[SHARE] Mouteki-Demark_trend

[newbie111]

I just love the way that this indicator plots trend lines of support and resistance. It also signals breakouts. There was no manual with this system. Will some of the higher skilled traders here take a look at it and give us some better rules other than just trendline breakout.

http://www.4shared.com/file/51nZs0q-/Mouteki-Demark_trend_new.html

[Diesel 10]

I just love the way that this indicator plots trend lines of support and resistance. It also signals breakouts. There was no manual with this system. Will some of the higher skilled traders here take a look at it and give us some better rules other than just trendline breakout.

http://www.4shared.com/file/51nZs0q-/Mouteki-Demark_trend_new.html

 

Only trade with dominant trend. Buy at Support. Sell at Resistance. If breaks Support/Resistance and holds on a retest of the broken Support/Resistance, exit and consider reversing. Also pay attention whether the market is making higher highs/higher lows or lower highs/lower lows as that is indicative of a strong trend.

[newbie111]

Thank You Diesel10, I will start practicing this now. Edited November 22, 2010 by newbie111
Sentence Correction

[colbyboyd]

No need to put share in title bar, everything is shared on the forum my friend.