Wow I'm amazed at how many 1 min chart users there are here (including myself). I thought most daytraders would be using 3 mins.
Interesting point on forex which echoes what I've heard from other currency traders. In contrast to stocks and stock indexes, I've noticed that intraday forex (spot and futures) does not have reliable technical patterns on the faster time frames ... 1 min, 5 min, 15 min ... requiring a slower time frame like 60 mins or longer. It seems odd for the currency markets, with so much trading activity, to behave so differently from the other markets on these faster time frames. Any thoughts on why this occurs?
hmmm, you better start to look better, there is noise in smaller timeframes, but there is the occasional diamond too. I use 1/2/3/5/15/30/30/240 min charts in forex. They all give me clues.