Your on the right track, after all those years! The ET crowd should straighten you out.At least what, partially, happened to me.
హలో Padutrader, In your previous incarnation last week as TraderGOD you were a 1 minute man, now a 5 and 30 minute man. No problem, it doesn't really matter. I think what Electric Savant is suggesting is that whatever time frame you ultimately settle on or whatever indicators you choose to use, simply test that from the time of your entry point/signal there is a greater MFE than MAE. Doing this is a good preliminary test for trading system development. From that point you can do further testing to see if either fixed time or volume increments from the entry signal confirm the positive MFE/MAE ratio.
On a day like today (SPX down 50pts, -1.7%, VOL popping from 14-ish at Friday close, to breach 20.00), it's important to note that the "rules" posted in the OP lack any specifics for position/risk/money management. They are long on entries, and way short on exits. It's pretty typical, but still sad to see. If we're grading, I'd give it an "F".
The market is never wrong. Regardless of your bias the market will move in the direction it wants. Better to trades based on what the market is doing rather than what you believe it should be doing.
Correct, which is why we don't make money by "beating the market", we make money by agreeing with the market...by being in synch with it.
I think it is not about "hard enough". You should first know what you should look for. If you look at the wrong thing you can look all your life and will never see anything.