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RT
Regarding Donchian channels, the best entries are when a pullback bounces
from the opposite channel line (lower line in uptrend) or on bounce from
double bottom/top channel line.
Jan Philipp
----- Original Message -----
From: "Jim Johnson" <jejohn@xxxxxxxxxxxxxxxx>
To: "Bryant" <bulldog483@xxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, April 09, 2002 11:09 AM
Subject: Re[2]: [RT] Donchian Bounce
> Hello Bryant,
>
> Gene can explain what it is. To me it looks like its similar to the
> Turtle Soup trades in StreetSmarts by Larry Connors.
>
> --
> Best regards,
> Jim Johnson mailto:jejohn@xxxxxxxxxxxxxxxx
>
> Tuesday, April 09, 2002, 12:07:47 PM, you wrote:
>
> B> Never heard of that pattern , I have read everything I could find on
Donchian. Was this part of his description of the channels? Could you
briefly describe the set-up. Looks like it is the
> B> automatic rally off the decline.
> B> Thanks
> B> BT
> B> ----- Original Message -----
> B> From: Gene Pope
> B> To: realtraders@xxxxxxxxxxxxxxx
> B> Sent: Monday, April 08, 2002 10:13 PM
> B> Subject: [RT] Donchian Bounce
>
>
> B> Once again, on 120 min COMPX, we have a strong Donchian bounce
pattern... target once again is the midline, or opposite channel... green
previous high is upward resistance. On balance volume
> B> (green) did not dip as low as price action.
>
> B> Best regards,
>
> B> Gene Pope
>
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