Hi Ed,
I personally found that I got whipsawed quite a bit trying to trade off that small of a time frame. Sometimes it is helpful, as in Db's recent post. There you see the demand, where on the 5-min chart it looked like supply. Most of the time for me, however, the 1-min chart appears better than it is. It took a long time for my mentor to convince me that the 1-min was too ephemeral (I was very stubborn
). I kept thinking that the finer time frame let me "see" more and give me better
entries and exits. But I finally learned that, for me and my trading, a higher time frame is much better. Others may have a different experience, and that's great.
Eiger