Just speak your mind if you have an opinion. What I'm saying is most setups are marginal. When everything lines up in all time frames is rare, very rare. So anything less is a compromise. I remember trading in September of 08. There you had everything lined up for a brief time, except you still had the long term uptrend in stocks which eventually came into play.
Nope. You take on a risk because you're of the belief (right or wrong)... that the market is going up from here or down from here... RIGHT NOW. Otherwise you wouldn't put your money at risk.
Maybe your right with some traders, but I've learned over the years that I lose BIG when it comes to certain "days". These "days" have a different price action...in fact at times I wouldn't even call it price action. Now, all the rest of the trading days I'm completely OBJECTIVE.
I guess I just see multiple time frames operating at the same time. So I might see a setup on a five min but pass because of the overriding trend, which is counter.
I would say that the Canadian dollar, and crude right now for that matter, are caught between longer and shorter trends. So you have setups both ways, in different time frames.
When I have time frame conflict, I take the direction of the longer term tf. I will look to either divergence or a hl (lh) on the lower tf in the direction of the trade for entry.