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In this video, Sanket Thakar, CMT, a seasoned proprietary trader and technical strategist with more than 18 years of experience, explains how to use the Donchian Channel for trading. He begins with the basics of what the Donchian Channel is and how to plot it on charts. Step by step, Sanket shows how to identify breakouts, explains how this tool differs from Bollinger Bands, and lays out clear rules for trading with it. He also covers important points like setting stop-losses, deciding exits, and other key criteria for risk management. The session then moves into how this setup can be applied for swing trading, followed by backtesting results to understand its effectiveness. Finally, Sanket discusses whether this strategy can be adapted for options trading as well. This video is a complete guide for traders who want to learn and apply the Donchian Channel in a simple yet effective way.

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Timestamp:
00:00 Preview
00:40 Introduction and basics of the Donchian Channels
04:15 Plotting the Donchian Channels on a chart
05:25 Understanding breakouts using the Donchian Channels
07:45 How is it different from Bollinger Bands
11:45 Rules for trading with the Donchian Channels
14:10 Stop-loss, exit, and other criteria
20:55 Using the setup for swing trading
27:55 Backtesting the setup and analyzing the results
38:40 Can this setup be traded with options
39:55 Conclusion

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