I took an daily automated option system and made it 5 minute timeframe trading ES, working on risk management to fine tune losses, but surprisingly profitable trades have a few home runs on average on this timeframe. I never been able to consistently get larger profits on less than 60 minutes. Trading more fun again with new "toy".
I was wondering if anyone had thoughts to share on why the 5 minute charts are the most popular, and evidently, the most useful for technical intraday trading...
5's and 7's are clearly the most popular intervals, with 5 minute, 60 minute, daily and weekly as being the most used.