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can we avoid this choppy time, 8-8.30am
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can we avoid this choppy time, 8-8.30am

  #1 (permalink)
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can we avoid this choppy time, 8-8.30am

I need some help/ideas to suggest/any help you can to avoid this chop on 5/21 bet 8-8.30am on CL

Attached are charts of CL 5/21 with basic MA signals with bad chop bet 8.00 to 8.30am cst shows 4-5 signals and all would have hit a SL of 10-20 ticks all 4-5 times.

I tried 10 range, 37 ticks, 3min, and I don't want to try a high TF than 3 min as it will have big SL even 5min as even 20-25 ticks SL is hit when it is choppy like this

Any ideas are highly appreciated. Thks much

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  #3 (permalink)
Market Wizard
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emini_Holy_Grail View Post
I need some help/ideas to suggest/any help you can to avoid this chop on 5/21 bet 8-8.30am on CL

Attached are charts of CL 5/21 with basic MA signals with bad chop bet 8.00 to 8.30am cst shows 4-5 signals and all would have hit a SL of 10-20 ticks all 4-5 times.

I tried 10 range, 37 ticks, 3min, and I don't want to try a high TF than 3 min as it will have big SL even 5min as even 20-25 ticks SL is hit when it is choppy like this

Any ideas are highly appreciated. Thks much

How about...

Don't take any trades during that time...


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  #4 (permalink)
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lol. It is smart idea if you figure out bet before 8.30am I tried ADX 20 which would have helped to keep form chop, but it also keeps me from good trades as it is too late to enter when ADX cross over 20

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  #5 (permalink)
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Check out the Detecting Chop thread.

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  #6 (permalink)
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The smaller the chart (ie: 377 tick) the harder it will be to see chop.

Your 3m chart looks fine to me in the area you highlighted.

I would caution against using any indicator to detect chop if you plan to use it in a literal signal-generation type of way. The best thing to do for chop is to look at a bigger chart, look for higher highs or lower lows, look back to the left on an even bigger chart (like 3-4x bigger) and look for key s/r areas that align with where price is trading now.

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  #7 (permalink)
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emini_Holy_Grail View Post
I need some help/ideas to suggest/any help you can to avoid this chop on 5/21 bet 8-8.30am on CL

Attached are charts of CL 5/21 with basic MA signals with bad chop bet 8.00 to 8.30am cst shows 4-5 signals and all would have hit a SL of 10-20 ticks all 4-5 times.

I tried 10 range, 37 ticks, 3min, and I don't want to try a high TF than 3 min as it will have big SL even 5min as even 20-25 ticks SL is hit when it is choppy like this

Any ideas are highly appreciated. Thks much

1) don't play in the red zone

2) avoid gray bar (color by trend range indicator)

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can we avoid this choppy time, 8-8.30am-cl.png  
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Register to download File Type: cs TrendRange.cs (5.9 KB, 12 views)

Last edited by cory; May 30th, 2010 at 02:58 AM.
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  #8 (permalink)
 R.I.P. 1960-2010 
 
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Chop & DOM

Marked up these charts (Pacific Time, US) to show what I watch for when reading the DOM. I had not been using this indicator as I know from watching the DOM what to look for. But this makes me reconsider that decision. Works great for ES as the DOM is usually between +/-6,000 and +/-20,000 and the heavier (more populated) the DOM the slower the movement. There are very slight differences between what the NT DOM shows and what the Zondor Recorder displays, as this is a Hybrid version.

Notice on each push down the buying potential increases. Reaching an extreme level on the Total Difference of the Bid & Ask on the last push down. There is a series of HH - circled- of the blue line - Difference in Total Bid and Total ask +/- 5 Rows in this case.

After the Sellers have been overwhelmed by the Buyers the price moves up.

This is DOMBandsHybrid in the Elite Downloads section, but there is a regular version in downloads, but it is not persistent. Meaning if you change anything on the chart they start over from zero.

R.I.P. Andy Zektzer (ZTR), 1960-2010.
Please visit this thread for more information.
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can we avoid this choppy time, 8-8.30am-dombands.png   can we avoid this choppy time, 8-8.30am-dombandschart.jpg   can we avoid this choppy time, 8-8.30am-dombandschart2.jpg  

Last edited by ZTR; May 30th, 2010 at 02:30 AM. Reason: Added comment on Hybrid version
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  #9 (permalink)
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Thks Cory. where and how do you see red zone?

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  #10 (permalink)
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Mike and ZTR
-thks for your inputs. I will check them out

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