there isn’t a lot of price movement until after 3:30 when price forms a daily chart high. Then price retraces down to form a lower low about 3:34, then price moves back up and at about 3:42 forms a lower high. That’s the first lower low and the first lower high. It then continues down to form a second lower low about 3:45 and lower high about 3:48. I would have probably shorted at that little pullback up about 3:43 and if not, then I would have shorted on the down move from the second lower high .i have the advantage of seeing this chart after the fact, but the lower lows and lower highs would have alerted me to possible shorts in real time. toucan
why do not help others like i am doing......i am not charging or making fun of others like you.....i am discussing with others and YOU what are you doing?.AT LEAST WAIT QUIETLY AND SHUT YOUR MOUTH
what is the point of making profit of 1-2 ticks? it is suicide. even 5 min is terrible and 95% of traders UNTIL THEY ARE PROFITABLE with a longer time frame should not even dream of 5 min. i was profitable with daily-holding for weeks and months and so decided-since i had so much time-to enter 5 min. if you are not making money with longer time frame.......well i think you have all seen how well i am doing and how long it has taken me to come to here....more than a decade!
please judge the advice like a matured human being do not look a gift horse in the mouth......but do not jump on it in a hurry. and mine is NOT original it is Brooks whom i love..... but 5 min should be handled in the same way you handle an crude bomb
padu: I don’t trade using 1 min charts and I don’t trade stocks. You are probably correct in that it is very hard to be profitable using 1 min charts. Having said that, there is some logic about using shorter timeframe charts to trade for smaller moves (definitely not 1-2 ticks) using more shares/contracts. cheers toucan