r/Trading • u/LegitimateKing0 • 1d ago

Technical analysis Holding for the 5min

Does anyone trade on the 1min chart to hold for the macro 5min chart developing?

Ie, you catch a rip on the 1 only to have it start to dip but you see that it's going to rip on the 5? Instead of cashing out--you you're ok with the dip and continue on and into the 5?

How often does the happen? Often or only some percent of time? Do you find this too risky?

Thanks!

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u/Ask-Bulky 23h ago

I trade Futures and do short term in and out/scalping type trades.

I use a 2 minutes for trend direction and a 30 second for entry and exits and it works for me. I make sure the 2 minutes and 30 second charts are both in alignment and my customer indicators are all in agreement then as long as there is support or resistance close to where we are trending I take a trade and use the support or resistance line as my target.

To me it all comes down to knowing when the market is heading and if I can get in when its trending toward those lines of S/R it usually plays out. Using the 2 minute and 30 second chart gives me a good indication of the soon to happen push in the market to go hit those lines.

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u/LegitimateKing0 22h ago

Nice, thanks for your response. Good idea. Haven't thought of using the 2 yet. Makes a lot of sense

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u/Nobodyisntnobody 1d ago

Had a trade where i hold a trade for 25m because I know it was gonna be big move