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.
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;
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