%% HIT ''reply '' lower right side bottom area of page. Assume thread is still open.Keep it simple + skilled
If you click this link and the link embedded in that one... it will get you to post #15 in that thread, and your answer. https://www.elitetrader.com/et/thre...eekly-and-monthly-charts.366116/#post-5571225
Setups on 5 minute charts - do they perform the same on 60m charts and onward to Daily, Weekly and Monthly charts? I don't believe there are no dissenters on this question. C'mon. Let's hear from the other side. Is there less noise in a Daily setup? The chart that prompted this shindig is linked below. This thread was started so there'd be a link for Day charters who are sweating and trying to see past the right edge of the screen. They can peruse here and maybe consider that there can be a better way to learn how to trade Price Action (PA). They can also maybe find out why Day charts are better. Still waiting for some input from those quarters. Imho, a 5minute chart can teach the lessons of a setup sooooo much faster than looking at a Day chart setup and waiting oftentimes for weeks and freakin' months just to live through some follow-thru. Even if one only commits to one hour a day for learning PA, on a 5 minute chart you can live through the thrills and spills of a hammer at SupportResistance setup/trigger before you finish your smoothie. What's not to like about that. Badda Bing Badda Boom. Next case. Gettin' bored watching that 5'er, shake it on down to a 3, a 2. A hammer at support on the 2 works like a 5m, like a 30m imho. The footprint of the setup may be different, the measured moves may or may not be different. Stands to reason, no? Still in a trade and your hour is up and you wanna split? No problemo, use a bracket trading tool, get up and hit the links, walk the dog. It's all good. "Bracket Orders - Could Your Trading Method use them?" https://www.elitetrader.com/et/threads/bracket-orders-could-your-trading-method-use-them.349950/ https://www.elitetrader.com/et/threads/this-chart-could-be-either-or.366127/