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    • Horace Kent replied Oct 5, 2006

      Hi Nipper, I think what FiboFan is saying is that if we confirm the breakout is false, we can fade the move in the opposite direction. I believe Demark says the same thing, both in his book, and in the article in the September 2006 issue of Currency ...

      trade the reject of Sup/dem line
    • Horace Kent replied Oct 4, 2006

      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: ...

      Trendlines
    • Horace Kent replied Oct 4, 2006

      I used the same strategy on the EURJPY this morning. It DID break the low of the breakout candle, so I took that short. It went as high as +12, and is right now -13, so we will see what happens. See the EURJPY thread for the chart. HK

      Mouteki Trading