8# Breakouts Trading System
Tom DeMark's trading Method
Submit by joy22
This system is based on Tom Demark’s trading method.
Here is a screenshot of the system. We are only going to use 2 indicators.
The first indicator is the one called ‘’Trends’’.
This indicator tell us, where and when to buy/sell. And where to place our stop loss and targets. Buy Zone is the area above the Blue trendline.
When price cross this line, time to buy the currency pair. If price cross the Red trendline, that’s a SELL signal.
You will notice a white dots on the top or below the candles. Those dots tell us where
to place our stop loss when we enter the market.
Targets will be shown as horizontal lines on the chart. Red line = Sell Target. And Blue line = Buy Target.
For confirmations, we are going to use a second indicator. The one called ‘’Arrows’’.
We are only going to sell, when the last arrow before breakout was a red down - arrow.
And we are only going to buy, when the last arrow before breakout was a blue pointing up - arrow.
Now let’s put all that together ..
BUY SIGNAL :
1 – Price breaks the Blue Trend
2 – Last arrow signal was from a blue arrow
1 – Price breaks the Red Trend;
2 – Last arrow signal was from a red arrow;
Share your opinion, can help everyone to understand the forex strategy.
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fx (Tuesday, 27 March 2018 09:48)
no need read arrow just read trandline breakout n tp
Duc (Sunday, 06 November 2016 15:45)
Could I know how to Arrows work? I understand that Arrow define the Main Trend but it so late in H4, Daily. It would be appropriate in H1 only. email me at email@example.com
sergio bentes (Tuesday, 19 May 2015 18:23)
In the first example, the top arrows are blue and the bottom arrows are red. In the following exemples, they are inverted. Is it correct?
cyrus pickens (Thursday, 14 August 2014 05:33)
Question about the above strategy. You say that you should buy when the price breaks the blue line ad there's a blue up arrow. In the above pic the arrow is blue but pointing down. The same goes for the sell example. Price breaks the red line and there's a red arrow but it's pointing up. Is that correct. Thanks