How do you Avoid Chop without missing the break (intraday)?

volume is leading indicator and that is the problem with it: you never know how much it leads by.

chop generally refers to market action around ema and whenever it is not leaving it is in fact the definition of chop

 

On top of needing ways to shift odds into your favor...I think you have to become a highly developed person to do this. Like in a lot ways. So many things need to be well refined or you will be eaten. Seem this way to me at least.

@destriero You mentioned the other day while roasting someone that they need to "dig deeper to find a legit edge" because they didn't have one...do you consider backtesting for movement behavior probabilities useful at all? Do you consider anything outside of some type of arb a legit edge?

thanks

 

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YES, may tighten up stops sometimes;
yes it moved in my direction better, after I took some profits, but my cash position was needing a bit improvement regardless . I like better trends than that + the smaller one I did exits on today.
Can find a better trend than that ,candle-charts;
especially when that market that has gone near nothing +up spiked rocket ;
then gone worse\ negative .I like some of XOM,CVX,MRO,DINO sector, not just the TX tea part of it.

 

I don't mind, but how many times do I need to remind you that you should grow them balls? You're too thin-skinned.

 

In continuation to the previous chart, here's a possible channel (aka chop) in play.

 

As I said, pullbacks are 3-touches and range is 4-touches or more. It's still considered a pullback so plan ahead for any changes.

 

So here's a perfect example. You might have initially thought this was a range, but it's looking more like a pullback. Suppose you shorted the top of the range and the candle closed above the upper channel, you should then consider the alternative of getting out or reversing your trade.

 

LOL why? Did you take that as SCREAMING at you!!!!!!!!!!!!

Come on man.

 

Unfortunately, so true.

 

Now it's definitely a "chop zone". So trade accordingly. I hope this answered your original question, @zghorner.

BTW this chart is in REAL TIME!