Lateral movement

Discussion in 'Trading' started by trader1974, Apr 17, 2020.

  1. trader1974

    trader1974

    Lack of intraday trend is a big problem.
    How can they not trade in a lateral movement?
     
  2. trader1974

    trader1974

    If it cannot be anticipated, then it is practically impossible to be profitable.
     
  3. Simples

    Simples

    Lateral movement is good for anticipation.
     
    trader1974 likes this.
  4. trader1974

    trader1974

    It's true good idea
     
  5. trader1974

    trader1974

    IMG_20200417_183741.jpg complicated
     
  6. %%
    Complicated if its a 5 minute chart/noise;
    but not complicated if that's daily/monthly trend.
    I don't like sideways/slop/chop; but most of them continue in the main TREND, so I look @ it that way...……………………………………………………………………………………………………………………….]
     
    trader1974 likes this.
  7. trader1974

    trader1974

    But ... are you profitable? :D
     
    murray t turtle likes this.
  8. %%
    Yes+ most investors are; but I use more than a 5 minute chart/noise
    Plus dividends this week. And I study monthly charts much more than listen to fake/negative news.​
    IF Dow/DIA is in a bear market SDOW is doing well but don't count on fake news noting that. DOW//DDM looks like an uptrend now; good time to sell yesterday + buy some more UPRO today. NOT a prediction
     
    ironchef likes this.
  9. trader1974

    trader1974

    I have tried everything intraday and nothing works, the price movement is random in the short term, I find it hard to give up but it is better this way to not end up in ruin.
     
  10. Simples

    Simples

    simpler.png
    I'm on demo. By playing demo I've learned that every bar builds tick by tick, every bar start lateral and straight parallell lines are helpful to properly contain ranges of bars. To simplify, I've illustrated an advanced kind of RTL above. LTL added would reveal FTT (Failure To Traverse). This is just half the picture though. Volume bars are needed as well, in order to correctly anticipate the market. Without volume you're just chasing price, and lack enough context for correct timing. Annotations build context and you need at least three fractal levels in order to get the full immediate structure to use for making trading decisions in realtime.
     
    Last edited: Apr 17, 2020
    #10     Apr 17, 2020