ABLESYS - WINTICK

[Ninja_On_The_Roof]

This might be already posted, if I recall correctly.

But just in case, someone still wants it.

https://workupload.com/archive/7ZK5wxJAAk

Thanks.

[Ninja_On_The_Roof]

Apparently this is a winning piece of software according to their website.

To me, it is just the same as Hawkeye.

[Traderbeauty]

its a great tool for trending markets not for a choppy sideways areas.

its not bad at all, you should keep it on the side of your screen so you can make sure you are at the right side of the market.

its also a wonderful tool for scalping depends what time frame you are using.

obviously they only show you the nice section of a chart where you could even trade just with a moving average lol.

if you try to use it on a sideways section you will lose your butt because by the time you enter- the market  already changed direction.

but again- i think its a very good tool and if you combine it with mpace and xpace of mbox ( you can get it from brokey ) then you have an amazing little system.

just my 7 cents lol

Traderbeauty Jane

[⭐ aotegaoteg]

Cna you recommend any tools that is good at spotting choppy sideways markets?

[Ninja_On_The_Roof]

Just use the drawing tool and draw a box🤪

[⭐ aotegaoteg]

Markets are typically in a trending or consolidating state. Trends are straightforward to spot, but drawing a simple box around price during consolidation is where most traders get wrecked, due to false breakouts, 
and these are where the deadly traps are often set.

Conversely, by the time price confirms its direction, it's often too late to 
join without having been caught earlier. The other scenarios are, if your strategy is to wait for a pullback after the price has confirmed the direction after the consolidating state you cannot be certain that price will not reverse entirely after the pull back.

I've yet to find any indicators that reliably combat all these scenarios without trapping you in a trade. Meanwhile, the professionals are building their positions during the consolidation state i believe ideally this is the time to buy or sell in small quantities, and after the direction has been confirmed, its best to add to the position as the trend develops.

 

[⭐ ajeet]

15 hours ago, aotegaoteg said:

Cna you recommend any tools that is good at spotting choppy sideways markets?

you can try Darvas box, chop index, bollinger squeeze, etc.

[LoneBladeRGC]

15 hours ago, aotegaoteg said:

Cna you recommend any tools that is good at spotting choppy sideways markets?

The BSG Vwap is pretty good at that. It's designed to trade like that. 

[Ninja_On_The_Roof]

1 hour ago, aotegaoteg said:

Markets are typically in a trending or consolidating state. Trends are straightforward to spot, but drawing a simple box around price during consolidation is where most traders get wrecked, due to false breakouts, 
and these are where the deadly traps are often set.

Conversely, by the time price confirms its direction, it's often too late to 
join without having been caught earlier. The other scenarios are, if your strategy is to wait for a pullback after the price has confirmed the direction after the consolidating state you cannot be certain that price will not reverse entirely after the pull back.

I've yet to find any indicators that reliably combat all these scenarios without trapping you in a trade. Meanwhile, the professionals are building their positions during the consolidation state i believe ideally this is the time to buy or sell in small quantities, and after the direction has been confirmed, its best to add to the position as the trend develops.

 

I didnt think you would trade out of it. It was just a quick visual to see if market is in range bound or side way.

I believe, if I remember, the RightLineTrading has an indicator for spotting consolidation.

Edited 47 minutes ago by Ninja_On_The_Roof