Wednesday, May 16, 2012

The Bigger Picture: 5-min /tf

5 minute candle chart of /tf reveals all   

And as an additional note: Here's what I should have been focusing on.  The early ramp in /tf led straight to the current resistance area...   

Once the market broke down... it went straight to the very lows of the European session for a full rainbow...    This is natural action in a bear market. 

Always start with 5-minute candles or wider before moving to 1-min candles.  In fact, it may be that one could successfully trade with only a 5-min candle chart. 

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