5 min Chart Setup

Discussion in 'Trading' started by exce26, Nov 27, 2001.

  1. exce26


    What is your favorite charting study setup for 5 min chart?
  2. I prefer candlesticks, since they most effectively illustrate buying and selling pressures.
  3. CANDLEtrader: "I prefer candlesticks..."
    Why did I guess that?

    Candlesticks with a 20 sma and volume. I keep trying different additions but always go back to k.i.s.s.
  4. Moving averages are OK if the stock is already trending ... but many strategies can't use moving averages e.g. skyscraper set-ups for swings, tape reading for demand / supply imbalances.