Donchian Channels are formed by H(upper) and L(lower price bars over x bars on chart. Look up turtle traders from GS in the past. There should be a centerline average, however some software only plots H/L brackets. One way to get your centerline is 1. write the code or 2. use Ichimoku study Tenkan-Sen or Kijun-Sen set to the same periods as the donchian channel. I have had success in ES with 7-21 cross only long> 34 ema or short<34 ema. 50 sma can be substituted. scale when top or bottom H?L channel is hit then keep runners. I would use an oscillator in conjuction, like stoch 14,3. I actualy like this set-up gl Hope it helps
The following 3 users say Thank You to cber68 for this post:
I am with simon futuresfx room and i should say its one of the topnotch rooms in the industry. its not exactly a trade calling room, but more a mentoring session where simon displays his trading screen and takes trades in front of his students. If u have been to his webinar, he shows you videos of how he trades in front of others. Prior to meeting simon, I was with a mentor who did around 93% but he NEVER showed his trading screen. Simon does not venture into showing trading logs and u dont see his win rate, but he shows all the trades he does. Unless there are tradingrooms with such transparency, I would believe any1 claiming a high win rate yet fails to show his trading screens.
Also, imagine the opportunity cost of trading in front of his students. I am sure simon can make much mo money trading his account rather than fielding questions for students paying a mere 30$ for a monthly subscription to the room.
I give him and his method 5 starts
The following 2 users say Thank You to nqcruiser for this post:
No one of them shows you his or her trading screen, with the order entry, and shows exits. Simon, on the other hand, does show each and every trade he takes in the room. the room, really, is a mentoring forum, showing how he takes trades with the method he teaches. surely, his very presence and sharing with students takes away from his own trading, as he misses opportunities while helping students. he has a larger account that he trades in the euro session or us session outside class. however, his daily class is there to show students how he reach his goal of 500$ a day, which he exceeds on many occasions.
i give him 5 stars. Simon, of course records his sessions and encourage students to record their own trading, so that they can go back and check what went right and what went wrong.
plus prospective students are allowed to visit the room and see the action. he has a special method with the delta, particularly the bid and ask,which u wont see on this forum or other forums.but the delta is an adjunct to his method and plays second fiddle.
Nice of you to share your information. A general question on average how many points per day have you made from his trade calls in the room? Does he give enough notice so that you can enter/exit the trade at the sames time he does?