We got 3 lucky nice trends to the downside, and this is only because right now we are on a strong downtrend.
When it's not trending beautifully, it is ranging hardcore, you get nothing. No indication. Just fake breakouts here and there.
How would you like to trade trends on this 15 min chart? It is ranging, trending, up, down, ranging, trending, ...
Now, many books, people, big traders, say that the market is ranging 75-85% of the time. I believe it does on the small timeframes.
If you are trying to trade the 5 min chart and you have a strategy that goes long when price is over the 200EMA and you filter trades based on RSI, I can tell you right now that you will have a lot of bad trades, and once you have a good one, you won’t know where to stop/take profit.
The other thing that you should understand is the smaller the timeframe, the shorter the length of your trades. This means also, that if you risk 1% of your balance and you manage to get like 3 or 4 times your risk (as a gain or profit), I think it is a good idea just to take profit. Can it go higher for more profit? Yes absolutely, but the probability is just SO low, because we are on a small timeframe.
Small timeframe = not reliable.