Yes, or discretionary because you have system trading signals, maybe multiple and you wish to pick & choose.
Two exact entry signals. The PA context in which the signal occurs determines whether I would take the entry or not. Then you got volatility. Then you got volume. Pick and choose? Yes, do it all the time.
His reference to two leg pullbacks on a 5 minute chart but with no backtesting or trading plan indicates he has become an Al Brooks devotee and is looking to trade H2 longs and L2 shorts.
IMO, It does not make a difference on timeframe, 10 minutes or 5 minutes. I prefer the 3 minute, but i also look for confirmation FYI: I am a not a profitable consistent trader, yet! Just offering logical reasoning.
padutrader, I admire your for starting over and posting your traders and your outlook. I am intraday trader myself (not profitable yet, still testing, practicing, studying, staring, working on a adaptable trading plan) and still working at ti. I know these post from other member may seem harsh, but man, take their opinions and suggestions and recommendations and use them towards your advantages to learn. IMO, and what I am learning, you have to be confident in how you trade and ready to defend your way of trading and you have to be confident in that what you are doing will make money over time. Mistakes will happen, and don't let that discourage you, but you understanding your style of trading and using the journal to hold you accountable to your style of trading, than that's a good thing.
Requires real-time cognitive ability which only comes with experience. Buying a system rarely works....or does until it doesn't at which time the buyer has no clue what to do.