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

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

  1. VSTscalper

    VSTscalper

    Just took a look at this 7 Tick Range Bar - another Range Condition. This happens more than most traders realize. Trading in a Range Condition - can be very Profitable - if you know how to trade it and you do NOT need any special Indicator or Algo.

    .RangeCondition_11-13-23_3.png
     
    #141     Nov 13, 2023
    beginner66 likes this.
  2. Handle123

    Handle123

    upload_2023-11-13_23-6-10.png

    Inside bar forms after highest high bar, then doji (indecision) outside bar, which upon break of that lows can be considered completion of Head and Shoulder to sell.
     
    #142     Nov 14, 2023
    birdman and beginner66 like this.
  3. surfer25

    surfer25

    You don't need bars or indicators.
     
    #143     Nov 14, 2023
  4. schizo

    schizo

    If not bars or indicators, then what?
     
    #144     Nov 14, 2023
  5. tony.m

    tony.m

    The ....... chart works best without bars and indicators.
     
    #145     Nov 14, 2023
  6. Zwaen

    Zwaen

    It seems like and endless discussion on all these forums, and each to his or her own i quess.
    Charts are just visual aids which slice and dice price, time and/or volume/orders in various ways. That's it. It is really the same discussion if a histogram is better or a frequency table.

    I only use a chart for a quick view, but numbers itself are just a lot easier to analyse and slice and dice to your own liking. Some statistics are just difficult to plot graphically
     
    Last edited: Nov 14, 2023
    #146     Nov 14, 2023
  7. schizo

    schizo

    I'm not sure I follow. Exactly what "bars" are you referring to? The bar that @ironchef was referring to was in response to the following post:

     
    #147     Nov 14, 2023
  8. SunTrader

    SunTrader

    There are 3 bars shown before your entry. How are we supposed to see "chop" before your entry with that? What is "chopped" is your price scaling of candles - a whole lotta empty space (showing nothing) squeezing the bars. Why?
     
    #148     Nov 14, 2023
    zghorner likes this.
  9. ironchef

    ironchef

    I don't use them. Do I need them? Probably yes.
     
    #149     Nov 14, 2023
  10. padutrader

    padutrader

    ok i will bite
    what do you use then?
    that question as begging to be asked.

    in this business of trading, it better you understand what it is, that you are using and doing. do you?

    i am not insulting you i am trying to help you.
     
    Last edited: Nov 14, 2023
    #150     Nov 14, 2023