Considering that there's only approximately 6 hours (or 6 hourly bars) in a trading session, it's not practical to daytrade using 1 hour chart. Using 4 hour chart would be suicidal. You must remember that, by definition, daytrading is closing any open trade(s) before the close.
Problem with cheapie premkt gainers is inconsistency.... pop n drop, halts etc I like high volume high volatility etfs like KOLD/BOIL, SOXL/SOXS etc
MANU hit my scan on volume,...will be watching for the set up..... the pink bars are color coded that reflects meeting my scan conditions
I agree 100% - Hence why i generally don't trade them. 30min range breaks from the open is my preferred weapon for the volume scans
I agree, good point. These are the kind of answers and confirmations I am looking for. They help build perspective.
Yes when I ask a question about cryptos amongst the crypto forums I'm often it with the, "well you have to do the correct analysis" arguement. Then proceed to ask them what that is and nobody answers. I do admit though that on the less popular cryptocurrencies they are highly manipulated, and trading signals just are not reliable at all. It is the exchanges that are the problem. There's so much intervention and algos running on these dodgy exchanges that I simply don't trust trading the lower alt coin cryptos anymore. Equity market signals are far more reliable in my opinion, thankfully!