Quoting raytracyDislikedDear Everybody:
I have read the document and try to draw my line. But there is still confused with the 'second point' selection when make a trend line. Please refer to my attached chart, I have marked point 'A' as first point, but don't know which one will be correct second point between 'B' to 'G' mark?
Would someone please kindly help me to to figure out the correct point, and tell me WHY choice that one?
Another 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 said: yes or no?
Thanks for you help!!
- Ray Tracy -Ignored
Two points I noticed:
1 - You've missed out 4 possible points, I don't know if you just didn't label them all for clarity or if you missed them, but just in case you had, thought I'd point it out.
2 - For the Demand line (as opposed to the Supply line), the second point (to the left) must be LOWER than the first point, therefore F or G are suitable. PeterFM has made some good clear posts on this, both here and in the journals following mouteki - this post for example: http://www.forexfactory.com/forexfor...3&postcount=14
HTH,
-TPO.