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Specialist Trading (Steve Primo) Strategy #1: Donchian Channel Strategy

Published on Mar 19, 2013 46,350 views

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The basics of this strategy are as follows:

1. Wait till price is above the 50 single moving average
2. Plot Donchian channels; wait till price touches top line
3. After plot touches top line, wait until there is a pullback involving a candle whose ENTIRE range is below the middle line
4. Place a stop entry order to enter if price goes one tick above the high of the candle whose entire range is below the middle line
5. Place your stop loss below the bottom of the trigger candle -- the candle whose entire range is below the middle line after a pullback
6. Exit when price reaches the top Donchian channel again

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