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Demark Indicator


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  #11 (permalink)
 NGtrader 
Burnaby, BC Canada
 
Experience: Advanced
Platform: Ninjatrader
Broker: Ironbeam, Kinetick
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Posts: 237 since Apr 2014
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forgiven View Post
well, not to bad for smaller time frame charts . there used on longer time frames for swing trading most of the time . that is what they are designed for . there are over 30 indicator that can be used in combo to filter signals . then you have the problem with a trade view indicator code . i would only use the code from the developer if i where betting real money on the signals . i only swing trade stocks now . the developer has his own platform and all the indicators are 99.00 a month . chicken feed , if they work . i am going to try them out , i love his platform , simple and easy to use . are you still in the Dalton camp . i will keep you posted if i see any thing helpful.

Nope, not into Dalton anymore. Just sticking to mostly Wyckoff and a bit of smart money concepts, trying to keep it simple.

Even on a weekly chart the DeMark signals aren't that great, only a couple of nice reversals but mostly pullback signals that don't last very long.


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  #12 (permalink)
 
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 forgiven 
ashville NC
Market Wizard
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
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NGtrader View Post
Nope, not into Dalton anymore. Just sticking to mostly Wyckoff and a bit of smart money concepts, trying to keep it simple.

Even on a weekly chart the DeMark signals aren't that great, only a couple of nice reversals but mostly pullback signals that don't last very long.


That does not look that far of , the swings would be tradeable if a 240 min. or 60 min were used for entry . add in fib extensions of 161.8 from the last major swing high or low and fib . retracements in to the gold zone . may be , we shall see . thanks trade well .


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  #13 (permalink)
 NGtrader 
Burnaby, BC Canada
 
Experience: Advanced
Platform: Ninjatrader
Broker: Ironbeam, Kinetick
Trading: ES, CL
Posts: 237 since Apr 2014
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forgiven View Post
That does not look that far of , the swings would be tradeable if a 240 min. or 60 min were used for entry . add in fib extensions of 161.8 from the last major swing high or low and fib . retracements in to the gold zone . may be , we shall see . thanks trade well .

Yeah when I looked more closely at it, some of the moves are pretty big and definitely a smaller timeframe entry would work nicely.


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  #14 (permalink)
 
forgiven's Avatar
 forgiven 
ashville NC
Market Wizard
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
Frequency: Every few days
Duration: Days
Posts: 929 since Mar 2012
Thanks Given: 309
Thanks Received: 666


NGtrader View Post
Yeah when I looked more closely at it, some of the moves are pretty big and definitely a smaller timeframe entry would work nicely.

use your market profiling skill set into the major turning points , excess , poor highs and lows and a brake out of balance ( example ..a gap in the correct direction that does not fill quickly .


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