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Trendlines

  • #1
  • First Post: Oct 4, 2006 1:05pm Oct 4, 2006 1:05pm
I have a question about drawing trendlines using this system. Hopefully someone can help me out with these.

Do you draw trendlines to various levels of support or resistance that go through candles? What if the trendlines do go through a candle...what does this mean?

thanks.
  • #2
  • Oct 4, 2006 1:14pm Oct 4, 2006 1:14pm
Hi vder,

Trendlines can go through candles. That in itself means nothing. Trendlines must be drawn as per Demark level 2 rules. For a clear description of how the trendlines are to be drawn, and powerpoint examples, look here:

http://www.forexfactory.com/forexfor...ead.php?t=8464

Hope this helps.

best,
HK

PS: I love the quote in your signature!
Quoting vder
I have a question about drawing trendlines using this system. Hopefully someone can help me out with these.

Do you draw trendlines to various levels of support or resistance that go through candles? What if the trendlines do go through a candle...what does this mean?

thanks.
  • #3
  • Oct 4, 2006 3:28pm Oct 4, 2006 3:28pm
Hey horace! thanks for the kind words and the help. My signature i believe exemplifies my beliefs in this world. Do onto other as you would like done onto you .

I have taken a course in forex and basically according to their system, you should not draw through candles for trendlines. I have downloaded and read the document and I do not see anything about demark lvl 2 rules. When I viewed the examples in the powerpoint, none of the trendlines he drew went through candles.

For example, in an aggressive uptrend, the levels of support are high above each other and I would have to draw trendlines through several candles to connect them. The examples included with the mouteki documents do not show this scenario which is why I was curious about it.

I have downloaded a few mouteki movies as well and have seen some lines through candles, but that was not done by mouteki. I really need some clarifcation on this.

thanks again horace!! take it easy .
  • #4
  • Oct 5, 2006 1:37am Oct 5, 2006 1:37am
Quoting vder
Hey horace! thanks for the kind words and the help. My signature i believe exemplifies my beliefs in this world. Do onto other as you would like done onto you .

I have taken a course in forex and basically according to their system, you should not draw through candles for trendlines. I have downloaded and read the document and I do not see anything about demark lvl 2 rules. When I viewed the examples in the powerpoint, none of the trendlines he drew went through candles.

For example, in an aggressive uptrend, the levels of support are high above each other and I would have to draw trendlines through several candles to connect them. The examples included with the mouteki documents do not show this scenario which is why I was curious about it.

I have downloaded a few mouteki movies as well and have seen some lines through candles, but that was not done by mouteki. I really need some clarifcation on this.

thanks again horace!! take it easy .
Unless you see strong signs of reversal, it might be wise to steer clear of steep trendlines from aggressive trends in the first place...
I am JuMPeR.
  • #5
  • Last Post: Mar 4, 2019 2:15pm Mar 4, 2019 2:15pm
Hi

Have not posted alot, Be sure to use trendlines as a tool with your Trading strategy, Not a strategy itself
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