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Does this simple system by Richard Donchian really work?

  • #41
  • Dec 21, 2011 2:44am Dec 21, 2011 2:44am
Quoting Hugh Briss
If you've got a working system then go for it but it's not my understanding of the original rules as posted on the first page.

Donchian channel trading is a kind of volatility breakout system whereas you are trading a s/r strategy.

Maybe someone will correct me and I have it wrong but here is a chart with my understanding of a donchian channel breakout...

The previous 4 weeks high/low is marked and the candle that follows is the breakout candle. This is my understanding of the original Donchian channel rules but like I said, if what...

Hi Hugh Briss,

Thank you for your advice and comments that you provide for me. Maybe I'll try to better understand and study it again, but overall, this is what I am working on at the moment, this way I just need a bit of time in a week to decide which way to turn a profit for me in the currency market at the moment, once again thank you and successful for you also

Cheers
  • #42
  • Dec 21, 2011 7:51am Dec 21, 2011 7:51am
I do not understand the post 37 ... Your use fibo to get in? the 5 sma close?...

thanks
  • #43
  • Dec 21, 2011 8:01am Dec 21, 2011 8:01am
Quoting porfirio
I do not understand the post 37 ... Your use fibo to get in? the 5 sma close?...

thanks
Hi porfiro,

i'm not entry using the fibo, i'm using the fibo to calculation of the time cycle period inside of the rule of 4week from rd,...... some times we need to see of the time period and cycle to get the right entry point, sl and ur target ...

cheers
  • #44
  • Dec 21, 2011 3:38pm Dec 21, 2011 3:38pm
hi mrhb

usd-chf....I see so ...

cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4w.....h4 u-f.gif Size: 28 KB
Click to Enlarge Name: 4w.....h4 u-f.-.gif Size: 40 KB
  • #45
  • Dec 21, 2011 9:41pm Dec 21, 2011 9:41pm
Quoting porfirio
hi mrhb

usd-chf....I see so ...

cheers
hi porfirio

here is my updated of the chart usdchf

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf2.gif Size: 17 KB
  • #46
  • Dec 21, 2011 10:48pm Dec 21, 2011 10:48pm
Quoting porfirio
hi mrhb

usd-chf....I see so ...

cheers
hi porfirio,


Just shared opinion with you.... what is your view this currency of GBPUSD and AUDUSD ???
my view of this is - GBPUSD i will waiting for sell entry, PA failure to exceeds the high 4PWH, AUDUSD also look like failure to exceeds 5PWL and pull back to the 4pwh.

here the chart

cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 32 KB
Click to Enlarge Name: gbpusd.gif Size: 27 KB
  • #47
  • Dec 22, 2011 7:54am Dec 22, 2011 7:54am
hi friend

simply looking at the candle d1 (pin) is to go down (but that would be another strategy)

according to your strategy, what happened last was a sell (for more or less a month)
  • #48
  • Dec 28, 2011 5:12pm Dec 28, 2011 5:12pm
Quoting mrhb30jr
hi porfirio,


Just shared opinion with you.... what is your view this currency of GBPUSD and AUDUSD ???
my view of this is - GBPUSD i will waiting for sell entry, PA failure to exceeds the high 4PWH, AUDUSD also look like failure to exceeds 5PWL and pull back to the 4pwh.

here the chart

cheers

i have complete of my trading technique base on the rd rule
just updated of GU...... weekly to 30M ...

thanks all,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 21 KB
Click to Enlarge Name: gu1d.gif Size: 24 KB
Click to Enlarge Name: gu1d240.gif Size: 23 KB
Click to Enlarge Name: gu1d60m.gif Size: 22 KB
Click to Enlarge Name: gu1d30m.gif Size: 18 KB
  • #49
  • Dec 28, 2011 6:29pm Dec 28, 2011 6:29pm
now here sample of thread, my trading technique, .....
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  • #50
  • Dec 29, 2011 7:51am Dec 29, 2011 7:51am
hi friend

why buy in e-u???I donīt understand

thanks
Attached Image (click to enlarge)
Click to Enlarge Name: e-u w-h4.gif Size: 39 KB
  • #51
  • Dec 30, 2011 12:23pm Dec 30, 2011 12:23pm
Quoting porfirio
hi friend

why buy in e-u???I donīt understand

thanks
hi porfiro,

1st 2wk new low.....
2nd. just check the chart ... gu and eu

cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 13 KB
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  • #52
  • Dec 30, 2011 12:28pm Dec 30, 2011 12:28pm
eu chart
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  • #53
  • Jan 2, 2012 12:12am Jan 2, 2012 12:12am
Sell audusd
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: aud1.gif Size: 25 KB
Click to Enlarge Name: aud2.gif Size: 21 KB
  • #54
  • Jan 2, 2012 12:16am Jan 2, 2012 12:16am
entry from end of last week.....
Attached Image (click to enlarge)
Click to Enlarge Name: aud3.gif Size: 20 KB
  • #55
  • Jan 2, 2012 2:11am Jan 2, 2012 2:11am
Hi mrhb30jr,

Thanks for your share. I don't want to ruin your thread but I want to clarify about your "Donchian" rules. I'm affraid your interpretation can mislead people from original Donchian rules.

What Donchian said about 4 weeks is ALL 4 weeks before this week, not the 4th week before this week.

Please take a look to chart bellow. This is trading plan for this week according to original Donchian rules.

http://img3.imageshack.us/img3/6590/...20102at239.png



If your "Donchian" trading system works, just go on, perhaps that method suit for you, but please re-read Donchian original rules.

I've been trading this simple method since middle 2009 and what I can say that this system works.

Best regards,

-I-
  • #56
  • Jan 2, 2012 3:00am Jan 2, 2012 3:00am
Quoting Incognito
Hi mrhb30jr,

Thanks for your share. I don't want to ruin your thread but I want to clarify about your "Donchian" rules. I'm affraid your interpretation can mislead people from original Donchian rules.

What Donchian said about 4 weeks is ALL 4 weeks before this week, not the 4th week before this week.

Please take a look to chart bellow. This is trading plan for this week according to original Donchian rules.

http://img3.imageshack.us/img3/6590/...20102at239.png



If...
thank you bro.... to be close this thread .........
  • #57
  • Jan 2, 2012 5:48am Jan 2, 2012 5:48am
No need to close this thread. We can make this thread to discuss and post all about trading regarding to Donchian rules. You could edit your #1 post and write down the original Donchian rules. It would be better rather than close this thread. We can still learn and share our experience regarding to Donchian Rules

Regards,

-I-
  • #58
  • Jan 2, 2012 7:13am Jan 2, 2012 7:13am
Quoting Incognito
No need to close this thread. We can make this thread to discuss and post all about trading regarding to Donchian rules. You could edit your #1 post and write down the original Donchian rules. It would be better rather than close this thread. We can still learn and share our experience regarding to Donchian Rules

Regards,

-I-
hi friend,
if u think post no 1 is the wrong rule frm RD and need to be corrected, would u plz corrected me what is the correct rules of RD no 1 and no 2.....

cheers
  • #59
  • Jan 2, 2012 7:25am Jan 2, 2012 7:25am
I did mention on Dec 20th that the rules being followed are not correct.

No need to close the thread, I believe the rules in post 1 are actually correct it's just their interpretation that's wrong and the poster 2 or so up is correct with his interpretation.
  • #60
  • Jan 2, 2012 8:22am Jan 2, 2012 8:22am
Quoting Hugh Briss
I did mention on Dec 20th that the rules being followed are not correct.

No need to close the thread, I believe the rules in post 1 are actually correct it's just their interpretation that's wrong and the poster 2 or so up is correct with his interpretation.
Hi HB, i know u are more experience then me, the conclusion that I can be of two rules of RD is the point of reversal of direction, my point is the reversal before break out that all, ....that why is better to close this thread ones again thanks you for u all

cheers
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