How to know trend or chop in REAL time

True. Trolls will of course latch onto the "rule" rather than note that I said "mine". One can use MAXOs. Or a stochastic. Or the RSI. Or any other of the umpteen oscillators. Or one can use a time stop. Or place a bracket order and go for a bike ride. What matters is having a rule whose results are what one finds acceptable. The specifics are irrelevant to anyone other than the trader who developed the rule.

Of course, anyone who actually trades and trades profitably knows this.

 

No selling is possible without the consent and active participation of a buyer. Selling does involve an exchange of one good for another. This in effect is not selling but rather free sharing for information.

Some may choose as free individuals to try it and others may find it to be outright bullshit. Those who may choose to use this information may even find it to be not suitable for their purposes and disregard it. In either case there is no compulsion.

Those unaware of the chop are the ones getting chopped to bits. Then there are those like @Handle123 who have learned to thrive in it. Chop isn't the enemy. It's not knowing what to do when it does manifest.

 

getting back to "and move on", a real big balls trader bets it all on one position. I like the question. I am just a small retail trader. You can't believe how much I lost on just my smallest position which was long term wrong on some usd.cad.

 

When playing roulette, and 5 reds come in in-a-row, it's trending reds.
If it keeps alternating between red and black, then it's 'choppy'.

 

oh man, do I lose a demerit and get a brownie point for you mentioning "a time stop."?

 

getting back to the chop, whic

really? so you can look at a chart with all the historical data you could ever want and predict to us what it will probably do next?

 

getting back on track, I really like galvinlee881's original post. It pretty much sums up gambling on the trend or the chop.

 

This question isn't about the chop, but is about having an edge.

 

You need an 'edge' if you want to make consistent profits.
Sellindexvol is the only trader on elite who I can think of off the top of my head who falls into that group. He isn't drawing lines on charts - i'm pretty sure of that!

 

or who knows? sometimes betting on the almost always constant chop, or the rare trend?
I already lost almost all of my ass betting on the chop, even though every day it makes you feel good