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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
Can you help answer these questions from other members on NexusFi?
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
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.
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.
I tried ADX 20 which would have helped to keep form 
