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Re: Which Moving Average on a 5min Chart?
Soultrader,
I look at the 1 3 5 minute charts simultaneously, while also being cognizant of what the 240 60 30 15 minute charts are all saying. It is amazing how parallel channels complete with such symmetry on these longer time frames. And therefore I am constantly drawing trendlines on my charts throughout the intraday. I also watch market internals and now, with Market Profile with Daily Pivots, I seem to be more aware of the playing field and I have reference points to play off of now. I am still not profitable with consistency but I know I will be there soon. Watching and listening to you Soultrader, is taking me further toward this goal.
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