How to play,
Buy on a white candle bounce off of lower Donchian(4), sell on upper band touch.
May take up to 5 tries or so but many move after first setup, so therefore I’ll enter 50% then exit if the following day results in a red candle near low of previous day. I’ll wait for setup again slowly increasing my percentage each time. 70 -100%
Often I will stay in the trend based on another filter I use.
This is my 2nd favorite strategy just used to subsidize my main system which I keep to myself.
Well, I’m not convinced that’s the case, if I found a gold mine I’m not gonna invite 10,000 people to come share it with me, besides I’ve passed this knowledge onto my son and he’s using it to run a discord with 2300 members at 10 bucks a pop. It’s a nice system to jump in on when the set up takes place and I am very stingy so just appreciate it for what it is.
I’ll just share this, of all the indicators I’ve fallen in love with Donchian Bands, in conjunction with Bollinger and occasional acceleration bands. I seek to reduce positions at certain key levels and then possibly increase positions again as long as the trend continues with the intent to minimize drawdown.
And all this is done as long as we are in a bull trend, for which I use a set of indicators. I have different rules in a bear environment.
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