Question for Grob/Hershey

Discussion in 'Technical Analysis' started by Stalker, Aug 26, 2005.

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  1. Stalker

    My 2 cents: the only time I drop down to the smaller timeframe is when things are moving very fast. During chop the worst thing you can do, imo, is go to a smaller timeframe. In your situation I would avoid trading chop altogether.
     
    #61     Aug 29, 2005
  2. Stalker

    Stalker

    danke,
    "do not change timeframe", rule nr. 457

    /Stalker
     
    #62     Aug 29, 2005
  3. Actually thats 456.:)
     
    #63     Aug 29, 2005
  4. The only problem with this is to be able to recognize 'chop' when you need to. After the fact this is not difficult but it is of no use anymore. Trying to link time frames to chop, imagined or real, may be a poor strategy.
     
    #64     Aug 29, 2005
  5. If you dont know when your'e in chop you got a problem alright. I was not linking chop to timeframes. Its just my opinion that if your in chop, to drop to a smaller timeframe and try to trade it is not appropriate for a new trader.
     
    #65     Aug 29, 2005
  6. Stalker

    Stalker

    lol... actually noticed I was a bit vague. I wasn´t really meaning chop, I was more specifically thinking about a problem i got with the channels on a 5-minute chart. If you gonna follow grobs way of drawing them strict and then enter at the forth bar, it seems like price often has already started to move in a different direction.
     
    #66     Aug 29, 2005
  7. It is pretty tricky. Thats what were going to try to iron out on this thread.
     
    #67     Aug 29, 2005
  8. First channel. Enter on break of bar 3
     
    #68     Aug 29, 2005
  9. This is exactly the situation you were referring to Stalker, right?
     
    #69     Aug 29, 2005
  10. Stalker

    Stalker

    yeah, exactly...
     
    #70     Aug 29, 2005
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