How do you Avoid Chop without missing the break (intraday)?

[ironchef]

ok i will bite
what do you use then?
that question as begging to be asked.

in this business of trading, it better you understand what it is, that you are using and doing. do you?

i am not insulting you i am trying to help you.

By the way, after many coaching sessions from you, I think I finally understand what yu meant by context.

As for what do I use? I followed what @SimpleMeLike said: click buy if I think it is going up, click sell if I am wrong or when it is going down.

I am not kidding.

 

[ironchef]

You decide to go the beggar's route, asking for free advice. So I leave you with the following quote from Tao Te Ching.
"Those who know don't talk. Those who talk don't know."

I do talk openly, that means I have no clue.

 

[padutrader]

I do talk openly, that means I have no clue.

i talk the most so i do not know... but i also know the most about not knowing. that is knowing a lot so my head is filled with useless experiences like truisms like 'those who know dont talk. and those who talk dont know'

 

[padutrader]

Very well said. I prefer that you don't say anything.

 

[padutrader]

a histogram

that is also chart...any visual depiction of price is also a chart

 

[Bad_Badness]

No. It is more the case everyone who has system(s*), is too busy trading to with this forum except for a break or entertainment.

* Note the plural. Once you get enough infrastructure, the trading work is more akin to farming. It has the potential to never stop.

 

[Zwaen]

that is also chart...any visual depiction of price is also a chart

That's what I meaned, histogram=chart, frequency table= the numbers

 

[padutrader]

As I said, pullbacks are 3-touches and range is 4-touches or more. It's still considered a pullback so plan ahead for any changes.

View attachment 327405

it may be chop but chop itself may be trending

 

[Concinnity]

When this occurs during liquid hours it tends to beat me up pretty bad. Best I can come up with so far is staying out when average volume drops and look to position on the first pop but would appreciate some tips from more seasoned traders. Setting channel lines with alerts? Any of you simply tighten profit targets and fade the wicks while looking to reverse if she breaks against you?

View attachment 327279

trading hard.

Apologize if someone already mentioned this or this doesn't help. But is the chop physically stopping you out? Or just mentally wearing you down? In my experience and for some of my setups, the chop often doesn't stop me out, it's just watching price go back and forth is extremely exhausting and that can cause me to get out or make mistakes. In the end though the setup often plays out as expected. It's basically just an issue with our brains and how it's perceiving the time that it takes for a setup to work out.

Obviously an algo, institution or whoever/whatever is just worried about getting from point "A" to "B", so chop to it is literally nothing more than time it takes to complete a move(and maybe load up positions before the next move). If it's actually physically stopping you out, than that's a more difficult issue and I also struggle with remedying that sometimes as well.

 

[zghorner]

Apologize if someone already mentioned this or this doesn't help. But is the chop physically stopping you out? Or just mentally wearing you down? In my experience and for some of my setups, the chop often doesn't stop me out, it's just watching price go back and forth is extremely exhausting and that can cause me to get out or make mistakes. In the end though the setup often plays out as expected. It's basically just an issue with our brains and how it's perceiving the time that it takes for a setup to work out.

Obviously an algo, institution or whoever/whatever is just worried about getting from point "A" to "B", so chop to it is literally nothing more than time it takes to complete a move(and maybe load up positions before the next move). If it's actually physically stopping you out, than that's a more difficult issue and I also struggle with remedying that sometimes as well.

Both really. I was having an issue with entering on the low or high side of a choppy channel (selling the low/buying the hi), No worries tho I have developed something which allows me to view it as you said: "getting from point A to B".

The real issues I was having were: fading the intraday trend far far too much. Taking extremely weak/lo prob setups like a sucker. and trading too much size making me unable to tolerate enough wiggle room during legit winners. All has been verified with metrics and corrected this weekend. Starting next week with easily the most well defined plan I've ever used...I need a large amount of structure because my discretionary execution is absolute shit.