Well in my 10 years of trading full-time I have to say that 1m-5m trading is for donkeys and will loss you money long term!
99% of new traders heads are filled with the "GLAMOUR" they think comes with these very short term trading methods. Not to mention greed.
You see they think all you have to do is sit down and follow a A,B,C method, do this do that on the 1-5 min charts and you will make a mint.
This is wrong, and over the long term I would put money on it that you will loss most if not all of your money trading the 1 min charts.
Now after saying that, I do trade 1m-5 charts, but I only do this on forex and not shares.
I do have my own methods for trading the 1-5 min charts which take other considerations from higher time frames.
Davie
Hi Davie,
Absolutely right, a 1min chart alone is a no go zone. speaking from experience.
I take into consideration 1,3,10,30 min charts, but always trade the 1 min with its indicators, the rest are identifiers of when to enter the trade with confidence.
James