To me, "Market Constant" is the key ingredient for obtaining CONSISTENCY in our trading strategy. Anyone who has ruled out the use of lagging technical indicators and oscilators already (and perhaps unknowingly) understands this not-so-complicated theory. Markets are always organically changing every tick. New tick equates new element of information. How can you device a trading plan or a strategy when everything you see on chart changes its value after a new tick arrives? My simplistic interpretation is.....YOU HAVE TO BECOME THAT CONSTANT IN THE MARKET. YOUR STRATEGY HAS TO BASED ON THOSE CONSTANT PARAMETERS. My constants are simply dots in my spacial analysis to generate a signal. Its a just-in-time snapshot of a frozen element which remains unchanged forever after that snapshot is taken. Its the point of reference!
Just my simplistic mind tells me to do what is universal and neutral in ALL markets and across All market conditions. PipEasy has also covered this in the millipede thread.
EDIT : Just to add a bit more...the most important element of "TIME" for me is not for entries or setups but for Exits! I am of the camp that exits are more important than entries. The most important aspect of any trading strategy is to have a robust set of rules on when to exit as that is when you make $$$$. And knowing when you are right and when you are wrong is absolutely critical. That is the only reason why I incorporate timeframes in my strategy and why I track each trade based on which timeframe I entered.
Just my simplistic mind tells me to do what is universal and neutral in ALL markets and across All market conditions. PipEasy has also covered this in the millipede thread.
EDIT : Just to add a bit more...the most important element of "TIME" for me is not for entries or setups but for Exits! I am of the camp that exits are more important than entries. The most important aspect of any trading strategy is to have a robust set of rules on when to exit as that is when you make $$$$. And knowing when you are right and when you are wrong is absolutely critical. That is the only reason why I incorporate timeframes in my strategy and why I track each trade based on which timeframe I entered.
Staying in my lane...
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