chubbardo

Use the indicators. Better than what is a good question. What I don't like about the method is the lack of explanation on how to use them effectively. A trade plan is needed. It's also very discretionary, so they are not really a system more like something to add to your own style of trading. I like the ProAm churn bars for spotting high volume orders and value this. The others I just haven't managed to use effectively. Are they worth the dosh... depends on your financial situation I guess. For me they help be in sync with the price ebb and flow. Considering it will cost 200-300$ to get something coded I think the price is ok.

Couple of ways to avoid the chop... time of day... looking at your chart the chop is in the dead zone (lunch time). you could filter this by not taking any new trades after 11am assuming you're in the USA. Another option is to follow price action. An uptrend is defined as a series of Higher Highs (HH) and Higher Lows (HL) swing points. A swing point is where the bar before and after is less than the middle bar. marked the sequence on your chart. You can see the price stalling when it doesn't make a Higher Low (HL). It makes a LL instead. For a change of trend you need to see a LH followed by a LL. We dont get a HH but an equal high. Clue 1 you are in a range. Price makes a LL then a LH. To confirm the trend direction change we need to see another LL. Instead we get a HH and LH. At this stage there is no trend and you are in a range. Mark up the support and resistance as you have with the box and look for a break out of this. Hope that helps.