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If price is in a strong consolidation market (tight range and very choppy) and you start to have many false signals, then the common mistake people make is trying to zoom in on price.
You need to do the contrary. You need to zoom out on the price. Meaning, go to higher time frames 60min, 4h or day charts.
I hear you thinking that automatically the effect of this will be hardly no trades or maybe no trading at all...
Indeed. In this market one needs to prevent of taking to many losses. In normall conditions the lower time frames have already the tendency to have to much noise. So thats why you go to 30min. To have not so much noise.
In this strong consolidation market the noise on the lower time frames is even bigger then normall. With a lott of small losses as result wich ad up to a big loss at the end of the day.
So don't try to earn money in this market, try to escape to many losses. That on itself is already a skill.
regards...iGoR
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