"Large Direction" jejejej
almost a joke... I call on my scalping a "Large Direction" one that may last 10 minutes ﾃつ｡ﾃつ｡ but still its the large direction ﾃつ｡ﾃつ｡ because I trade the subcycles inside that "large directions" that some times dont get to 1 min of duration...
so this is scalping... not suited for everybody...
So Large Direction on this case will be presented very clearly by our "rainbow" indicator created out of vma`s... I just put two colors into it as I am only interested on the base magenta line and see momentum developments on the rest of the red area...
So even a kid can tell you on that chart where the large direction is going... very graphical, if we are above/below magenta axis band we are going up or down...
Nice thing with this rainbow is the momentum readings, when he expands its a healthy momentum, he becomes small, very low momentum (cycle conditions)... I recomend this series of videos on momentum discernment using rainbows
http://www.traderslaboratory.com/for...ps-2558-3.html as it explains how momentum works and how you can read it thru the rainbow...
so thats how we define our "Large Direction" ... cheers Walter.