Technical Indicator to stay out of choppy range

this happens for about 5-10 years and then you learn.
you have to learn the finer points. the nature of the beast 'chop' is usually large bars which rocket around. once you get small bars that do not rocket around and hang about at the top 1/3 of the range of the large bar,then the hint is that the chop is over.
the market does when it is in fairly generous mood give you hints what it is going to do.

but you are right you generally know after the fact:so do not predict the market just follow it and do not try to trade every swing:if you make two trades giving profit in chop, sit out the next two signals and assume things will change.
it is very easy to give advice

 

Just because the market is in a trading range, which may be quite tradable, doesn't mean it's in chop. I call chop when the frequency of direction change and amplitude seems to be "unplayable"... at least for me. Fortunately doesn't occur frequently or last all that long.

 

Yes, yes and YES!! Keep it simple. (Listen to this man, folks. His trading advice is golden.)

 

can i encash his advice gold is at a good rate
it takes long time to trust any technique no matter how simple it is

 

Easiest way to "trust any techinique" is to backtest it and you'll quickly learn that a technique that has positive backtest results...

You'll believe in it and you'll have LESS discipline problems in application of the technique.

Just as importantly, you'll understand its draw periods and profitable periods so that when the technique has losses...you'll then be able to adapt to minimize those losses.

wrbtrader

 

Maybe change your chart type. Heikin Ashi charts smooth out candlesticks for a more clear view of market trend.

 

pepperstone has a trading simulator where you may trade historical data as you would live market if you want more info just google it

 

This morning is an excellent opportunity to check if it works... till now. ES.

 

Disagree.

This morning has not been chop, not in my book. Chop is "untradable" (or at least in the trader's mind). This morning has not been that.

 

Untradable does not exist. Everything is tradable as there is always potential to take 1 tick ES.
I had to wait more than 1 hour to take my first trade: short 2679.
Till I took my trade it was chop for me.