One of the toughest part in trading is you see a trend breakout and not try to trade against it. However most of traders love to short a strong trend for smaller gains and the short sellers keep on piling up every up every upmove. When you are seeing a breakout on your charts one of the questions you have to ask yourself is “is this breakout really strong on weak breakout” and that understanding make you to ride the trend. Else we will be the weaker prey and ends providing liquidity to the strong players!
Double Donchian Trading system is a Breakout trading system inspired from Richard J.Dennis. Donchian channels were developed by Richard Donchian, a pioneer of mechanical trend following systems. Double Donchian trading system a turtle trading strategy.Curtis Faith in his book Way Of The Turtle describes a variation of the Donchian system used by the legendary Turtle Traders.