5 minute chart and emini's

Discussion in 'Index Futures' started by increasenow, Jul 18, 2007.

  1. It seems that most daytrade the emini's off of the 5 minute chart...if you daytrade emini's...please explain WHY you prefer the 5 minute over the 1 minute etc...thanks!!
  2. Not too fast, not too slow.
  3. Industry standard, what we used upstairs.
  4. thanks...very helpful...please keep the replies coming...
  5. look forward to them...thanks!!!!!!!!!
  6. Judge for yourself

    <img src=http://elitetrader.com/vb/attachment.php?s=&postid=1536226
  7. I can see patterns off the 5-minute charts that I can't recognize in a smaller time frame. Further, if I'm trading the NQ, for example, I also keep up a 5-minute chart of the QQQQ as that can shed a little more light on the overall picture.
  8. I like what Bear said. It's a good speed for daytrading.

    I found the 1 and 3 minute too noisy and also required immediate decision making and constant monitoring. The 5 provides you some time (not a lot) to analyze your market and make a decision. And while it's still noisy at times, not nearly as much as a 1 or 3 in my opinion.

    I also like candlestick analysis and found it to be less reliable on a 1 or 3 as well.
  9. thanks everyone...this really helps!
  10. Candara

    Candara Guest

    1 min chart seems to be nothing but noise for me.
    #10     Jul 19, 2007