Solving chop problem in frustrating market…
One of the most difficult aspects of this market right now is the chop that we’re facing. Many traders are trying to front-run a downtrend making them really frustrated.
Remember, trade what you see, not what you think.
Any trend, including a downtrend, needs confirmation. Chop does not provide any confirmation of an uptrend or a downtrend. One day we see choppy price movement followed by lower lows, so traders start shorting into the weakness and then suddenly there is a move higher.
This is what chop does. One day you feel like you’re on the right side of the market by being short and then the next day, you feel like you need to be long. This is a confusing, frustrating state in the market
Check out today’s video as I walk you through how we fixed the problem…
Get the watchlists right. Get the structure understood. And the strategy comes next.
