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February 2nd, 2012, 01:58 PM
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
February 2nd, 2012, 02:00 PM
London UK
Experience: Advanced
Platform: NinjaTrader, TT
Broker: Mirus
Trading: CL, Dax, ES, Eurostoxx50
Posts: 121 since Oct 2010
Thanks Given: 23
Thanks Received: 46
Hi Gary,
First of aall, thank you for this thread...
When you have time, could you please explain how you use the donkian channels? Which one do you consider for an entry, the 15, 34 or 55? Or the cross of 2 of them?
Thanks a lot.
Raphael
February 2nd, 2012, 02:01 PM
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
Closed +21. May reenter but was more intersted in getting back the earlier loss. ES looks weird to me.
February 2nd, 2012, 02:07 PM
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
rdaune
Hi Gary,
First of aall, thank you for this thread...
When you have time, could you please explain how you use the donkian channels? Which one do you consider for an entry, the 15, 34 or 55? Or the cross of 2 of them?
Thanks a lot.
Raphael
I use them in a few ways.
The cross of one end over the other on the 15 and the 34 as a trend change, I use them for entry areas in the direction of the trend; the 15 for impulsin markets, the 55 for whipsaw market, the 34 as my favorite probably for a lot of conditions.
They are also visual references to key past areas when you look back over an extended chart period.
February 2nd, 2012, 02:19 PM
London UK
Experience: Advanced
Platform: NinjaTrader, TT
Broker: Mirus
Trading: CL, Dax, ES, Eurostoxx50
Posts: 121 since Oct 2010
Thanks Given: 23
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GaryD
I use them in a few ways.
The cross of one end over the other on the 15 and the 34 as a trend change, I use them for entry areas in the direction of the trend; the 15 for impulsin markets, the 55 for
whipsaw market, the 34 as my favorite probably for a lot of conditions.
They are also visual references to key past areas when you look back over an extended chart period.
OK thank you for your answer.
In this last case, did you use the lower band of the Donkian or the mean?
Thanks
February 2nd, 2012, 02:24 PM
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
February 2nd, 2012, 02:24 PM
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
target hit
February 2nd, 2012, 02:29 PM
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
Done.
Summary;
-13 long (divergence on 9, no trend cross)
+21 long (after trend cross)
+35 long (2pm short covering )
Net 43 ticks
The support area that held today is significant on a daily chart, and therefore could signal a major trend reversal to the upside in the days to come.
[img]https://nexusfi.com/v/j6rbtz.jpg[/img]
February 2nd, 2012, 02:32 PM
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
rdaune
OK thank you for your answer.
In this last case, did you use the lower band of the Donkian or the mean?
Thanks
I don't use the mean at all.
I believe a Donkian is one who rides a donkey, .
It is Donchian Channel, after a guy named Richard Donchian. Richard Donchian: The Father of Trend Following; Learn from Michael Covel
February 2nd, 2012, 02:52 PM
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
[img]https://nexusfi.com/v/83wu93.jpg[/img]
This I believe was posted earler, but the LSP support on the daily caught some attention at the close. That was also the 786 range .
Last Updated on May 23, 2014