Showing posts with label Donchian channels. Show all posts
Showing posts with label Donchian channels. Show all posts

Thursday, April 17, 2014

Could you trade like this?

Supposed you were presented with a chart that looks like those shown below. Could you trade off of it?

To a trend follower, the answer would be yes. The price channels clearly show any entry and exit levels, as well as the direction of the trend.