Hey opie999,
I understand how you drew the support line in your first chart but not the other charts. . I thought that Mouteki says that true points of support are only those which low has two candles to the left of it and two candles to the right of it which lows do not exceed the low you are using.
Quote:
Originally Posted by opie999
I've been testing Mouteki almost exclusively for over a month or so now.
These are my last three trades. Three good demo trades using strict Mouteki entry signals and nothing more. Could have been a fourth if I'd used any sense. Entries in drk blue; exits in gold.
Exits determined by pure guesswork. Not good practice I know but I'm happy with the results nonetheless. Next time I'll have the exits calculated as per Mouteki and see if that gains me any extra pippage.
http://i175.photobucket.com/albums/w.../Mouteki_1.png |