Last night I translated my latest one-minute setup to a five-minute context, and when I opened my charts this morning, was profoundly struck by the clarity I felt I was viewing (not pictured). Scripture warns against making the mistake of thinking “my power and the might of my hand have gotten me this wealth,” so as I make plans to use whatever insights I’ve gained in the last six months to once again begin trading a live account, I am cognizant of the wisdom of not being too impressed with myself, and I also recognize that whenever I suspected I had arrived at a final configuration in the past, my suspicion turned out of be false. Nonetheless, what I saw this morning convinced me that it is impossible—for me at least—to trade with maximum precision using anything greater than a five-minute chart. I think I’ve written in the past that I conceive of the way I arrived at my approach to trading as tantamount to running thousands of computer models to compare how closely each of a wide variety of moving averages came to reflecting price’s ultimate destination—singling out the one best moving average for correctly discerning where price is going with respect to a specified time frame...and there’s just no two ways about it! If I want to see where price is initiating a short-term reversal, I need to be looking at a five-minute chart at the most. I'm hoping that doing so while simultaneously noting the longer-term trends will allow me to set relatively tight stops, and in turn, improve my thus far feeble reward-to-risk ratios.