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

Discussion in 'Trading' started by zghorner, Nov 11, 2023.

  1. ironchef

    ironchef

    I hate to admit it, I don't look at bars, or any indicators when I trade.
     
    #131     Nov 13, 2023
  2. padutrader

    padutrader

    there are only two ways one must trade. one when it is trend and then on when it some sort of range...everything which is not a trend is range !!
     
    #132     Nov 13, 2023
  3. padutrader

    padutrader

    sometimes i look at Porn :D:D
     
    #133     Nov 13, 2023
    tony.m likes this.
  4. surfer25

    surfer25

    Why would you hate to admit that?
     
    #134     Nov 13, 2023
    padutrader likes this.
  5. padutrader

    padutrader

    i have at least 12 hours *20days *12months *30 years you do the math
     
    Last edited: Nov 13, 2023
    #135     Nov 13, 2023
  6. padutrader

    padutrader

    funny i do not hear anybody talk of accumulation distribution here but that is critical.

    if you understand those zones you do not need set ups to trade
     
    #136     Nov 13, 2023
  7. surfer25

    surfer25

    Am I missing something? Your image looks like a good short starting somewhere on the second bar after the arrow (third bar from the end). Never mind the candles, but you've got falling prices on increased volume. That's the type of thing you should be looking for if you are trading directionally.
     
    #137     Nov 13, 2023
    HawaiianIceberg likes this.
  8. As Brooks says do not not trade barb wire patterns, which is another word for chop. Out of a hundred pages in his book, this is one of his best 2 words of advice. Chop occurs during low volume and usually after hours.

    Of course there is one exception to this rule which is my blue sky trade. As you can see I got in during the chop and still made a profit when it broke out to the upside.

    CL 11-13-23.jpg
     
    #138     Nov 13, 2023
  9. eye.jpg
    Remember trading futures is risky, it should only be done if you have the Ocularis Infernum indicator.

    The Ocularis Infernum (Latin for the "Eye of Hell") is an eye located in Hell that, once opened, will allow its user (whoever is able to control it, that is) the power to see everything, the past and future, Heaven and Earth, the blessed and the damned, essentially giving the user a god-like power to dominate mankind.

    All indicators were removed from the above posted chart.
     
    Last edited: Nov 13, 2023
    #139     Nov 13, 2023
  10. ironchef

    ironchef

    Are you asking me?

    If so, it is because everyone here uses it and I don't know how to use it.
     
    #140     Nov 13, 2023