Assuming you are developing a trading system with rules and multiple buy and sell signals. And thinking that an easy looking trade, that made a good profit, is consistent with the trend. This is only true sometimes. What it comes down to is enough confidence in your system to let the price move against your position further than you would like, because the trades opposing the trend have a habit of whipsawing you.
This is why people can't agree because of the limited bandwidth of a forum. Sure on a 5 minute chart, yes. Try a 1 minute or 30 second. The OP is a short term holder. I don't think many use the 5 minute for short term. Not enough feedback. Also per my comments @ 10:30 is when a lot of short term traders quit for the day. Every system requires different thresholds for "trending". It is all relative to the system: entries, exits. Not trying to argue but explain the suggestions. Of course, ST, good clarification point. And of course not a dumb comment like some people beating a dead horse. I'm done here. Code compiled.
Okay that's fine if you think 2ndary indicators are meaningless. I tend to agree. I don't really use them either. But the rest of your post is rather general. Are you suggesting one doesn't need to know if a market is trending or ranging in order to trade it successfully?
I think I understand what you're getting at. You don't think identifying whether price is trending or ranging is that important. Just knowing your setup has appeared. Is that what you're saying?
That's correct. I my world the price is always trending. Sometimes it's just resting but resting doesn't change the trend, although it will change your technical indicators. Try setting up reversals for good signals that tend to blow up in the opposing direction. The signal failed almost always because it was a trade against the trend. You may even make a profit on fast moves, while learning.
A trader definitely needs to reasonably know the current and future framework market environment. Otherwise they are just guessing gambling...and are likely to get gambling results in their account. Put yourself in a favorable market position of understanding to likely win. Scalping is really dumb in my opinion...you should really try to understand greater movement within the intraday environment Trading is a journey expedition not a single destination goal...don't expect to magically understand everything in one post or process
Hello Dollardogs, Worrying about scam and fraud trading words like trend, ranging, reversal is stupid, dumb and a waste of time. Create your own way of Making Money in the futures market. Forget all this stupid trend, range and reversal bullshit. Those words trend, range and reversal was made to Scam people out of money.