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What are other's thoughts about this:
Sometimes, when a trading range is getting bigger, it seems that the smaller timeframe (5min) is getting more and more confusing, with more entry points at third or even fourth entry, or "alway in long" for a short timespan, then reversing. When do you decide that it's time to switch to 15min for example to get a more adequate image of price action, as I try to do most of the time this happens?
I seem to have difficulties exactly at those times when these transitions occur (as it was the last weeks with EURUSD). For example thinking in Trading-Range breakout when short term it is trending, and thinking in trending when the range is just growing bigger?
Is switching timeframes a valid solution for you, or halting trading decisions. Do you scale down in position size in general at those times, or trying to make even longer scale-in procedures?
Sometimes, when a trading range is getting bigger, it seems that the smaller timeframe (5min) is getting more and more confusing, with more entry points at third or even fourth entry, or "alway in long" for a short timespan, then reversing.
Yes, confusion is the hallmark of a TR.
When do you decide that it's time to switch to 15min for example to get a more adequate image of price action, as I try to do most of the time this happens?
You won't take a more adequate image, just another image. If you go back and forth you will get confused and, as you ask yourself, when to switch? What in hindsight looks easy in real-time is puzzling.
I seem to have difficulties exactly at those times when these transitions occur (as it was the last weeks with EURUSD). For example thinking in Trading-Range breakout when short term it is trending, and thinking in trending when the range is just growing bigger?
I think the answer is in your own words, don't switch and trade the chart in front of you accordingly.
Is switching timeframes a valid solution for you, or halting trading decisions.
If at any given moment one chart puzzles you, why two should help? I think it adds up to the confusion. TR PA means confusion so use this feeling to drive your trading and, if it is not clear, stay out until clarity returns.
Do you scale down in position size in general at those times, or trying to make even longer scale-in procedures?
Even tho big TR should give stop entries, they usually don't so, if you can't trade with limit orders, why not just waiting?
Thank you for the very quick and detailed response. I still need more experience to really start enjoying trading ranges. I'm doing really well trading Breakouts and measured moves, but if it is ranging a long time, the confidence in taking trades is fading. I really need to adapt the "don't care position size" attitude better while still learning.
