Breakout Trading using the Donchian Channel strategy

what a great way to change your life! I like it

Awesome way to make money from home! This trading stuff driving me crazy

I dont like this indicator

only Michael knows this best gaining strategies love him

only Michael knows this best gaining strategies love him

What is the best way to profit from the current market, meanwhile I'm still undecided about investing $400k in my stock portfolio to get some dvidends and minimize risk

Donchian Channel works well for longer time frames, but no better than the10 week moving average.

Works like this on Forex market? The same setup? thanks master

Please, do more lessons about binary options

Bummer that TradingView's implementation of this is effectively useless.

Honestly the best for current markets.

Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less $150k per year, but nothing to show for it yet.

would you have to displace channel forward 1 day?

Have you considered the survivor bias brought by only considering stocks included in the index now but excluding those delisted stocks?

Problems here are survivorship bias on the stocks tested and it was backtested in a period prior to the decimalised system.
Those drawdowns will be much worse when you add in stocks that hit 0

What's your opinion on the Bollinger Bands compared to this?

Is the DC indicator in this video offset by 1-2 periods? I'm using Tradingview and the DC never shows a candle breaking beyond the upper/lower bands.

Very very nice video sir 👌...
I love your video ❤️

I'm to old to wait 50 week break-out. 😁 But I like the idea. Let's build a strategy...

$140,000 profits, Surely there is great Good in serving God!!!

We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

Please show online trading to support your views

what is your MACD settings for this?

To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market.

GREAT vids. what is your charting service?

Do you trade forex and if not why

Thanks for sharing!
And, may I ask what software you use to create these great videos?

hey, out of curiosity, what was your return for 2022?

@Financial Wisdom is there anyway you can do a book review on Al Brooks Reading Price Charts Bar By Bar? I'm so glad I found this channel somehow. You have new Sub and follower 😊

dont like this one.. looks like Bollinger band.

great channel. Thanks for the added value. I have learned a lot. May I ask if you will update on your website, the portfolio summary with the performance of 2022? Thanks

I’m so happy I made productive decisions about my finances that changed my life forever. I’m a single mother living in Melbourne Australia, bought my second house in September and hoping to retire next year at 50 if things keep going smoothly for me.,,*

I definately like the aspect of the strategy where the strategy cover 20 different stocks that have been max gainers + I think diversifying the amount of sectors they are in and if they are huge or small companies can all accompany such a strategy. Once I have 10K from my current more agressive strategy will start to invest a bit using donchian.

Impressive returns... assuming one has the discipline to follow the systems with conviction. Good explanation as always G

With everything going on right now, the best decision to be on any creative man's heart is having a profitable investment strategy.

Excellent as always 😊

No you do it upside down, why would you buy high and sell low?

I am binging your content in a big way. Seems to me, the best strategies for success in trading involve the early breakout and riding the trend. Again and again. Get in, be ready to cut your loss incredibly quick if it even remotely turns against you. The big wins will pay for these 1 percent losers and then some.

It's very difficult wrapping my head around this concept of accepting a string of losers.

Like with anything, you have to get beyond one-itis. Don't buy just one stock ever. Buy a collection of them so you don't hyper fixate and over analyze.

Greatl video 💪👏😍🙏🎅🎄

I have a quick question, theoritically candles will never break above donchian line. Since it measures the highest point and therefore the channel adjusts accordingly. But in your video, it seems that the candle breaks above the donchian line. This may be your platform. This is a big difference especially for backtesting.

Lmao this scammer garbo deleted my comment. He’s just trying to sell you something. Don’t quit your job to day trade. The fact that he’s silencing comments he doesn’t agree with should tell you the type of morally deficient rubbish he is.

CAN. U. JUST. BE. MY. BROKER. AND. DO THIS. FOR. ME. 😄

Russel. 1000. TKS

You are my inspiration sir,
I have watched all of your videos and inspired by them.
I have been reading, learning and practicing trading and investing for more than 2 years.....
I have some doubt sir , and I hope you will definitely help me through out this ....
I could be sound foolish 🥺, but please help me ....
Que.1 Can we time the market???If yes then how?
Que.2 Are some indicators enough to time the market??? If yes then which are they ..
Que.3 How to protect my portfolio from major downfalls ???
Que.4 Does Buy and Hold approach work even in today' world??
Que.5 How I can I prevent my capital from opportunity cost that I pay during downtrend and sideways market??
..
Please reply sir.
I am convinced with SL method, but all books that I have read advocates long term investing and compounding.... again and again.....
Please clear my doubts... Making a special video or here

In spite of the fluctuation in crypto, I still thank you for the level-headed financial advice. I started crypto investment with $4,345 and since following you for few weeks now, I’ve gotten $18,539 in my portfolio
Thanks so much Mrs Katherine Haley

Is it just me or did anyone notice in the examples of entries and exits given, all were exited at losses? Or am I looking at it wrong?