DislikedHello all, I've been meaning to get back into price action trading and posting some positions here after a break and some severe disillusionment with the markets. Now with fresh eyes I'm even questioning how to identify the trend for a pair. As I see it, the trend you pick up on for the big boss/boss/worker is wholly dependent on whether you're looking at a week, a month, a year, or 10 years of data and a directional bias for a year's worth of price of action means absolutely nothing when 6 months or 2 years gives a completely different trend. It...Ignored
as has been written many times, start from the first page on each thread ( I still havent finished the first thread myself) and it will start making sense.
You can identify a trend on the timeframe that you are going to work at(taking SR from higher frames) and just trade what is happening right now, and on M5 quite literally right at that moment by jumping in on an established trend.
big boss/boss/worker is mainly monthly/weekly/daily charts
all this going back to 2013 has almost nothing to do with a trend that is going on recently on a daily timeframe.
By the way M5 is not fast and unforgiving at all , once you get used to it. maybe that is not a timeframe you feel comfortable with