Looking at the 30 min charts for the overall direction the
waiting for 5 min bar to close above or below the last two bars
then entering if the stochastic is right on the 1 min bar (not in choppy areas
but after clear double tops or trendline breaks:
Especially to lower the risk the 1 min chart becomes handy:
Plus the 1 min charts overlayed with the entry signals from the 5 min chart gives a good
understanding what the market is doing at the moment:
When looking at two similar market 1 min signals become even clearer:
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