Concepts... when you trade you must trade concepts...
Concepts are above any chart, indicator, time frame, instrument or subjective opinion...
You are not trading an indicator, but yes the concept... the indicator its just showing you, in an easy understandable way the concept you are trading...
So its not about becoming indicatorist, but more conceptist ( in my personal language
)
So whats the concept the chimp fulls always arround ? well he likes the idea of centrifugal and centripetal action... the axis is the average of all price action, and it would not be axis nor average if it wouldnt have comes and goes in a rejection/refreshing fashion...
If you add to that the fact that the market is formed by cycles and that he takes little brakes on each move... then you have a very simple
centrifugal morfology to start from :
with that said you have the basic premise to elaborate on a "scalper" centrifugal concept... the scalper wants to play "each" one of this "sub cyles" that happen inside a larger move as its moving outwards from the axis :
So what info we need to put together our centrifugal concept on the real world :
_Direction of the large move
_Perception of the pauses and continuations (Pullbacks and entries)
thats where optimization may come into place whehn I recognize the fact that advanced indicators can give you an edge on detecting this concepts more easy...
For the
Centripetal concept, we have a phenomena called exhaustion, where the market wants to get back to the axis...
He starts showing signs that the bigger cycle is making an inflection back to the axis, and my strategy now is to play on that new direction...
You have to be open-minded... cant get enthusist only with one particular direction, because it will change...
comes and goes, every other day... over and over again... thats it...
How can we see that... well check my previous threads and you will see "one" way to see it... now on this new thread I will present "another" way to see it... but basicly the market is one, its the same thing... just diferent tools to see the same thing... something similar is happening on the forex research, there are a variety of ways to see the same thing...
basicly I believe in confort for trading, you have to enjoy it and feel confortable, some good smooth music behind... little stress , pure joy... the way you see this concepts can be many... find the best that suits you...
I will present here "another one"... nothing new really... just "another one"... cheers Walter.