15m is more in day-trading territory. Most scalps are well under 3-5 min. and many of my stock scalps are well under 1 min. As a scalper & short-term day trader I don't often use the 15 min. except when I want to get a longer-term picture of trends. 17 ArchdukeOfNorge • 3 yr. ago So you use 1 minute charts then?
5 Minute Chart. The 5 minute chart is the most popular time frame amongst day traders. This is because 12 candlesticks per hour are manageable for trading manually, and it is the perfect mix of a fast day trading time frame like the 1 minute chart and the slow 15 minute chart.Minimum periods of %K and smoothing lines are ideal for the 5-minute chart. Usually, traders use (5, 3, 3) settings. They help get a sufficient number of signals, most of them are useful. (7, 3, 3) parameters are used less frequently.
A five-minute chart tracks price movement in five-minute increments. The five-minute chart isn't less volatile than the one-minute, even though the chart may appear calmer. Each five-minute bar is equivalent to five one-minute bars. The one-minute chart may appear more erratic, but that's only because it reveals more detail about trading.If you are trading with 15-minute charts, be mindful that a sharp counter-trend move can occur at the close of a 5-minute bar. Remember, a close at the high or low of a 5-minute bar is a potential indication that a minor reversal is in play. Maximizing Profits today as we Day Trade the Stock Market! Talking about the 15 minute chart and why it's so important to identify support and resistance for your profit targets. bt21bD.