Note: Supplemental materials are not guaranteed with Rental or Used book purchases.
- ISBN: 9781576603147 | 1576603148
- Cover: Hardcover
- Copyright: 10/1/2008
"Long a secret weapon for the hedge-fund elite," says Trader Monthly, the DeMark Indicators are now used by more than 35,000 traders. This book provides an easy-to-follow system for using the indicators to identify market turns as they happen. Author Jason Perl gives a concise introduction to thirty-nine of the DeMark Indicators, and then shows how to combine the indicators and time frames to achieve a higher probability of trading success. Thomas R. DeMark, the creator of the DeMark Indicators and one of the most well-respected practitioners of technical analysis wrote the Foreword to this book. This is the second book in the Bloomberg Market Essentials'„˘: Technical Analysis series, which covers the key elements of the most widely used technical analysis tools. Silver Medal Winner, Investing Category, Axiom Business Book Awards (2009) Winner: Book Series Cover Design, The Bookbinders Guild of New York/2009 New York Book Show Awards
Jason Perl is global head of Fixed Income, Currencies & Commodities Technical Strategy at UBS Investment Bank. Perl's area of technical expertise is the DeMark Indicators, which he has been using for the past fourteen years. In his current role, he and his team provide both short- and medium-term trading strategies to central banks, hedge funds, institutional investors, and wealth managers around the world; and general, specialist-education technical analysis training.
Prior to joining UBS, he was an independent consultant advising proprietary desks and hedge funds. He was a contributing editor for Futures & Options World, FX&MM, and the International Petroleum Exchange's (IPE) Pipeline magazine.
Prior to joining UBS, he was an independent consultant advising proprietary desks and hedge funds. He was a contributing editor for Futures & Options World, FX&MM, and the International Petroleum Exchange's (IPE) Pipeline magazine.
Foreword | p. xv |
Acknowledgments | p. xix |
Introduction | p. xxi |
Author's Note | p. xxv |
About DeMark Indicator Trademarks | p. xxvii |
TD Sequential: Defining the Trend and Identifying Exhaustion Points | p. 1 |
TD Setup | p. 2 |
Bearish TD Price Flip | p. 2 |
TD Buy Setup | p. 3 |
Interruption of a TD Buy Setup | p. 4 |
Completion of the First Phase of TD Sequential | p. 4 |
TD Sell Setup | p. 4 |
Bullish TD Price Flip | p. 4 |
TD Sell Setup | p. 4 |
Interruption of a TD Sell Setup | p. 4 |
Using TDST Levels to Determine the Underlying Trend Bias | p. 5 |
TD Sequential vs. More Conventional Momentum Indicators | p. 6 |
TD Setup Scenario I: Consolidation/Reversal | p. 6 |
TD Setup Scenario II: Confirmed Trend Extension | p. 8 |
TD Buy Setup "Perfection" | p. 9 |
TD Buy Setup "Perfection" | p. 11 |
Trading a TD Buy Setup | p. 12 |
Perl's Rules for Trading TD Buy Setups Objectively | p. 13 |
Risk Management: Calculating the TD Risk Level for Trading a TD Buy Setup | p. 14 |
TD Sell Setup "Perfection" | p. 14 |
Trading a TD Sell Setup | p. 14 |
Perl's Rules on When to Initiate a Short Position Following a Completed TD Sell Setup | p. 16 |
Risk Management: Calculating the TD Risk Level for a TD Sell Setup | p. 17 |
TD Setup vs. TD Sequential Countdown | p. 17 |
To Initiate TD Buy Countdown | p. 17 |
To Complete a TD Buy Countdown | p. 19 |
TD Buy Countdown Cancellation | p. 21 |
Filters That Cancel a Developing TD Buy Countdown | p. 21 |
TD Buy Countdown Cancellation and Recycle Qualifiers | p. 21 |
TD Buy Countdown Cancellation Qualifier I | p. 21 |
TD Buy Countdown Cancellation Qualifier II (a TD Buy Setup Within a TD Buy Setup) | p. 22 |
TD Buy Countdown Recycle Qualifier | p. 22 |
An R Will Appear | p. 22 |
Entering a Long Position | p. 24 |
Two Ways to Enter a Long Position | p. 24 |
Alternative Strategy for Entering a Long Position | p. 25 |
Requirements for a TD Camouflage Buy | p. 25 |
Requirements for a TD Clop Buy Signal | p. 25 |
Requirements for a TD Clopwin Buy Signal | p. 26 |
Requirements for a TD Open Buy Signal | p. 26 |
Requirements for a TD Trap Buy Signal | p. 26 |
TD Buy Termination Count | p. 26 |
Risk Management: For a TD Buy Countdown | p. 26 |
Frequently Asked Questions | p. 28 |
Requirements for Validation of a TD Sequential 9-13-9 Buy Count | p. 29 |
Risk Management: For TD Sequential 9-13-9 | p. 31 |
TD Sell Countdown | p. 31 |
Requirement for a TD Sell Countdown | p. 31 |
To Complete a TD Sell Countdown | p. 31 |
TD Sell Countdown Cancellation | p. 34 |
Filters That Will Cancel a Developing TD Sell Countdown | p. 34 |
TD Sell Countdown Cancellation and Recycle Qualifiers | p. 34 |
TD Sell Countdown Cancellation Condition I | p. 34 |
TD Sell Countdown Cancellation Condition II (a TD Sell Setup Within a TD Sell Setup) | p. 35 |
TD Sell Countdown Recycle Qualifier | p. 35 |
Entering a Short Position Following a Completed Thirteen TD Sequential Sell Countdown | p. 35 |
Alternative Strategy for Entering a Short Position | p. 36 |
TD Camouflage Sell Signal Requirements | p. 37 |
TD Clop Sell Signal Requirements | p. 38 |
TD Clopwin Sell Signal Requirements | p. 38 |
TD Open Sell Signal Requirements | p. 38 |
TD Trap Sell Signal Requirements | p. 38 |
TD Sell Termination Count | p. 38 |
Risk Management: For a TD Sell Countdown | p. 39 |
Frequently Asked Questions | p. 39 |
Requirements for Validating a TD Sequential 9-13-9 Sell Count | p. 41 |
Risk Management: For a TD Sequential 9-13-9 Sell Count | p. 41 |
Combining Time Frames for Additional Confidence | p. 43 |
Frequently Asked Questions about TD Sequential | p. 46 |
Risk Management for TD Sequential | p. 49 |
TD Sequential: Recommended Settings | p. 57 |
TD Aggressive Sequential | p. 58 |
TD Aggressive Sequential | p. 58 |
TD Combo | p. 59 |
TD Combo Buy Setup | p. 59 |
Requirements for a TD Combo Buy Setup | p. 60 |
Differences in Buy Countdown: TD Combo vs. TD Sequential | p. 60 |
TD Combo Buy Countdown | p. 60 |
Requirements for a TD Combo Buy Countdown Version I (Strict Version) | p. 60 |
Requirements for a TD Combo Buy Countdown Version II (Less-Strict Version) | p. 61 |
To Enter a Long Position | p. 62 |
Risk Management: For Entering a TD Combo Buy Countdown Long Position | p. 62 |
Requirements for a TD Combo Sell Setup Version I | p. 62 |
Differences in Sell Countdown: TD Combo vs. TD Sequential | p. 63 |
Requirements for a TD Combo Sell Countdown Version I (More Strict) | p. 64 |
Requirements for a TD Combo Sell Countdown Version II (Less Strict) | p. 65 |
Risk Management: Calculating the Risk Level of a Short Position Following a TD Combo Sell Countdown | p. 65 |
TD Combo Version I: Recommended Settings | p. 66 |
TD D-Wave | p. 69 |
The Underlying Elliott Wave Principle | p. 70 |
Elliott Wave Basics | p. 71 |
DeMark's Mechanized Version of Elliott Wave | p. 73 |
The Time Aspect of the TD D-Wave Requirements | p. 74 |
TD D-Wave Requirements for Wave 1 | p. 74 |
TD D-Wave Requirements for Wave 2 | p. 74 |
TD D-Wave Requirements for Wave 3 | p. 74 |
TD D-Wave Requirements for Wave 4 | p. 75 |
TD D-Wave Requirements for Wave 5 | p. 75 |
TD D-Wave Requirements for Wave A | p. 75 |
TD D-Wave Requirements for Wave B | p. 76 |
TD D-Wave Requirements for Wave C | p. 76 |
Additional Qualifying Rules for the Application of the TD D-Wave Indicators for an Uptrend | p. 76 |
Additional Qualifiers for the Application of the TD D-Wave Indicators for a Downtrend | p. 77 |
Calculating TD D-Wave Projections | p. 78 |
Bull Market Price Projections | p. 78 |
The Ultimate Targets for TD D-Waves 5 and C | p. 80 |
Upside Target for TD D-Wave 5 | p. 80 |
Downside Target for Downside TD D-Wave C | p. 80 |
Bear Market Price Projections | p. 80 |
Using Closing Prices for Price Projections | p. 82 |
TD D-Wave 2: Shallow vs. Deep | p. 82 |
To Calculate the Objective for TD D-Wave 5 | p. 82 |
To Calculate TD D-Wave C | p. 82 |
To Determine the Eventual Downside Objective for TD D-Wave 5 | p. 83 |
To Determine the Upside Objective for TD D-Wave C | p. 83 |
TD D-Wave Frequently Asked Questions | p. 83 |
The Relative Strength Index | p. 83 |
TD D-Wave: Recommended Settings | p. 89 |
TD Lines | p. 91 |
The Three TD Demand Line Qualifiers | p. 94 |
TD Demand Line Qualifier Condition One | p. 94 |
TD Demand Line Qualifier Condition Two | p. 95 |
TD Demand Line Qualifier Condition Three | p. 96 |
Calculating the Objective for a TD Demand Line Break | p. 96 |
To Determine the Objective for a Qualified Downside Violation | p. 96 |
Exiting a Short Position Using TD Demand Line | p. 97 |
TD Supply Line Qualifiers | p. 97 |
Initiation of a Fresh Long Position Qualifier One | p. 98 |
Initiation of a Fresh Long Position Qualifier Two | p. 99 |
Initiation of a Fresh Long Position Qualifier Three | p. 100 |
Calculating the Objective for a TD Supply Line Break | p. 100 |
TD Supply Line and Exiting a Long Position | p. 100 |
TD Lines: Recommended Settings | p. 101 |
TD Retracements | p. 103 |
Determining References for Projecting TD Relative Retracements | p. 103 |
Three Conditions for Validating a TD Relative Retracement Level: Only One Needs To Be Satisfied for a Qualified Break | p. 106 |
Conditions That Invalidate an Upside Break of a TD Relative Retracement Level | p. 107 |
Conditions That Qualify a Downside Break of a TD Relative Retracement Level | p. 107 |
To Exit a Short Position After a Qualified Downside Break of a TD Relative Retracement Level | p. 108 |
TD Relative Retracement: Recommended Settings | p. 108 |
More Retracement Scenarios Upside Violations | p. 109 |
Retracement Scenarios Downside Violations | p. 109 |
Another Reversal/Consolidation Pattern | p. 109 |
TD Absolute Retracement | p. 110 |
Recommended Settings for TD Absolute Retracement | p. 110 |
Constructing the TD Retracement Arc for Upside Retracements | p. 111 |
Constructing the TD Retracement Arc for Downside Retracements | p. 112 |
TD Trend Factor and TD Propulsion | p. 115 |
TD Trend Factor | p. 115 |
To Determine a Top from Which to Calculate | p. 116 |
To Determine a Bottom from Which to Calculate | p. 118 |
Frequently Asked Questions | p. 120 |
TD Trend Factor - Recommended Settings | p. 121 |
TD Propulsion | p. 121 |
Defining the Initial Thrust Level for an Advance | p. 122 |
Defining the Initial Thrust Level for a Decline | p. 122 |
TD Propulsion: Recommended Settings | p. 123 |
TD Oscillators | p. 125 |
TD Range Expansion Index (TD REI) | p. 125 |
In Case You Need Prompting on the RSI ... | p. 125 |
TD REI Formula | p. 128 |
To Establish a Value for the TD REI | p. 129 |
Using the TD REI to Identify Prospective Reversals | p. 129 |
Using the TD POQ to Filter TD REI Signals Further | p. 130 |
For the Mathematicians | p. 130 |
TD REI: Recommended Settings | p. 132 |
TD DeMarker I and TD DeMarker II | p. 133 |
TD DeMarker I | p. 133 |
Other Conditions That Must Be Satisfied for a Prospective Buy | p. 134 |
Other Conditions That Must Be Satisfied for a Prospective Sell | p. 135 |
TD DeMarker I: Recommended Settings | p. 135 |
TD DeMarker II | p. 136 |
TD DeMarker II: Recommended Settings | p. 137 |
TD Pressure | p. 137 |
The OBV Indicator | p. 137 |
TD Pressure: Recommended Settings | p. 139 |
TD Rate of Change (TD ROC) | p. 140 |
To Determine the TD ROC | p. 140 |
TD ROC: Recommended Settings | p. 140 |
TD Alignment | p. 141 |
TD Alignment | p. 141 |
To Produce the Composite TD Alignment Indicator | p. 142 |
TD Alignment: Recommended Settings | p. 142 |
TD Moving Averages | p. 145 |
To Identify a Prospective Bullish Trend | p. 146 |
Plotting a Bullish TD Moving Average I | p. 146 |
To Identify a Prospective Bearish Trend | p. 146 |
Plotting a Bearish TD Moving Average I | p. 147 |
TD Moving Average I: Recommended Settings | p. 149 |
TD Range Projection, TD Range Expansion Breakout, and TD Channels | p. 153 |
TD Range Projection | p. 153 |
The Three Possible Scenarios and How to Calculate Them | p. 154 |
TD Range Expansion Breakout (TD REBO) | p. 157 |
To Apply TD REBO to Daily Price Bars and Use the Current Price Bar's Open as the Base | p. 158 |
TD Channels | p. 160 |
TD Channel I | p. 161 |
TD Channel II | p. 162 |
Short-Term Indicators: TD Differential, TD Reverse Differential, and TD Anti-Differential | p. 165 |
TD Differential | p. 165 |
Conditions Necessary to Produce a TD Differential Up Arrow | p. 165 |
Conditions Necessary to Produce a TD Differential Down Arrow | p. 166 |
TD Reverse Differential | p. 167 |
Conditions Necessary to Produce a TD Reverse Differential Down Arrow | p. 167 |
Conditions Necessary to Produce a TD Reverse Differential Up Arrow | p. 169 |
TD Anti-Differential Up Arrow | p. 169 |
Conditions Necessary to Generate a TD Anti-Differential Up Arrow | p. 170 |
TD Anti-Differential Down Arrow | p. 170 |
Conditions Necessary to Generate a TD Anti-Differential Down Arrow | p. 170 |
TD Waldo Patterns | p. 171 |
TD Waldo Pattern Two | p. 171 |
TD Waldo Pattern Three | p. 172 |
TD Waldo Pattern Four for a Prospective Bottom | p. 172 |
TD Waldo Pattern Four for a Prospective Top | p. 173 |
TD Waldo Pattern Five for a Prospective Top | p. 173 |
TD Waldo Pattern Five for a Prospective Bottom | p. 173 |
TD Waldo Pattern Six for a Prospective Bottom | p. 173 |
TD Waldo Pattern Six for a Prospective Top | p. 174 |
TD Waldo Pattern Seven for a Prospective Short-Term Reversal | p. 174 |
TD Waldo Pattern Eight | p. 174 |
Putting It All Together | p. 175 |
The UBS FX Risk Index Components | p. 179 |
Learning the DeMark Indicators | p. 181 |
Using TD Cursor Commentary | p. 182 |
TDRS [left angle bracket]GO[right angle bracket] | p. 183 |
Index | p. 187 |
Table of Contents provided by Ingram. All Rights Reserved. |
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