Hammers in Hindsight Work!

[james_gsx]

The advantage of VBCs and candlesticks is you bring volume into the equation. There are definitely pros and cons like brownsfan said, and you really do have to find your niche with them. Ultimately I have gone through plenty of time frames, and I consistently see the clear candlestick setups on the 15, then broken down into the 5 and 3.

[brownsfan019]

	Quote:	james_gsx
	The advantage of VBCs and candlesticks is you bring volume into the equation. There are definitely pros and cons like brownsfan said, and you really do have to find your niche with them. Ultimately I have gone through plenty of time frames, and I consistently see the clear candlestick setups on the 15, then broken down into the 5 and 3.

I agree 100%.

I really like the 15 minute by itself for daytrading. Keeps the amount of trades reasonable and able to go for larger profits.

[btrader2]

Thanks James and Brownsfan for your observations. I wanted to know how you guys from the Candlestick Corner felt about these. Candle "type" identification is not yet a written part of my strategy but I may set up a 15 min as another HTF and see how it goes. My LTF (e.g. 1500V for NQ) stays a VBC as I feel I have a niche.

[james_gsx]

Well setting up a 15min chart is worth at least looking at. Whether or not you trade it from it is your own decision, but I wouldn't put down the opportunity to look at it. You never know, it could be way too boring for you, or you could love it.