- in Uncategorized by schooloftrade
Day trading strategy for CHOP ZONE Sideways Low Volume Flat Markets
– Chop Zone Trading
o Is the center 1/3 of the sideways range
Define the range with double-tops and double-bottoms
Auto-levels indicator does all of this for me!
o speed analysis in the chop zone
o divergence
o how we make money with chop zone
– So why can we buy/sell the breakouts, but you say we don’t sell the lows? We don’t buy the highs?
– What is the Fast Track?
o The goal Is simple:
Teach you patience
Teach you the patterns
Teach you the rules
Teach you to handle losses
No trade management means easy trading
Use limit orders for your entry, so no missing trades!
1:1 risk/reward ratio which is perfect for a new trader who we assume has a smaller account and more likely to make mistakes
– What is your entry trigger?
o Fast track = I use a standing limit order
o Day Trader = identify a level of interest and then wait for the break above/below that level to trigger the trade.
o Swing Trader = identify a level of interest and then wait for the break above/below that level to trigger the trade.