{quote} Perhaps you have not read the entire thread nor looked at the attachments. The spirit of this thread is sharing - knowledge, indicators, templates, etc... unless sharing would violate a copyright or agreement. WHEN IN ROME...
Fair enough. However, the same problem persists on these threads and sites regardless of topic or subject -
The following is both abstract AND construct and is applicable in all situations and is more important than any topic or subject ......
It is both specific AND ambiguous and is present in everything we do. I have used this via several interpretations over the years and it has never let me down. It is part of the reason why I say the things I do and why it is counterproductive to just 'serve someone up with all the answers'.
A person learns with a good foundation. I shared the Donchian channel approach only in the interest of furthering people's means to learn. I don't baby people because we (the world of people) are where we are now, because of babying people.
It's indicator is freely available and MA's are also free.
Admittedly, if a person has no knowledge of the basics of a chart or a market and its movements, then one needs to step back and observe for as long as it takes to see the value in their own observations. And the gradual effects of those observations will show small to large details that you simply will never get from any social trading website or any other site really. Personal observations are priceless and are individualistic in origin.
If my presence here is seen as 'putting a spanner in the works' then that at least is a good start. However my input is never set on any one person as that would be counterproductive and therefore create greater problems. Simply to show that one's personal standards are what stops or allows a person to grow out of what others will not/cannot.
The only real true to life way a person can fully value this thread's strategy is to enjoy learning about what is under the hood. And a simple and good way is to look at other graphs of topics or subjects that have nothing to do with trading or a price chart. Why? ANYTHING on ANY graph is merely the representation of what was premeditated to be there. PERIOD. This is why this thread's great yet simple strategy can be so much fun to trade with. But what IF ..... something in the world changed and this strategy stopped working? No fearmongering here, just a simple and realistic question that most people are afraid to ask usually out of fear of the answer.
Before Donchians we used lines and hand drawn waves of expected return or outcome.
So the indicator is only showing what you want it to.
Indeed I do love this strategy for its simplicity but humility is needed if you want consistency and longevity in the real world.
I hope that helps.
Peter
Real Trading is not gambling.
