Quoting raytracyDislikedAnother question is:
I have hear someone said: ["Trend line CANNOT cross any other candles between 1st/2nd point"]. I know it is right when I draw traditional trendline, but is it still true with Mouteki method? Although I have not found any example in document with cross candles, but I have also not hear any one confirm this concept. Anyone please confirm it: yes or no?
Thanks for you help!!
- Ray Tracy -Ignored
Me again. If you follow the rules you should only worry about qualified Lows (Support) and qualified Highs (Resistance). Bearing this in mind, as long as any subsequent bar doesn't create a new qualified Point # ignore it.
There will always be circumstances where price tries to test the trend-lines, and sometimes there may be a temporary breach, but this wouldn't invalidate a correctly drawn trend line according to this method.
This is one of the reasons I no longer use candles, they can give false signals due to their width. It's a personal preference, now, but I find I can read price action better with the cleaner screen that bars give me.
(It may be that Mouteki will give an alternative response to this answer, but until he corrects my comments absolutely then ignore the trend line crossing a subsequent bar).
Peter