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

[schizo]

the reason traders lose money is because of the bull shift that is churned out by logic such as what you have expounded in your post saying that markets are not rational. that you need some vague notions or system to be tested. of course time HAS TO BE SPENT to achieve anything great. there is a logic in markets and any method or system has to be cognisant of that or it will fail.

if you are not convinced that logic is there and has TO BE FOUND THEN YOU WILL LOSE A LOT OF TIME BARKING UP THE WRONG TREE

the contention that just because i do not know WTF is going on, the market is random is ridiculous.

FIND THE LOGIC OF THE MARKETS AND YOU NEVER LOSE IN YOUR LIFE

Don't be so obtuse.

THIS HAS NOTHING TO DO WITH LOGIC OR WHETHER THE MARKET IS IRRATIONAL OR OTHERWISE.

What the piker is saying is that he himself belongs to the lucky 1%, whereas you and me are clearly in the other 99%. The idiot should be dragged out and flogged.

 

[zghorner]

So what I've decided to do is just answer my own question...its really the only way. Just have to study break behavior myself and decide what's best.

Thanks for the help everyone. Ive worked my way through several of the suggestions and have benefited.

 

[schizo]

So what I've decided to do is just answer my own question...its really the only way.

Sounds like you're not happy with the answers.

I too had some trouble trading on Friday. The range you see below tripped me up and I fumbled pretty badly. What would you have done? Let's also not forget that oftentimes you wouldn't know it's a chop until it's well over.

 

[ironchef]

mark it on a chart and show me.post it.

I am dumb. Are these second entries? How do I know they are reversals and not second?

 

[zghorner]

Sounds like you're not happy with the answers.

I too had some trouble trading on Friday. The range you see below tripped me up and I fumbled pretty badly. What would you have done? Let's also not forget that oftentimes you wouldn't know it's a chop until it's well over.

View attachment 327349

 

[SunTrader]

Sounds like you're not happy with the answers.

I too had some trouble trading on Friday. The range you see below tripped me up and I fumbled pretty badly. What would you have done? Let's also not forget that oftentimes you wouldn't know it's a chop until it's well over.

View attachment 327349

Towards the tail end of that range cumulative $TICK gave clues to the break out to come:-

 

[padutrader]

View attachment 327347

View attachment 327350

I am dumb. Are these second entries? How do I know they are reversals and not second?

you are not dumb
market is designed to fool you.
patterns can fail and reverse or seemingly fail and morph into a larger pattern of the same type.

THIS IS EXTREMELY difficult to understand and manage
. took me a decade
so it is a process of learning .

swing trading require a lot of management and in 5 min it needs a hell of alot more than 15 min and you have only 5 min to decide.
and you are trading one min and 5 min and then coming saying HELP HELP

trading is simple ..simple to make money or lose. but to know why it happens is complicated.

and that is what troubles novices and either you take time and trouble to learn or do it simplemelike way. but as he says THAT TOO did not work and he lost

i can exp[alin it any number of times like brooks does.

explanations take time

need time.

today i have a criminal case hearing so ...

 

[schizo]

Towards the tail end of that range cumulative $TICK gave clues to the break out to come:-
View attachment 327354

Thanks for the feedback but this smells too much like hindsight analysis.

 

[schizo]

View attachment 327352

Compare the two charts...

It's also worth noting that you wouldn't have known at the time that would turn out to be a range.

 

[maxinger]

This can happen too :