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Disliked{quote} Hello spyderman Any reason for not taking the break of daily DC at 0.7047? 2 steps above the level you entered. Also is the DC on your 4hr chart a 120 period serving as daily?Ignored
DislikedThings progressing well spyderman, still plenty of green How are you finding the emotional swings as the overall portfolio ebbs and flows with the significant number of live positions open. I'm especially interested in the addons trades and how you find these? What has been your biggest struggle (if any) in this area of managing your feelings and the urge sometimes to bend the rules. Keep up the good work and have a great weekendIgnored
DislikedI am following this thread with great interest. I do not want to diminish the efforts, and it is difficult to disagree with the result: It looks lake a low-risk, low-maintenance and high gain method, which is a goal outlined in the first post. With all this being said, I am sorry, I just do not see an edge here. OK, Donchian channel prevents stupid entries, as the buy and sell "hemispheres" are well defined and distinct. Still, there is little evidence that the long-period Donchian channel breakout implies a long trend. (Obviously vice versa is...Ignored
Disliked{quote} K...appreciate your thoughts. I believe that the trend is the edge as you put it. I certainly claim no special edge in the entries, stops, etc. etc. I do know that the parameters I've set up with the help of others here, would have traded recent trades (most notably the E/U template) very profitably. I don't feel that's an aberration, I'm confident it will happen again...repeatedly I do think the MM we're employing is an edge of sorts but that same edge could be applied to any trading system. I read a good book by Covel on Trend Following...Ignored
DislikedHow do you get: Break of the 20 period Donchian Channel on the Weekly chart So if the weekly is going up and hits the 20 period line at the top channel, it is the start of the trend? Meaning it will continue to go up? So according to the picture when it breaks the 20, it should continue up. Just trying to see the correct setup. Thanks mate!!!! {image}Ignored
Disliked{quote} That's the idea, yes. Basically the Donchian channel is just the high or low for the last (n) periods. So the idea is price has just reached a new high for the last 20 weeks. That may well signify long term momentum in that direction... Then again...it may not.Ignored
DislikedNew 2nd entry addon position added to E/A. Reduced risk amount by what was lost on the partial lost on the previous 2nd entry addon that closed. {image}Ignored
DislikedHow to trail? For the first initial entry set, then when to set it to BE?How about the add-on dialy-entry/H4-aggressive-entry?Ignored
DislikedDoes it mean there would be always just one position in risk? For initial entry, it would be the .25%~2% range For add-on entry, it would be count as the 50% profit already locked in.?Ignored
DislikedI am following this thread with great interest. I do not want to diminish the efforts, and it is difficult to disagree with the result: It looks lake a low-risk, low-maintenance and high gain method, which is a goal outlined in the first post. With all this being said, I am sorry, I just do not see an edge here. OK, Donchian channel prevents stupid entries, as the buy and sell "hemispheres" are well defined and distinct. Still, there is little evidence that the long-period Donchian channel breakout implies a long trend. (Obviously vice versa is...Ignored
Disliked{quote} Valid points kprsa but I think timeframe does matter in relation to the use of simple breakout techniques such as the Donchian. What I have gleaned from trend following or indeed any simpler momentum strategy is that the edge associated with the technique lies in the ability to have a sustained price movement with general market consensus. Given the plethora of different market participants and styles of trading/investing, the only time we get a consistent consensus in price movement inevitably relates to when we have market divergence....Ignored