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Re. Donchian Channel Useage
21 Lens Offset 0
Generally sell the roof and buy the floor.I watch a long time before
entry to confirm my suspicion.Today for example I averaged down 3
times and pulled out with $2K, not pretty floor /ceiling judgment,but
effective:then 2 quick hits for $500,better judgment.
I am certainly not bragging about these trades since I would not
recommend it to everyone.
I am an amateur and only traded with it the last 3 days and am up
$4800 over that time.Of course I can give it back but with my stops I
will not give it all up.
I definitely will not go back to EMA crossover with confirmation
because choppy markets tend to hurt me and I guess I will learn more
about Donchian Channels as I go.
It may have been around a long time as I do recall reading about the
Turtles using it in my search.Ball point pens have been around a long
time too and people use them also.
Sincerely,
John
------------------ Reply Separator --------------------
Originally From: mmclaug323@xxxxxxx
Subject: Re: [RT] Trading Methodologies
Date: 10/09/2000 04:49pm
In a message dated 10/09/2000 4:12:33 PM Eastern Daylight Time,
jvc689@xxxxxxx writes:
<<
I wait for a cross and confirmed with Price Oscillater.Actually I
find Donchian Channels better.
John >>
Hi John, can you tell us how you use the Donchian Channels? Also
are you
using the setting of 20 for 1 min charts? Thanks In Advance, Mike
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