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Indeed. I simplify it into just one choice - do I need to go up or down a timeframe. After all a candle is itself nothing more than a visual summary of the wave pattern and price structure that happened inside it.
For those who use the Ichimoku chart - there are well defined chop / or rotational zones to see.
The indicator (disucussed in other threads) is known as KUMO or cloud. Is price within this zone
the price may move many times from border to border before it leaves. Trading within - like
Silvester points out with VWAP 1 - is difficult - and trade starts should be avoided within.
Best settings to see those "to undecided zones" are the 30 minute chart - as well as the 1 day chart.
It needs some experience to make money even then... for all others - this zone means:
Stay at the sidelines!
Mike, Thanks. I am curious what higher time frames have you experienced begin to have no impact or factor with perceived "chop" like you mentioned here?