Best/useless Indicators/studies for 1min and 5min?

[JMowery1987]

Quote from jtnet:

what indicator in ESIGNAL is price action and how do u use it? -j

Why not ask the wonderful *cough* staff at eSignal, you might get an answer in a year or two.



No but seriously, I look at price, and I trade price. I don't trade based off an indicator specifically to determine entry. I look at price to determine my entry, and I use other indicators, like moving averages and S&R to determine my R/R and such.

 

[jtnet]

Quote from JMowery1987:

Why not ask the wonderful *cough* staff at eSignal, you might get an answer in a year or two.



No but seriously, I look at price, and I trade price. I don't trade based off an indicator specifically to determine entry. I look at price to determine my entry, and I use other indicators, like moving averages and S&R to determine my R/R and such.

i am a micro-scalper learning&trading , trying to get whatever chart stuff i need setup. I use pretty much just the 1min chart. do you use the open book and level 2 for print and etc a lot.

what kind of stocks are you trading these day?

 

[Holmes]

all useless on one minute

:eek:

 

[Batterup]

The one minute time frame is useless in trading (great for brokers raking in commissions). Teen age boys getting their first jump is usually a done deal within a one-minute time frame, but for trading futures like ES the best time frame for a daytrader is the 5 minute. When daytrading play with the same deck the others are using.

Have fun today.

 

[FastandFurious]

parabolic SARs can be helpful when you integrate it with other indicators. They can clue you in on entry/exits.