DeMark Forex Swing Trading Strategy

0
746

DeMark Forex Swing Trading Strategy

This is a strategy developed by Tom DeMark. This strategy is based on drawing trendlines on recent swing highs or lows. Trade is initiated during the breakouts of the trendlines.

The Demark trading strategy is applicable in a 15 minute to a daily timeframe and there is no need for additional indicators because you will only need to use price actions.

There are only two types of trendlines: upward trendlines and downward trendlines.

To draw upward trendlines, you find two bottoms of price moves and connect them and you have a trendline.
To draw a downward trendline, you find two peaks of price moves and connect them and you have a trendline.

Trading Rules:

  1. Draw the up and down trend lines on your chart.
  2. Look for a break of the trend line on the chart to identify signal trend direction.
  3. The candlestick that breaks the trendline must close below or above it, depending on where it break.
  4. Place a buy stop or sell stop order a few pips away from the high or low of the candlestick.
  5. Use Previous Peaks or Bottoms as your take profit target.
  6. You can use a trailing stop and place it on the peaks and bottoms as a trade moves profitable to lock in your profit.

Use EURUSD 4-hour chart for the template.

Recommended MT4 Brokers

XM Broker

  • Free $50 To Start Trading Instantly! (Withdraw-able Profit)
  • Deposit Bonus up to $5,000
  • Unlimited Loyalty Program
  • Award Winning Forex Broker
  • Additional Exclusive Bonuses Throughout The Year

XM broker

>> Sign Up for XM Broker Account here <<

FBS Broker

  • Trade 100 Bonus: Free $100 to kickstart your trading journey!
  • 100% Deposit Bonus: Double your deposit up to $10,000 and trade with enhanced capital.
  • Leverage up to 1:3000: Maximizing potential profits with one of the highest leverage options available.
  • ‘Best Customer Service Broker Asia’ Award: Recognized excellence in customer support and service.
  • Seasonal Promotions: Enjoy a variety of exclusive bonuses and promotional offers all year round.

fbs broker

>> Sign Up for FBS Broker Account here <<

Click here below to download:

Save

Save



Get Download Access

Get Smarter About Forex Trading Using Indicators

Join 100,000+ subscribers and get our 5 min daily newsletter on what matters in forex.

We do not sell or share your information with anyone.

LEAVE A REPLY

Please enter your comment!
Please enter your name here