NexusFi: Find Your Edge


Home Menu

 





Tom Demark's indicators and Triple EMA Painter


Discussion in Emini and Emicro Index

Updated
      Top Posters
    1. looks_one skyfly with 6 posts (13 thanks)
    2. looks_two wldman with 5 posts (3 thanks)
    3. looks_3 omrangassan with 3 posts (1 thanks)
    4. looks_4 lolu with 1 posts (1 thanks)
      Best Posters
    1. looks_one skyfly with 2.2 thanks per post
    2. looks_two lolu with 1 thanks per post
    3. looks_3 wldman with 0.6 thanks per post
    4. looks_4 omrangassan with 0.3 thanks per post
    1. trending_up 15,514 views
    2. thumb_up 18 thanks given
    3. group 7 followers
    1. forum 15 posts
    2. attach_file 19 attachments




 
Search this Thread

Tom Demark's indicators and Triple EMA Painter

  #1 (permalink)
 skyfly 
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.

Attached Thumbnails
Click image for larger version

Name:	1 chart.jpg
Views:	1143
Size:	115.4 KB
ID:	40021   Click image for larger version

Name:	2 chart.jpg
Views:	810
Size:	113.9 KB
ID:	40022   Click image for larger version

Name:	3 chart.jpg
Views:	654
Size:	128.2 KB
ID:	40023   Click image for larger version

Name:	4 Chart.jpg
Views:	654
Size:	103.5 KB
ID:	40024  
Reply With Quote

Can you help answer these questions
from other members on NexusFi?
NexusFi Journal Challenge - April 2024
Feedback and Announcements
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Request for MACD with option to use different MAs for fa …
NinjaTrader
ZombieSqueeze
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Retail Trading As An Industry
67 thanks
NexusFi site changelog and issues/problem reporting
48 thanks
Battlestations: Show us your trading desks!
43 thanks
GFIs1 1 DAX trade per day journal
32 thanks
What percentage per day is possible? [Poll]
31 thanks

  #2 (permalink)
 skyfly 
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.

Attached Thumbnails
Click image for larger version

Name:	just drawn.jpg
Views:	493
Size:	101.4 KB
ID:	40157   Click image for larger version

Name:	break.jpg
Views:	456
Size:	110.2 KB
ID:	40158   Click image for larger version

Name:	exit.jpg
Views:	408
Size:	103.4 KB
ID:	40159   Click image for larger version

Name:	trendlines.jpg
Views:	389
Size:	129.5 KB
ID:	40160  
Reply With Quote
  #3 (permalink)
 skyfly 
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.

Attached Thumbnails
Click image for larger version

Name:	1.jpg
Views:	391
Size:	102.6 KB
ID:	40317   Click image for larger version

Name:	2.jpg
Views:	327
Size:	117.5 KB
ID:	40318   Click image for larger version

Name:	3.jpg
Views:	312
Size:	119.8 KB
ID:	40319   Click image for larger version

Name:	4.jpg
Views:	316
Size:	111.5 KB
ID:	40320  
Reply With Quote
  #4 (permalink)
 skyfly 
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.

Attached Thumbnails
Click image for larger version

Name:	8.jpg
Views:	452
Size:	125.3 KB
ID:	40433   Click image for larger version

Name:	9.jpg
Views:	302
Size:	119.7 KB
ID:	40435  
Reply With Quote
  #5 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
Posts: 2,552 since Jun 2009
Thanks Given: 1,049
Thanks Received: 1,678


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

Attachment 40445

Visit my NexusFi Trade Journal Reply With Quote
The following user says Thank You to lolu for this post:
  #6 (permalink)
 skyfly 
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

Attached Thumbnails
Click image for larger version

Name:	60.jpg
Views:	391
Size:	114.4 KB
ID:	40548   Click image for larger version

Name:	Tom.jpg
Views:	406
Size:	113.3 KB
ID:	40549   Click image for larger version

Name:	Third.jpg
Views:	359
Size:	98.4 KB
ID:	40550   Click image for larger version

Name:	1.jpg
Views:	339
Size:	107.3 KB
ID:	40551  
Reply With Quote
  #7 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090


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.

Reply With Quote
  #8 (permalink)
 skyfly 
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.

Reply With Quote
  #9 (permalink)
 
wldman's Avatar
 wldman 
Chicago Illinois USA
Legendary Market Wizard
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
Frequency: Several times daily
Duration: Hours
Posts: 3,502 since Aug 2011
Thanks Given: 2,040
Thanks Received: 9,475

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.

Visit my NexusFi Trade Journal Reply With Quote
  #10 (permalink)
omrangassan
Riyadh - Saudi Arabia
 
Posts: 35 since Aug 2012
Thanks Given: 7
Thanks Received: 5



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 ?

Reply With Quote
The following user says Thank You to omrangassan for this post:





Last Updated on January 20, 2018


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts