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

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

  1. ironchef

    ironchef

    By the way, after many coaching sessions from you, I think I finally understand what yu meant by context. :thumbsup:

    As for what do I use? I followed what @SimpleMeLike said: click buy if I think it is going up, click sell if I am wrong or when it is going down.

    I am not kidding. :finger:
     
    #161     Nov 15, 2023
  2. ironchef

    ironchef

    I do talk openly, that means I have no clue. :(
     
    #162     Nov 15, 2023
  3. padutrader

    padutrader

    i talk the most so i do not know... but i also know the most about not knowing. that is knowing a lot so my head is filled with useless experiences like truisms like 'those who know dont talk. and those who talk dont know'
     
    #163     Nov 15, 2023
  4. padutrader

    padutrader

    :D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D
     
    #164     Nov 15, 2023
  5. padutrader

    padutrader

    that is also chart...any visual depiction of price is also a chart
     
    #165     Nov 15, 2023
    Zwaen likes this.
  6. Bad_Badness

    Bad_Badness

    No. It is more the case everyone who has system(s*), is too busy trading to with this forum except for a break or entertainment.

    * Note the plural. Once you get enough infrastructure, the trading work is more akin to farming. It has the potential to never stop.
     
    #166     Nov 15, 2023
    themickey likes this.
  7. Zwaen

    Zwaen

    That's what I meaned, histogram=chart, frequency table= the numbers
     
    #167     Nov 15, 2023
    padutrader likes this.
  8. padutrader

    padutrader

    it may be chop but chop itself may be trending
     
    #168     Nov 16, 2023


  9. Apologize if someone already mentioned this or this doesn't help. But is the chop physically stopping you out? Or just mentally wearing you down? In my experience and for some of my setups, the chop often doesn't stop me out, it's just watching price go back and forth is extremely exhausting and that can cause me to get out or make mistakes. In the end though the setup often plays out as expected. It's basically just an issue with our brains and how it's perceiving the time that it takes for a setup to work out.

    Obviously an algo, institution or whoever/whatever is just worried about getting from point "A" to "B", so chop to it is literally nothing more than time it takes to complete a move(and maybe load up positions before the next move). If it's actually physically stopping you out, than that's a more difficult issue and I also struggle with remedying that sometimes as well.
     
    #169     Nov 19, 2023
    zghorner and MarkBrown like this.
  10. zghorner

    zghorner

    Both really. I was having an issue with entering on the low or high side of a choppy channel (selling the low/buying the hi), No worries tho I have developed something which allows me to view it as you said: "getting from point A to B".

    The real issues I was having were: fading the intraday trend far far too much. Taking extremely weak/lo prob setups like a sucker. and trading too much size making me unable to tolerate enough wiggle room during legit winners. All has been verified with metrics and corrected this weekend. Starting next week with easily the most well defined plan I've ever used...I need a large amount of structure because my discretionary execution is absolute shit.
     
    #170     Nov 19, 2023