Quote from trader_zone11:
Very nice thread. It's my main challenge now. Staying out of chop.
August 14th I got totally chopped up in the ES. Attached are the trades I took and mostly mismanaged 
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I tend to get tons of signals in chop. It leads to over trading. It's come to the point where I don't even trade the ES afternoon anymore, cause I can't stay out.
I'd like to have some PA rules to protect me from chop .... this thread might give me some ideas ...
I don't care much for micro-trendlines, especially with ES. ES is a big lumbering efficient instrument that honors levels in a "traditional" way.
Your chart is a short bar interval, and looks like my 1min chart. I suggest drawing trend lines and parallel channel lines across swing highs/lows and look to enter on pullbacks that shake out the nervous scalpers' by touching their break-even stops. I think a 5min chart (or similar tick chart) is a far better intraday option for ES, with the smaller bar interval used as a cross-reference only for pullback entries.
On 8/14, ES broke a clean trend line right off the open, but previous support appeared to hold. Right there, I perceive conflicting signals: Quick strong move down to break the uptrend line, but there's quick support at the previous consolidation low.
However, the break around 10:06 ET allows you to draw a down trend line and a lower parallel channel line. If you arrow #2 is a short position, the lower channel line gives you a target on that move around 1687.00. Price gets there and at that point I'd only be looking for short entries, or holding the existing short.
Price doesn't quite make it back to the down trendline which tells you it's getting weaker. The next dip should take price to around 1685.50 at that lower channel line, but the added weakness means a deeper dip is likely and in fact there's little bounce at all before price falls out of the channel.
I think staying out from the lunch hour on is a good idea.
