When you and Jimmy are talking about ranging vs trending, what time frame are you talking about? I find that I'm having success even if higher time frames are consolidating/ranging, therefore making M1 have these miniature trends. At least enough of a trend to scalp using the coral and trix. The only time I stay completely away from M1 is if coral is flat and it is in a tight range. I'm loving this method!
DislikedHi Jimmy,
Glad it is proving interesting. I have not looked at using it on M1 myself, but should work. I did hear of someone using tick charts for market direction who only traded when the 1M noise filter gave the OK.
For the longer TF trader the ADX figures are very useful.
As you probably know on average a currency pair is ranging for about 70% of the time and trending for only about 30%.
If we add that a good system like THV is about 70% accurate in a trending market, you can see how important being able to identify a trending market...Ignored