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stemmons_10
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How Do I Avoid the Chop Chop?
stemmons_10 replied to simterann22's topic in Day Trading and Scalping
A squeeze can fire with various underlying price structures. It's not always a simple breakout of a consolidation range. So decide what price structure you are looking for to get you in a trade. If your timeframe is also determined, then you should be able to see 'chop chop' without another indicator. Determine what constitutes a swing high or low for you and the chop comes about when a new high or new low isn't being made. 90% of the answers posted to your question are over-engineered. If you can't look at a chart and know when you're in chop, then you're either in denial or blind. Chop is simple. Keep it that way. Keep Trading. JScott