visiable in the bottom left of the picture. That stop loss was drawn when price was at the high of the day, where my "exit" text and arrow is at. That's awesome! I mean that thing is telling you, we are going up, way up. Had that not been the case, it would of pulled back and drawn a "higher" green stop loss line. Why did I exit where I did? Prices continued up from 99.13 up to about 99.60 around another six hundred dollars. Well I exited because it was early in the day for one. For two prices broke through "S1" and often they will pull back to it. I just wanted to preserve what I had, which was about 1000 dollars.

The second point I want to hit on is trend lines. I....I've been in the dark I guess. Cause in my personal opinion, that is where it's at. In the fourth picture the yellow trendlines you can see where drawn as price advanced, some where deleted and drawn again as price broke through, but didn't really go anywhere. Tom Demark's arrows also helped in helping me decide whether I thought this "break" of a trend line was going to go somewhere, or go no where.

Did I do what I was wanting to? Yes. I know on day's when price's gap up or down, the indicators can be screwy. I have a gap signal, and if prices are moving towards it, then I just trade pull backs in that direction.

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  #3 (permalink)
Texas
 
 
Posts: 113 since Jun 2010


Ok so this is good for me. This is the third day in a row I've won sim trading. I realize that is not a big deal to most. Anyways, what I'm doing is working.

So the CL opened up with a ap down toay(picture four). I have a gap plan in place. I've looked at using the triple ema painter to confirm it, and it works very well. Also it helps me in not taking the trade to soon. So making that gap trade today worked out great. As far as Tom Demark's indicator is concerned, it gave no trend change arrow, or just a regular red arrow. That however seems to be the norm, when you have gap day's. Indicator's sometimes take time to catch up. So no problem their

The first picture I have their I think is important. Their is your trendline and their it is being broken. That is your trade. I see that now, I think I "get it ". I would of liked to of not had three trade's in their, but I think sometimes you have to probe prices. No one know's what the next candle is going to do. My target for the trade, was the high. Demark's indicator was already showing a trend change might come. When I see thos trend changing arrows I and store it away in my head until I see price doing something to confirm it(HH,LL,LH).
You can see from the third picture that prices did fall.

Also the triple EMA painter I have up is working. It has helped me to get out of mistakes I've made quickly, instead of holding on and hoping. I noticed sometimes I just react, like a knee jerk reaction. Next thing I know I'm in the market. So it's helped when I've done that to right away exit the trade. Sometimes for a small gain, most often for a small loss. But all I gotta do is win two to three times a day, and I'm golden. Heck even once a day is good, and might in the long run be much better.

Ok, thats is. I hope tomorrow goes good to. That would be a record for me.

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  #4 (permalink)
Texas
 
 
Posts: 113 since Jun 2010

Ok this is an all time winning streak for me. Four day's in a row.

The first picture just show's where I took trade's at<yellow area's> The second picture just show's some trend lines I drew through the day. Kinda shows what I thought as the day progressed. I'm tired, no one is paying attention anyhow, so I'll pick it up again tomorrow.

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  #5 (permalink)
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skyfly View Post
I'm tired, no one is paying attention anyhow, so I'll pick it up again tomorrow.

I'm paying attention, pleaseeeeeeeeeeeeeeee.

I had this setup (without TripleMA) between yesterday and now but didn't really use it to trade. It looks very interesting.

Lolu

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  #6 (permalink)
Texas
 
 
Posts: 113 since Jun 2010

Well this is a record for me, I'm moving in to uncharted waters lol. I'm pretty much sold on trend lines now. I mean it just works. One thing I have noticed is that alot of the time trend lines that have "three touch's" on them, very often continue to trade in that direction. That is helpful when considering a trade or not.

I'm still doing the same thing. I have a gap play if that is the case in the morning. I'm using Tom Demark's indicator to help time my entry's. I'm using a triple EMA Painter on top of that. I also have up a "LinRegIntercept" to help with timing as well.

Now I have up a total of four charts see below. The first is just a 60 minute chart. That's their because I think that every hour close is important, it's also the potential for more movement, and another chance to make some money. The second one is a chart with Tom Demarks indicator on it, a LinRegIntercept, and a Triple EMA Painter. The third one is the one I'm always looking at, because it has a MACD a 100 SMA, and Feltons's trend MA set to 20 and weighted. The fourth is just a OHLC chart, for drawing trend lines, and that is becoming my most important chart.

So I guess thats it. In five days I'd of made 6,480 before commisions. Thats about the amount I thought I could make when I first started this 8 years ago. This is all sim trading, and I know the real thing is way different. That said, I've never won sim trading. Well I've never lasted more than three days sim trading. So hope this keeps

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  #7 (permalink)
virginia
 
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skyfly View Post
Well this is a record for me, I'm moving in to uncharted waters lol. I'm pretty much sold on trend lines now. I mean it just works. One thing I have noticed is that alot of the time trend lines that have "three touch's" on them, very often continue to trade in that direction. That is helpful when considering a trade or not.

...

congrats on your new discovery but the reality is this indicator's signals can be disappeared if not confirmed. Let's hope you get the same result in live trading.

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  #8 (permalink)
Texas
 
 
Posts: 113 since Jun 2010

Yes that signals can disappear, but that is only if their is not a " perfected count" A perfected count comes after it counts to 9 and then somehow determines that this is a "perfected count". Then it draws the arrow.

I thought at first I could proable sell on green numbers and buy on red, but then realized that numbers can disappear, unless it's a "perfected count"

Oh and today was a disaster, my fault.

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  #9 (permalink)
Legendary Market Wizard
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wldman's Avatar
 
Posts: 3,269 since Aug 2011
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Skyfly,

I checked out these forums on Big Mike because I am looking for help/input on choosing an analytic platform and b/d. The first search was for Tom DeMark and it returned your thread.

The indicator you are looking at looks like TD Sequential. Is it available here for Ninja Trader? That would be a huge plus for that platform in my opinion.

Would you consider helping me investigate the features of ninja trader in exchange for my experience with Sequential and the other DeMark indicators. I have most of Tom's books and the software manuals for another platform BUT since posting copyrighted material is against the rules I can not post them here.

The green and red lines on your charts look like they might be TDST...set up trend. Those are used as stops if violated in the opposite direction of the set-up. Anyway your acuity for how to use Sequential is very strong. If I was betting I'd say you are doing very well with it.

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  #10 (permalink)
Riyadh - Saudi Arabia
 
 
Posts: 33 since Aug 2012
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wldman View Post
Skyfly,

I checked out these forums on Big Mike because I am looking for help/input on choosing an analytic platform and b/d. The first search was for Tom DeMark and it returned your thread.

The indicator you are looking at looks like TD Sequential. Is it available here for Ninja Trader? That would be a huge plus for that platform in my opinion.

Would you consider helping me investigate the features of ninja trader in exchange for my experience with Sequential and the other DeMark indicators. I have most of Tom's books and the software manuals for another platform BUT since posting copyrighted material is against the rules I can not post them here.

The green and red lines on your charts look like they might be TDST...set up trend. Those are used as stops if violated in the opposite direction of the set-up. Anyway your acuity for how to use Sequential is very strong. If I was betting I'd say you are doing very well with it.



hi bro

do you know where can i get TD Sequential for Ninja Trader ?

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