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DM Indicator

EURCAD Buy TD Setup PerfectionEURCAD has put in a TD Setup Perfection Buy and triggered an entry with a buy stop at 1.50530 Stop is a 12 hour bar close below 1.46960 With MACD turning up here and the Demark Setup, this one has a lot of potential. All /CAD crosses are firing off these setups as well, I had my pick of which to chose and I went with EURCAD as I have the strongest win rate in backtest and live markets with a 56% win rate and 2.5% winner to 1% loser, over time this is how the trading game is won.
Long
by ChrisD_Macro
BTC Long ContinuesI've written a bit about the bottoming process in assets, specifically how Bitcoin is bottoming and what that should look like over time. 2018 has been a dramatically different environment for the crypto space than 2017 was, obviously. There was manic euphoria and when those types of parabolic moves exist, the eventual hangover is long and drawn out with false hopes, and dreary grinds lower. After the violent bottom spikes from February, each consecutive bounce was less violent, less aggressive and began to morph into a different kind of market. February's bounce looked a lot like the bounces in 2017, but the subsequent bounces we got in April and June looked and acted a lot different. As if the selling just got exhausted and casually started going higher, no sense of urgency, no fear that one would miss the move. Eventually we started to move back into a more bullish camp, represented by the bullish divergence on 3 Day MACD. This to me was the clue that the lows might not be completely in yet, but that buyers have taken over. My mildly bullish trade narrative is that we bottomed at 5755 in June and with the bullish MACD divergence are starting to go more sideways with an upward tilt. Reminiscent of the NASDAQ's bottom in 2002/2003. My view is that we move upward in a much more subdued and relaxed pace up to regain 20,000 again in the Fall of 2019. For the crypto tourists that is far too long away, but for those who are here for returns that is nearly a 3x return in a little over 12 months. This is the sort of move that can absorb bigger money and create generational wealth. On to business.... Primary Count puts us at Wave 2 bottoming at the 61.8% retracement levels from July lows. If that is indeed the count then we should expect 10,000 up next as our Wave 3 target at 161.8% projection. That's very optimistic! Alternate Count has waves 1,2,3,4 already in place and wave 5 is up next which would have us topping out again around the 9k level. In either case we seem to be shaping up for another leg higher. I'm long from 6400 and added Saturday around these 7100 levels
BITFINEX:BTCUSDLong
by ChrisD_Macro
1
GBPJPY Short ContinuyesGBPJPY continues the downward move after breaking below the trendline support that held up twice before, the next test looks to be the previous swing lows 143.769 143.195 Today we've bounced off the first level at 143.769 so far getting as low as 143.811 (pretty darn close). Notice that both of these previous swing lows brought multiday rally's so the risk at these levels looks to increase. However, much like the trendline break over the weekend, these support levels tend to have a bunch of stops sitting right around those levels and could be fuel for a more accelerated drop. Either way, I've moved my stop down to breakeven at 146.805 and added a bit more to this short position at 144.050
Short
by ChrisD_Macro
ETHUSD Buy Demark Setup PerfectionGoing Long ETHUSD -2.44% -2.82% with a Demark Setup Buy Perfection signaled on the 12 hour chart and a move above the high of the 9 bar at 415.89 -Long at 415.89 or better (got filled Saturday morning at 405.96) -Stop with a *12 hour bar close* below 399.13 (the 12 hour candle must close below this level to signal liquidation, merely going below does not stop me out of this trade). Currently BTC as below 7000 but sitting on the 61.8 level for support, 6500 is the next support if it doesn't turn around here. This is weighing down all crypto at the moment. This weekend should be pretty volatile, try not to puke! That being said, I am only focused on trading these Demark Setup Perfections as the backtests have proven exceptional. Will look to add to this position if it moves in our direction.
BITFINEX:ETHUSDLong
by ChrisD_Macro
1
Demark Setup Sell Perfection on GBPJPY On 7/11 GBPJPY generated a Demark setup sell perfection. A Sell Stop order was placed at 146.805 and was filled a week later on 7/19 with an initial stop at 149.4610. This week we swung back to our entry price and a bit higher before turning lower on Thursday and Friday. With the swing high this week and putting in new lows, we dropped our stop from -260 pips down to -38 pips just above the swing high of 147.148 taking us into the weekend with a bit over +200 pips in the money and stopping near perfectly on that little trend line from the previous two swing lows perhaps setting up a triple bottom(?). Given the location of the close (trendline support) and the daily + weekly bars there might be some geo-political fireworks over the weekend to cause effecting Yen or Cable and thus GBPJPY to open below that level dramatically and running stops or move back to the top of this range. A bit of a head and sholder pattern is in there so we might actually get a further dump here if the H&S is actually in play. To Be Continued....
Short
by ChrisD_Macro
WTI Demark Setup Perfection Buy and Upward Trend Channel So far TD Setup Perfection Long position signalad a buy and is holding up with some respectable gains. Long 68.41 Stop Daily close below 65.75 MACD turning higher but still hasn't crossed up, but if we have a higher close on Sunday Globex session that *could* bring Monday morning buy orders. On the weekly chart, we have a really nice upward trending channel that we are currently bouncing off the bottom band, that could also help bring in some buyers and run us up to the top of the range around 78/80. (Bottom Left Chart) www.tradingview.com The only concern I have is the bearish divergence on the weekly MACD, lower highs while the price makes higher highs.
TVC:USOILLong
by ChrisD_Macro
BTC Sell Signal - Demark Setup Sell Perfection Last week 7/24 BTCUSD generated a Demark 9 Setup Perfection Sell Signal. The entry was triggered via a Sell Stop below the low of the 9 bar at 7690 with an initial stop at 9323 This aligned with hitting the 61.8% Fibonacci retracement levels from the May highs to June lows, as both of these lined up it gives a little more confidence in the short side playing out and one other note, the 52 week moving average sits at the 8200 level. A good amount of headwinds to give BTC a reason to drop back down and test out some support levels and see if buyers are indeed interested in owning BTC here or was it just traders. Contextually we are in a longer term bottoming process in BTC, I've written about it here So far this bottoming process is playing out as expected, rather the opposite of late 2017 action and I expect it to continue this way. Continuing the bottoming process we should pull back to test some support levels and see if buyers can be enticed to come back in, as well new investors from traditional markets. Here's how we are playing this ----------------------------------------- -Shorted with a sell stop at 7750 with an initial stop with a daily bar close above 9323 (the daily has to close to be valid). -Looking for Fibonacci retracement levels from June lows to last weeks highs 38.2% = 7578 50% = 7296 61.8% = 7006 (primary) 78.6% = 6590 (secondary) If those levels fail the 5755 June lows are the next target to hold which brings 4975 and 3000 back into the picture. ----------------------------------------- All of these lower levels are still part of the bottoming process and valid unless we lose the bullish divergence on MACD.
BITFINEX:BTCUSDShort
by ChrisD_Macro
Demark Setup Perfection Sell with Wave 1 RecoverySPY and QQQ have generated Demark Setup Perfection Sell signals on the daily charts. After a bit of a capitulative blow off higher we then turned down for three consecutive days as part of Wave 1 of the 5 waves down. We've since bounced and retraced 50% of the move (as of this writing) and can get up to 61.8% level before turning lower. Coincidentally we are going into AAPL earnings this evening and the rest of FANG has had some issues thus far, it leads me to think wave 3 down (the most violent wave) will be triggered by missed earnings. We are currently short with our initial short entry, and looking to add to our position here another small chunk, as SPY and QQQ continue to prove us right or get stopped out and look for the next swing trade. Currently Short 1/4 at 280 Adding 1/4 position around 282 level then will sit on the short to see if it plays out as Wave 3. Due to the low volume time of year I'm not taking larger positions than 50% of my full typical allotment
AMEX:SPYShort
by ChrisD_Macro
BTC -Magic charts which Time the markets !Hello I keep and continuing analysis on the same chart . If you see my previous trades ( scroll to left from right ) they have been successful in giving you the right direction and entry points for trade along with targets. Well if you are a trader- all you need to make a successful trade is Market Timing ! New Trade 31/07 TREND LINES MARKED IN BLACK- SHORT BITCOIN BELOW 8100 TARGET - 7750 LEVELS STOP LOSS- 8234 BUT IF CANDLES START CLOSING ABOVE UPPER TREND LINE WE WILL GO LONG AND CLOSE SHORT TRADES . TRADING IS DYNAMIC , NEW PIVOTS WILL CHANGE TARGETS AND DIRECTION .
BITFINEX:BTCUSDShort
by edjunkmailbox
Short BTC till 8000 $ ( new dynamic trading )Short BTC till 8000 $ ( as per new pivot points ). STOP LOSS startegy -Close trade if you get a new candle which opens above my demand line ( lower blue trend line) Check all the results with my previous trades on the same chart by scrolling right to left! Its a simple chart with simple methods but times markets well where complex chartists fail ! I answer the following questions in every trade :- When to go long /short ? How much to go long or short with clear targets ? What to do to exit the trade ? Nothing is fixed in a dynamic market and strategies will change with every few candles , that is why I dont believe in historical prices or classical trading methods . They will never teach you market timing and inflate a false sense of ego ! I discovered that whatever previous ideas i had on TA were wrong - accepted it - and now have completely re - learnt new startegies .
BITFINEX:BTCUSDShort
by edjunkmailbox
4
BTC -Time the markets with me !There are too many analysts and too less traders on tradingview . What is missing ? Market timing . Most analysts can predict the targets but fail to tell u the exact timing to place a trade which results in missing the swings . Swings can be in either direction - it maybe short one day long the next. Please see the previous trades I had published . Whats next ? Place a trade when my demand line is broken with a candle close . Targets are marked for $500 down swing. Exit trade on reaching target as market may change direction. Stop loss - If candles hit supply line in opposite direction exit trade as we may have to go long .
BITFINEX:BTCUSDShort
by edjunkmailbox
4