Early indications of choppy market?
- Thread starter heispark
- Start date
Technique for choppy markets using 10 min bars.
# White line on the bars represents 50% level for every bar.
# When price crosses 50% line OF PREVIOUS BAR I buy or sell depending on direction.
Try it with different time frames, and you may notice that
price crosses the 50% level all day long in choppy markets.
To your trading success.
# White line on the bars represents 50% level for every bar.
# When price crosses 50% line OF PREVIOUS BAR I buy or sell depending on direction.
Try it with different time frames, and you may notice that
price crosses the 50% level all day long in choppy markets.
To your trading success.
That's a good question but I am afraid there aren't any indicators that will tell you a choppy market beforehand. Only what you can already identify by just looking at the chart. You don't need any indicators to tell you that.
Only experience and market intuition may tell you at times.
Last edited:
DirectionalDayFilter:-
http://www.clayburg.com/ddf_home.htm
Though today would have been a good day to fade it, with equity futs down a decent amount already coming into RTH open.
http://www.clayburg.com/ddf_home.htm
Though today would have been a good day to fade it, with equity futs down a decent amount already coming into RTH open.
Last edited:
choppy market - a nightmare for the day traders.
I just use my naked eyes to check for a choppy market.
It is impossible to earn $$$ from a choppy market.
Stay away from it.
Or sit on your hands.
__________________
Last edited:
I disagree. That depends on what type of trader you are.
Last edited:
A good example of a choppy (and small-range) market was yesterday
23 May 2023, ES futures,
first 3 hours after the US stock market opened.
Who managed to earn $$$ from it by day trading?
For such a market,
you'd better sit on your hands.
And don't ever think of trying to earn $$$ from it.
No comment about HFT as I am no expert in that.
23 May 2023, ES futures,
first 3 hours after the US stock market opened.
Who managed to earn $$$ from it by day trading?
For such a market,
you'd better sit on your hands.
And don't ever think of trying to earn $$$ from it.
No comment about HFT as I am no expert in that.
Yeah, it was definitely choppy mchop but not impossible for all traders. You assume everyone is trading the same style/approach as you or that there is only one type of market traders can profit which is simply not true.
Last edited: