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Is it worth trading chop days?
Updated August 31, 2015
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Is it worth trading chop days?
August 17th, 2012, 06:51 PM
Philadelphia
Experience: None
Platform: corded black telephone
Trading: ticker tape
Posts: 2,894 since Apr 2012
Thanks Given: 1,683
Thanks Received: 3,681
sorry bout that
R.I.P. Joseph Bach (Itchymoku), 1987-2018. this thread for more information.
Can you help answer these questions
Best Threads (Most Thanked)
August 17th, 2012, 07:20 PM
Houston,Tx
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
Posts: 2,265 since Feb 2010
Thanks Given: 1,206
Thanks Received: 4,355
It can be done, depending on the instrument and your trading plan... This a new indicator inspired by Fat Tails post about R Squeeze ... I was testing it in SIM today...
I'm just a simple man trading a simple plan.
August 17th, 2012, 07:31 PM
Philadelphia
Experience: None
Platform: corded black telephone
Trading: ticker tape
Posts: 2,894 since Apr 2012
Thanks Given: 1,683
Thanks Received: 3,681
ThatManFromTexas
R.I.P. Joseph Bach (Itchymoku), 1987-2018. this thread for more information.
August 17th, 2012, 07:44 PM
Philadelphia
Experience: None
Platform: corded black telephone
Trading: ticker tape
Posts: 2,894 since Apr 2012
Thanks Given: 1,683
Thanks Received: 3,681
ThatManFromTexas
It can be done, depending on the instrument and your trading plan... This a new indicator inspired by Fat Tails post about R Squeeze ... I was testing it in SIM today...
R.I.P. Joseph Bach (Itchymoku), 1987-2018. this thread for more information.
August 17th, 2012, 08:03 PM
Ontario, Canada
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012
Big Mike
And how many trades per day do you take roughly?
I ask because generally I see traders that are taking 10+ trades a day, long, short, long, short -- those are the guys getting killed by '
chop '.
Mike
August 17th, 2012, 08:16 PM
Pismo Beach CA
Experience: Intermediate
Platform: TOS, IB, Fidelity for 'swing' trades
Trading: ES, NQ, IBB, IWM, NG
Posts: 159 since Apr 2010
Thanks Given: 80
Thanks Received: 90
I love 'chop days' because it fits my trading style, which is to buy (after) dips, in small quantities, during an overall uptrend (clearly, now). Since I trade small, I don't have to be concerned with too tight stops.
"The Future Ain't what it used to be"
August 17th, 2012, 08:25 PM
Philadelphia
Experience: None
Platform: corded black telephone
Trading: ticker tape
Posts: 2,894 since Apr 2012
Thanks Given: 1,683
Thanks Received: 3,681
heywally
I love '
chop days' because it fits my trading style, which is to buy (after) dips, in small quantities, during an overall uptrend (clearly, now). Since I trade small, I don't have to be concerned with too tight stops.
R.I.P. Joseph Bach (Itchymoku), 1987-2018. this thread for more information.
August 17th, 2012, 08:49 PM
Houston,Tx
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
Posts: 2,265 since Feb 2010
Thanks Given: 1,206
Thanks Received: 4,355
Itchymoku
Nice indicator, it worked well? I assume you still use it on trends.
Usually I'd take these trades noted with the red oval
CST . I don't like to enter a trade after 2:30 pm ... especially on a slow Friday
I'm just a simple man trading a simple plan.
August 17th, 2012, 09:10 PM
Pismo Beach CA
Experience: Intermediate
Platform: TOS, IB, Fidelity for 'swing' trades
Trading: ES, NQ, IBB, IWM, NG
Posts: 159 since Apr 2010
Thanks Given: 80
Thanks Received: 90
Itchymoku
context .long side .
"The Future Ain't what it used to be"
August 18th, 2012, 01:11 AM
Al,India
Experience: Advanced
Platform: NinjaTrader
Broker: Z
Trading: NiftyFuture
Posts: 1,562 since Feb 2010
Thanks Given: 1,513
Thanks Received: 1,701
Itchymoku
I'd like to ask all the successful traders is it even worth trading
chop days or hours to make a small but consistent frustrating gain, or to only trade that steady angled trend? Am I reinforcing bad behavior by grinding on chop If I make most of my profits on the trend?
Harvest The Moon Nest The Market
Last Updated on August 31, 2015
