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Catching Big Waves - a trader's journal of surfing the the markets


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Catching Big Waves - a trader's journal of surfing the the markets

  #1281 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
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[img]https://nexusfi.com/v/43rf7v.jpg[/img]

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  #1282 (permalink)
 Ralph07 
London UK
 
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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

  #1283 (permalink)
 
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 GaryD 
Orlando, Florida
 
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Platform: shoes
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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.

Started this thread
  #1284 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
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Posts: 6,462 since May 2011


rdaune View Post
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.

Started this thread
  #1285 (permalink)
 Ralph07 
London UK
 
Experience: Advanced
Platform: NinjaTrader, TT
Broker: Mirus
Trading: CL, Dax, ES, Eurostoxx50
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Thanks Received: 46


GaryD View Post
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

  #1286 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

[img]https://nexusfi.com/v/gfbvba.jpg[/img]

Started this thread
  #1287 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
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Posts: 6,462 since May 2011

target hit

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  #1288 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
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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]

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  #1289 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


rdaune View Post
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

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  #1290 (permalink)
 
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 GaryD 
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.

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Last Updated on May 23, 2014


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