[TinGull]

the 5min has given some great opportunities as far as the 30min range breakout failure that I play all the time. I'd say about 60% of the time I see that sort of candle. And I agree with notouch that the longer the time frame candle the more "reliable" it seems to be, but that being said there's lots of people that utilize candles on a 3min or lower time frame. I personally do not use candles on anything less than 5min. I still have a candle chart for my 1min chart, but I don't really watch the price action when I'm scalping, I tend to just watch volume and trade that.