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the "Avoid Chop" Indicator?
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the "Avoid Chop" Indicator?

  #1 (permalink)
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the "Avoid Chop" Indicator?

Hi everyone, been enjoying all the incredible information available on this site and spent a while searching for any answers I need. Found them all! Except this:

Is there any indicator that anyone knows of that can just keep me out of a chop? I love trading the CL, and I find it to be very trending for my style of trading (10-15 tics). Still, there are moments in the day that I can give back all my profits because it starts chopping up.

Now I know with experience this becomes easier to spot, but I guess what I'm thinking of is a non lagging ADX. Something that can tell me very fast that we are most likely STARTING A TREND, or.. trending.. or, for me most important: starting to not trend in any direction.

Any advice, or pointing me in the direction would be incredibly appreciated.

Thanks all, happy trading!

-Dan


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  #2 (permalink)
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Maybe throw a TSI on your chart, or other ergodic. When TSI oscillating between 20 lines, that's chop, when it's oscillating in the upper range, that's an uptrend, when its oscillating in the lower range, that's a down trend. But yeah, it's not really going to tell you anything you can't see by just looking at the chart.

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  #3 (permalink)
Market Wizard
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check out Perry thread, ADX below dm+ and dm- = chop.

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  #4 (permalink)
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@lov2rev

The World according to ThatManFromTexas ....

1. You can not predict chop.

2. You will know you are in chop after you have a couple of losing trades.

3. When you realize you are in chop ... stop .

4. You will know you are out of chop when you miss the breakout.

5. Most chop filters filter out as many good trades as they do bad trades.

6. Learn to watch for price compression / decompression

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I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #5 (permalink)
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@ThatManFromTexas,

What is the teal indicator you are using to encapsulate price?

Thanks.

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  #6 (permalink)
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dakine View Post
@ThatManFromTexas,

What is the teal indicator you are using to encapsulate price?

Thanks.

@dakine

Two 21 period EMA Bollinger bands , one set at 1 Standard Deviation and the other set at 2 deviations

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"

Last edited by ThatManFromTexas; June 27th, 2012 at 05:47 AM. Reason: Piss Poor Typing
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  #7 (permalink)
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Put a 20EMA, 50EMA, 200EMA moving averages on your chart. Whenever any of these averages start intertwining with each other, and 2 or 3 successive candles are touching any of these averages you are already or are probably heading into chop.

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  #8 (permalink)
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ThatManFromTexas View Post
@lov2rev

The World according to ThatManFromTexas ....

1. You can not predict chop.

2. You will know you are in chop after you have a couple of losing trades.

3. When you realize you are in chop ... stop .

4. You will know you are out of chop when you miss the breakout.

5. Most chop filters filter out as many good trades as they do bad trades.

6. Learn to watch for price compression / decompression

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

@TMFT - What indicator are you using to color the bars? I tried both your EmaMulti21ByThatManFromTexas and EmaMulti21A (which offers a selectable bar coloring option), but neither indicator colors the bars. Thanks.

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  #9 (permalink)
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embrace the chop for it only provides us with yet another opportunity!

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
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  #10 (permalink)
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madLyfe View Post
embrace the chop for it only provides us with yet another opportunity!

So true! A good range can be extremely rewarding! And at times it's rather easy to trade as stop and target placemend in a range are really trading 101.


Vvhg


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