Monday, April 30, 2007

RICHARD DONCHIAN

Mr.Richard Donchian is known as the father of trend following.

His original trend following ideas form the basis of all trend following success that has followed including Mr. Richard Dennis.

His methods involved the use of moving average for the entry and exit indicator of the system.

A brief history of Mr. Richard Donchian, after suffering personal losses during the market crash of 1929, he began his studies on technical analysis, believing only the chartist made sense and money.

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