Trend is a function of time and why? In my opinion, majority traders succeed accumulating wealth through cpo futures trading because they managed to catch good trends which they always patiently waited for a right timing to maximise their profit.
Therefore, timing is a main important skill you need to sharpen it with discipline and take a period of time to gauge trading experience on futures products. For example, Daily FTSE Bursa Malaysia KLCI ( FBM KLCI ) chart with indicator like RSI had repeated same pattern of trend in July 2006 and July 2010 which many still missed such a trend.
However, the main topic here is since you miss a trend and how you are going to deal with it. FBM KLCI this round has been run up more than 3 months and if you based the bar chart with indicator, it has long overdue for a 'sharp correction?!' even though now is hard to judge how low will it go as it needs to be monitored on every day especially on the closing price to confirm its correction.
Here it may be a opportunity to sell better than buy now where the risk reward is much better if you count on the daily bar. Daily bar had also been run more than normally a trend go which mean now is time to ride on the correction trend to accumulate wealth.