Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated:
1
00:00:00,000 --> 00:00:12,000
Chope market. A chopi market or indecisive market is categorized by price moving up down and all around but with no visible rhythm.
2
00:00:12,000 --> 00:00:24,000
So if you cannot identify if the market is in a sideways market or trending market, that means the market is in chopi environment.
3
00:00:24,000 --> 00:00:35,000
So in a chopi market condition, it is really hard to find trading opportunities because the market doesn't give you any clear direction.
4
00:00:35,000 --> 00:00:46,000
So it is advisable to stay away from this kind of environment and get back when you see a clear direction.
5
00:00:46,000 --> 00:00:59,000
Alright, so let's have an example. So British pound daily time frame. So from the left side of our chart, we can see that price may be lower low and then lower high and then lower low.
6
00:00:59,000 --> 00:01:15,000
So at this point, we can assume that probably we are going to move to the downside. Right. But the market may be new high and then a higher low and then a higher.
7
00:01:15,000 --> 00:01:28,000
So at this point, we might be thinking that the price is going up right because we can see a series of higher highs and higher lows.
8
00:01:28,000 --> 00:01:38,000
But then price may be lower high and then a lower low. Right. So at this point, the market is really indecisive.
9
00:01:38,000 --> 00:01:50,000
Okay, and we should stay away from this currency pair. Okay, because it's really hard to find good trading setup.
10
00:01:50,000 --> 00:01:52,000
Alright.
11
00:01:52,000 --> 00:02:01,000
Another example, Swiss franc japan is a tower time frame. So we have a lower low, lower high, lower low.
12
00:02:01,000 --> 00:02:11,000
So we can assume from from from here, right at this point that possible we create a lower high and then lower low.
13
00:02:11,000 --> 00:02:21,000
Right and move to the downside. But suddenly price breaks through this previous lower high and may they knew high.
14
00:02:21,000 --> 00:02:37,000
And then made a lower low and then lower high and then lower low. So at this point, so at this point in time, you might be thinking that the price can still continue to go down. Right.
15
00:02:37,000 --> 00:02:58,000
Because we have a series of lower lows and lower highs. Okay. But what what the market did was create a new high, a higher high and then a higher low and then a higher high.
16
00:02:58,000 --> 00:03:08,000
Okay, and then suddenly price move to the downside aggressively to create a lower low.
17
00:03:08,000 --> 00:03:19,000
So as you can see, we really don't have a clear direction. Right. So this this currency pair is in choppy market condition.
18
00:03:19,000 --> 00:03:33,000
So what we have to do is to leave this currency pair for a while and find other trading opportunities in other currency pairs. All right.
2960
Can't find what you're looking for?
Get subtitles in any language from opensubtitles.com, and translate them here.
Afrikaans
Akan
Albanian
Amharic
Arabic
Armenian
Azerbaijani
Basque
Belarusian
Bemba
Bengali
Bihari
Bosnian
Breton
Bulgarian
Cambodian
Catalan
Cebuano
Cherokee
Chichewa
Chinese (Simplified)
Chinese (Traditional)
Corsican
Croatian
Czech
Danish
Dutch
English
Esperanto
Estonian
Faroese
Finnish
Galician
Georgian
German
Greek
Guarani
Haitian Creole
Hausa
Hawaiian
Hebrew
Hmong
Hungarian
Icelandic
Indonesian
Irish
Italian
Japanese
Kazakh
Kinyarwanda
Kirundi
Kongo
Korean
Krio (Sierra Leone)
Kurdish
Kyrgyz
Laothian
Latin
Latvian
Lithuanian
Luganda
Luo
Luxembourgish
Macedonian
Malagasy
Malay
Maltese
Maori
Mauritian Creole
Moldavian
Mongolian
Myanmar (Burmese)
Montenegrin
Nepali
Norwegian
Pashto
Persian
Polish
Portuguese (Brazil)
Portuguese (Portugal)
Quechua
Romanian
Romansh
Russian
Samoan
Scots Gaelic
Serbian
Sesotho
Setswana
Seychellois Creole
Shona
Sindhi
Sinhalese
Slovak
Slovenian
Somali
Spanish
Swedish
Tajik
Thai
Tigrinya
Tonga
Turkish
Turkmen
Ukrainian
Uzbek
Vietnamese
Welsh
Wolof