Trendlines
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Thread: Trendlines

  1. #1
    I have a query about drawing trendlines. Hopefully someone can help me out with these.

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

    thanks.

  2. #2
    Hi vder,

    Trendlines can undergo candles. That in itself means nothing. Trendlines have to be drawn according to Demark level 2 rules. For a very clear description of how the trendlines must be drawn, and powerpoint illuions, look here:

    https://www.nigeriaforextrading.com/...art-trade.html

    Hope this helps.

    Finest,
    HK

    PS: I like the quote in your signature!
    Quote Originally Posted by ;
    I've a question about drawing trendlines utilizing this system. Hopefully someone can help me out with them.

    Can you draw trendlines to several levels of support or resistance that undergo candles? Imagine if a candle is gone through by the trendlines. . .what does this mean?

    thanks.

  3. #3
    Hey horace! Thanks for the kind words as well as the aid. My signature I believe exemplifies my beliefs in this world. Do onto other as you'd like done onto you .

    I've taken a course in forex and basically according to their own system, you should not draw candles for trendlines. I've downloaded and read the record and I don't see anything regarding demark lvl 2 rules. When I viewed the illuions in the powerpoint, none of those trendlines he drew went through candles.

    By way of instance, in a competitive uptrend, the degree of service are high above every other and I would need to draw trendlines through many candles to attach them. The illuions included with the mouteki files don't show this situation which is the reason why I was interested about it.

    I've downloaded several mouteki films as well and have seen some lines through candles, but that wasn't achieved by mouteki. I truly need some clarifion on this.

    Thanks horace!! Take it simple .

  4. #4
    Quote Originally Posted by ;
    Hey horace! Thank you for the kind words as well as the aid. My signature I think exemplifies my beliefs on the planet. Do on other as you would like done on you .

    I have taken a course in forex and basically according to their own system, you should not draw through candles to get trendlines. I have downloaded and read the record and I don't see anything regarding demark lvl 2 rules. As soon as I seen the illuions in the powerpoint, not one of the trendlines he brought went via candles.

    By way of example, in an aggressive uptrend, the degree of support are high over every other and that I would need to draw trendlines through several candles to connect them. The illuions included with the mouteki documents do not show this scenario that's the reason why I had been curious about it.

    I have downloaded a few mouteki films as well and have seen some traces through candles, but this wasn't done by mouteki. I really need some clarifion on this.

    Thanks horace!! Take it easy .
    Unless you notice strong signs of reversal, it might be sensible to steer clear of extreme trendlines from aggressive tendencies in the first place...

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