Tom DeMark Trend Line on Daily

[erebus]

And there it is, top trend line moves to the new formed fractal point

 

[erebus]

But as shown, I've got all my play money on the AUD, some excellent trend line breaks there

 

[erebus]

Had another look at these lines, I think I've got it now, or maybe I confused bear market with brains

 

[Cedric]

Hey Erebus,
Interesting thread you got going here. I have never really played around with DeMark trendlines. I draw trend lines very differently.. some people refer to them as inner trend-lines. I also trade 4 hour charts exclusively and find supply demand areas in much the same way you do.
You may be interested in this... I'll give you more details if you want.

I traded this in the 4hour although I've shown it here in 1hour because its clearer.

BTW are those aggression bars you using? are you finding them useful??

 

[erebus]

Sorry for slow reply, no internet ADSL for 10 days and a lot of work happening!

Those bars are shown in TradingView, the online charting package.

Chris Moody Price Action bars, the usual Inside, Outside, Pin Bar and the special Shaved Bar

That is the Close is very close to the high or low, default 5% of range

Still I am looking at Daily DeMark Trend Lines, I like them because there is no discretion about them.

Using the criteria, everyone will see the same line in the same place; can't do that with regular trend lines.