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This is a scenario I'm chewing on in terms of avoiding chop: Would a break of the DL with a drop back into the range and a RET be a legitimate setup?

Thanks DB. Me too. We are in a downward channel on the 60M. My levels to the upside are 83 and 89 (Midpoints) To the downside I see nothing untill 66 & then 50. But still try to focus on the lines first...and on the price behaviour in general - specially when we are ranging like...

Do you mean that there was no real correction back to a previous TR except of the test at 3420? This could mean that the chances are good that the higher ones - which are tiny - are "ripe" to be tested at least?

At which point did you see that it would be more likely a ranging day? After the failure(s) at 92?

a big range between 92 and 82...

Thanks for your comment according to the climactic low. Do I see it right that the long was 88.5, which is your distance after the 10:14 bar in terms of the trigger?

avoided the long at 91.75 because of the 50% just above... so far a good decision...

After the break of the DL and the RET I wasn't that a clear short @95.50 according to the drill? Exiting the range for you means a break below 93 roughly?

You mean 91 - 95.75?

Everyday one learns something new... Thanks guys... Will be back soon after a short trip to Madeira...

You have a HH at 10:43 in comparison to 10:38?

Not a hinge? After that false break to the upside I placed my stop limit right below the apex but did not get filled... Not a valid trade? Irrespectable of what happened afterwards...

False break of the hinge to the upside? Short not filled...

Personally I don't. As someone who has a bit of an aversion against math in general this seems to be logic. Maybe this - besides the overall simplicity and consistency - is it why I find the approach here so attractive... But a fact is that one has to keep to its trades to make the whole...

Yes, true... Actually it was more that I did let it go - and "cried" after the fact... But as there was a decision, that the risk was high and I at least wanted to see a retrace maybe back to the midpoint of this little opening range at 88, I have to deal with the consequences now...

After the 9:34-35 "negation" of the up wave right after the open that was most likely chop to me. And so I wanted to see a break above 90 and a RET. Maybe this is not following the general definition of chop, but that was just my perspective... I can write this because I missed my...

Out 81.50...

Short 81.25

That would have been one of my typical losers. But as we are in the chop...no trade...

Chop... 84-90 as boundaries... edited..