The DeMark Trading Strategy was developed by a guy called Tom DeMark.

If you are interested, here is where you can find more about him. The DeMark Trading Strategy Relies on you drawing trendlines.

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Draw your up and down trend lines on your chart. Step 3 At the close of the candlestick that breaks out, place an pending buy stop or sell stop order a few pips away from the high or low of the candlestick.

Tom demark Trendlines Indicator - Forex World

Or you can use a trailing stop and place it behind the peaks and bottoms as a trade moves profitably to lock in your profit. Mail will not be published required.

You can use these tags: DeMark Trading Strategy The DeMark Trading Strategy was developed by a guy called Tom DeMark.

And as soon as these trendlines are broken, a trade is initiated.

To keep it simple for you to understand and execute trading setups when you see them. There are only two types of trendlines: Step 2 Look out for a break of the trend line on the chart to signal trend direction Step 3 At the close of the candlestick that breaks out, place an pending buy stop or sell stop order a few pips away from the high or low of the candlestick.

Step 4 Use Previous Peaks or Bottoms as your take profit target. Posted in Advanced Swing Strategies.

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