OK thanks guys, I believe I understand.
When I have some more, I will post it .
JH
OK thanks guys, I believe I understand.
When I have some more, I will post it .
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.Originally Posted by ;
I've only studied these traces in concept so that I may be biased in my comments.
Feel free to post more that you've got. We all can learn together.Originally Posted by ;
Depending on the amount of bars draw ur trendline. . .the smaller the amt the less significant the breakout.
Can TD lines be backtested or are they discretionary?
You will have rather substantial succes rates using trendlines like To Move Long and Long To Move Short - two.Originally Posted by ;
Bigger the length and difference between the things which produce the trendline the better!
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.Originally Posted by ;
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.Originally Posted by ;
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.
I know this question has become a bit old but because no one has taken this up yet...Originally Posted by ;
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.
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.Originally Posted by ;