How would you trade this chart ?

[SunTrader]

I like to trade by price only, no lines/indicators or candles.

Well then why isn't your chart showing price, instead of meaningless blocks?

edit: wait, now I see bars a lot more clearly after clicking attachments rather than how they appear directly.

But why have bar graph area truncated like that? And isn't that time period from more than a day ago?

 

[speedo]

For most, the best way to deal with a flat trading range is to sit on your hands until price trends. There are methods for skilled and highly disciplined scalpers such as selling bull closes and buying bear closes but again, for most stay out.

 

[SunTrader]

For most, the best way to deal with a flat trading range is to sit on your hands until price trends. There are methods for skilled and highly disciplined scalpers such as selling bull closes and buying bear closes but again, for most stay out.

Notice OP is an Aussie. Of course it is flat, most of the time, during his regular trading hours. (It would help if he had put his hours on chart or in post to note that).

Once Europe and then the US opens ES is anything but flat - other than on extremely rare days.

 

[murray t turtle]

I have backtested trendlines without much luck.

Looking to find something different than...... TA lines or candle bar counting.

%%
OK=i see your points;
but no such thing as luck. Small samples tend not to trend or pay much.
TF] trend follower J Henry said ''what you call luck,, i call a small sample ''.
Try reading more than the front page of IBD=really.
Schizo could make enough of a fortune with his hand dawn trendline$ ;
but i [exited]sold some SPYG +TQQQ + let some profits ride, moving averages .......

 

[murray t turtle]

For most, the best way to deal with a flat trading range is to sit on your hands until price trends. There are methods for skilled and highly disciplined scalpers such as selling bull closes and buying bear closes but again, for most stay out.

%%
LOL you should charge him big buck$ for that then maybe he would follow that.
Another way, cash swing trade SPY;
usually a big mistake for a newbie to use leveraged stuff like TQQQ or ES.
But an account blow up is another clueLOL

 

[speedo]

%%
LOL you should charge him big buck$ for that then maybe he would follow that.
Another way, cash swing trade SPY;
usually a big mistake for a newbie to use leveraged stuff like TQQQ or ES.
But an account blow up is another clueLOL

 

[ironchef]

What I've divulged should be more than enough to get the ball rolling for you.

Very true @schizo. Took me a long time to realize that.

 

[ironchef]

I have backtested trendlines without much luck.

Looking to find something different than vodou TA lines or candle bar counting.

You must have done something wrong.

When I backtested trend lines, they always worked. When I traded live, they stopped working. Why? Trend lines are a lagging indicators.

Read @schizo's post carefully, he is a pro.

 

[ironchef]

%%
LOL you should charge him big buck$ for that then maybe he would follow that.
Another way, cash swing trade SPY;
usually a big mistake for a newbie to use leveraged stuff like TQQQ or ES.
But an account blow up is another clueLOL

Someone who shall remain nameless said on ET you should blow up your account a few times otherwise you are not a good trader.

 

[murray t turtle]

Someone who shall remain nameless said on ET you should blow up your account a few times otherwise you are not a good trader.

%%
Good points;
the key is not doing that all the time , or just using 3 letters of 20+ letter alphabet