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avatar of @dagger212
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@dagger212
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First of all, trading on a 5 minute chart is a very good way to lose money. If you're looking for patterns on that short of a time frame then you need to be in and out of trades in minutes, not hours. You also need to use leverage to have any chance of making any money. And, of course, with leverage you can get rekted in a hurry. Thus, why you don't trade a 5 minute chart and stay in trades. Find the patterns on 1hr, 4hr, daily. 5m, 15m charts can help you time an entry but you need to spot the entry on the longer term charts before you get that far.

I was very entertained by your article however. Good job!!! :-)

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