Trendline Points Clarifiion - Page 2
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Thread: Trendline Points Clarifiion

  1. #11
    OK thanks guys, I believe I understand.

    When I have some more, I will post it .

    JH

  2. #12
    22tesaxya
    Guest
    Quote Originally Posted by ;
    okay, I know what you are saying but why couldn't I've done this?

    Http://www.lentrica.co.uk/images/fx/std/mouteki2.gif

    I mean, as there are many chances of connecting various points, there might be many trendlines which match the standards.

    The latest one might be a crappy one such as the one shown here whereas the one before that might be a good looking setup such as that in my previous article.

    Which do we use? It appears a little subjective as to which points are 1 and 2.

    JH
    I enjoy the next one for the only reason it's closer to the ideal hand side of this chart. Thats where the money is created.

    I've only studied these traces in concept so that I may be biased in my comments.

  3. #13
    22tesaxya
    Guest
    Quote Originally Posted by ;
    OK thanks guys, I think I understand.

    If I have any more, I'll post it here.

    JH
    Feel free to post more that you've got. We all can learn together.

  4. #14
    Rono.esSvesrwz
    Guest
    Depending on the amount of bars draw ur trendline. . .the smaller the amt the less significant the breakout.

  5. #15
    22tesaxya
    Guest
    Can TD lines be backtested or are they discretionary?

  6. #16
    sboesCid
    Guest
    Quote Originally Posted by ;
    I realize this system has been crushed to death but after studying hundreds of articles, I'm still trying to work out a few of the finer details.

    Rather than asking it here, I'm attaching a chart with teh question.

    Anybody who understands this system, I'd appreciate your help,

    JH

    http://www.lentrica.co.uk/images/fx/std/mouteki.gif

    Have I attracted them correctly?
    You will have rather substantial succes rates using trendlines like To Move Long and Long To Move Short - two.

    Bigger the length and difference between the things which produce the trendline the better!

  7. #17
    sboesCid
    Guest
    Quote Originally Posted by ;
    okay, I know everything you are saying but why couldn't I have done this?

    Http://www.lentrica.co.uk/images/fx/std/mouteki2.gif

    I mean, as there are lots of chances of linking a variety of points, there might be many trendlines which fit the criteria.

    The most recent one might be a crappy one such as the one shown here whereas the one earlier that might be an excellent looking setup such as that in my prior article.

    Which one do we use? It seems a little subjective about which points are 2 and 1.

    JH
    if you're using those 2 points, so close of each other, exchange on a reduce time-frame, 1h, even 30 minutes, to get better entries and succes rate.

  8. #18
    Quote Originally Posted by ;
    I realize this system was beaten to death but after studying countless articles, I'm still trying to figure out a few of the finer details.
    Instead of asking it here, I'm attaching a chart with teh question.
    Anyone who understands this system, I would appreciate your help,
    JH
    Have I attracted them correctly?
    Although I'm not using them at the present time, I discovered that this indi is very great, and there was a thread dedied to it.
    I will not post my version as there may have been an update, and I notice the thread is shut https://www.forexforum.co.za/general...ount-size.html but I'm sure if you browse through it PM lightkeeper he will advise on current state of play
    It chooses the ideal Highs and Lows, according to both Tom DeMark, and Mouteki, so can take the indecision from the equation for you.

  9. #19
    jsesntes2410
    Guest
    Quote Originally Posted by ;
    Can TD lines be backtested or are they discretionary?
    I know this question has become a bit old but because no one has taken this up yet...

    Yes, TD lines can be backtested.

    No, they are anything other than discretionary. Tom DeMark considers in trading mechanically and the systems - TD lines included - that he developed are all mechanical.

  10. #20
    esyCTknyTb
    Guest
    Quote Originally Posted by ;
    im very new in this mouteki. . However, I have successfully create a few pips. . My way is. . first. . I would check other indiors what's the tendency for time period H4 and D1. . Make sure both are same (means if uptrend. . Both reveals uptrend. . Vice versa - and - yes. . It takes quite a while ). .

    After that I will draw my mouteki lines to project the target. .

    Only my 2 pips. . Any comments?
    Exactly. Mouteki system if used alongwith other indior like SMA 9 and 18 for affirmation will be successful. Definetely it ill take time, if one uses 3 6 or 4 hour chart, but the results are favorable.

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