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

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

  1. Jzwu2017

    Jzwu2017

    Or you can scalp within one 5-min bar.
     
    #41     Nov 11, 2023
    zghorner likes this.
  2. zghorner

    zghorner

    no thanks.
     
    #42     Nov 11, 2023
  3. MarkBrown

    MarkBrown

    what is your chop? first nail that down, then anything else should be trending.
     
    #43     Nov 11, 2023
    HawaiianIceberg and zghorner like this.
  4. schizo

    schizo

    Hmm, I would personally never base my trading decision on one gravestone doji. It would need to be corroborated by other factors.

    Anyway, consider this chart. I think it would be easier to connect the dots here than with just 15-ish candles on yours.

    upload_2023-11-11_19-47-34.png
     
    #44     Nov 11, 2023
    ironchef and zghorner like this.
  5. heispark

    heispark

    I will do you a favor. Candles tell you stories what Mr. Market wants to do. Read market like this guy. He posts charts on FF in real time and many times they are winners. Some part of his technic is based on Inner Circle Trader on Youtube channel, but he also has his own. Read only recent postings. His skill set has been improved a lot recently.

    https://www.forexfactory.com/thread/post/14651236#post14651236
     
    #45     Nov 12, 2023
    mikeriley likes this.
  6. padutrader

    padutrader

    can you not recognise DB/DT....? can you not see how they behave in history, after the day is done.
    try that with second entries too.

    also post your trades with as much reasoning why you took it .



    if you cannot give one ot two reasons for the trade, you are gambling, guessing, trading on feel or like simplemelike trading on instinct. then this forum can tell you what was right with it.
    instead of me doing all the work you should participate. as you said you need the practice. Both brooks and TST says practice like a athlete.

    when i started trading 30 years ago i believed, contrary to popular opinion, that markets were rational and that billions of usd was not dumped into a random pot .

    this to me that erroneous belief was unbelievable rubbish and now after 30 years, with Brooks help, i have found that there is no mismatch between market action and trader action.

    Brooks also categorically states that market action is caused by trader action and since traders act in only a limited number of ways , market action can be known .

    market action is always two sided and for every bull trade, there is at the same time, a bear trade.
    it takes a long time to see all this and you have to see things .

    do not analyse observe

    there are none so blind as those that refuse to observe.
     
    #46     Nov 12, 2023
  7. padutrader

    padutrader

    after 30 years of searching trying to figure out market-i decided to leave that to the PH.Ds and just make money with the most obvious patterns out there.

    they say trade what you see.it actually means trade what everyone can see. not the secrets that you, and only a few, know.
     
    Last edited: Nov 12, 2023
    #47     Nov 12, 2023
  8. padutrader

    padutrader

    they look the same to me NOW
     
    #48     Nov 12, 2023
  9. padutrader

    padutrader

    i do not see any heat in discussion. everyone agrees it works

    second entries work not because it is a pattern but because it is the result of trader action.

    it is trader action and not patterns that you should trade.

    Yes you have high probability of winning. BUT NO ONE SAYS, WHAT IT ISTHAT YOU ARE WINNING.

    WHAT YOU ARE WINNING IS SMALL REWARD

    AND IF YOU REFUSE SMALL REWARD THEN YOU GET BIG LOSS
     
    #49     Nov 12, 2023
    Jzwu2017 likes this.
  10. padutrader

    padutrader

    if you see a grave stone in cemetery it makes sense.

    not on a highway
     
    #50     Nov 12, 2023