V. 20:2 (34-36): Donchian Breakouts by David Penn
Product Description
Donchian Breakouts by David Penn
Buy strength and sell weakness with this simple yet effective breakout trading strategy.
There may be as many different forms of the Donchian breakout as there are moving average crossover or pattern recognition strategies. This is not without good reason. As the authors of The Ultimate Trading Guide note, “Traders are always excited about leading-edge technology, but inevitably fall back on the classical approaches.”
Donchian breakout–oriented systems, in which trades are initiated when current prices exceed the high or low price of a given period, are chief among such classical approaches. In fact, elements of the Donchian breakout have found their way into a number of trading systems, ranging from the Turtle trading system to a number of mechanical price-range breakout approaches.
Many who have extended this breakout strategy have cautioned that there is more to trading than n-period breakouts. While this is absolutely true, it need not detract from the effectiveness of Donchian breakouts in terms of entering trades.
Buy strength and sell weakness with this simple yet effective breakout trading strategy.
There may be as many different forms of the Donchian breakout as there are moving average crossover or pattern recognition strategies. This is not without good reason. As the authors of The Ultimate Trading Guide note, “Traders are always excited about leading-edge technology, but inevitably fall back on the classical approaches.”
Donchian breakout–oriented systems, in which trades are initiated when current prices exceed the high or low price of a given period, are chief among such classical approaches. In fact, elements of the Donchian breakout have found their way into a number of trading systems, ranging from the Turtle trading system to a number of mechanical price-range breakout approaches.
Many who have extended this breakout strategy have cautioned that there is more to trading than n-period breakouts. While this is absolutely true, it need not detract from the effectiveness of Donchian breakouts in terms of entering trades.
FOR THOSE ORDERING ARTICLES SEPARATELY:
*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.
| Take Control of Your Trading. |
| Professional Traders' Starter Kit |
| All these items shown below only $299.99! |
| Click Here to Order |