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Honestly, it is not that hard to setup a system for trending market, the key is to start your position with a free ride from the herd when they panic (not that hard to figure this out), and put your stop in the place that the stop loss hunter have to pay a high price to hit it. Right ? Chop is...

The ultimate goal for this is if we can know (or at least with a high probability of prediction) that WHEN the chop will change to trend (or trend to chop), in theory you can develop the most profitable strategy in this world. The strategy will trade ABC approach in trending market, and switch...

Tomorrow we may heard another 10 million story, which make a "higher high" in the Chart. See, TA is applicable in any market ? :rolleyes:

Lol, this remind me the good old time..

I should not say this but can't resist not to do do :) Any strategy with limited profit target will hardly to achieve a positive trader equation. PM me and I can share with you a similar but much better approach

I should not say this but can't resist not to do do :) The only

Explain to me what will happen let say the stock stay at 90 at expiration ?

I no need to deal with chop with my current trading approach and it is highly profitable, it at lease pay for my bill and my life style for the past 10 years. Disclaimer: I don't make few hundred % as other day traders in ET claim they can but it is outperform S&P and I am quite happy with this...

Higher Low, Lower High ? How this related to the chop as those are channel ?

What do you expect in ET ? Don't forget if someone in ET here really have the "solution" for this, he will be the richest guy/girl that you ever see in your life.

The drawdown was coming from ONE single trade or a few continous trades?

In my early day I actually join a trading room from a legend guru in PA, my understanding is some "successful" trader in ET (at least this is what they self claimed) are claimed to learn from his approach or been tough by him. I don't want to put his name here as this is not the purpose of this...

This is precisely what happen in real trading. Any experience trader know they should trade as "Bollinger" style in chop market, and "break out/two side strategy" in trending market. This is not secret although some scum guru try to sell this as "thousand dollars guarantee No Loss system" :p...

If you read through my first post in this thread, you should know the answer :) "I haven't seen any "guru" ever show this (e.g. how to know chop or trend in REAL time) with any high accuracy (more like 50%/50% the best ), even those supposed to be the "famous" or legend one."

The million dollar question here is you don't know how long you have to stay with those small losses due to chop before the market turn to trend. You also don't know if your big profit can cover your small but large number of losses. This go back to the same question, how you know "when" the...

This time I with you. Platitudes is to make you feel good, no one (even the institutional) are able to use this. :)

Investor only care for price up or down, in chop time they just "buy and hold". For directional traders, most of them are leverage and they only care two scenario: market is trending or chop. Chop is the great opportunity for scalpers, a big trend will kill them alive if they don't cut their...

good call

You mentioned you have zero commission with 1 tick slippage in DAX, I assume you are using some kind of bucket shop (spread betting) than a licence broker ? You mentioned you risk about 8-9 ticks and aim for a target of 4 to 5 ticks, which mean a risk/reward ~ 2. Your cost is about 1 tick...

Are you ok?