How To Successfully Trade the 5 Minute Charts

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#514: How To Successfully Trade the 5 Minute Charts

In this video:
00:33 – Should I look to scalp the market?
01:20 – Any Pair and any Market and any Time frame chart
01:53 – Most people don’t know when to look or what to look for
02:33 – Only take Continuation patterns
03:07 – Examples of Continuation patterns
04:11 – It’s all about the strategy
04:22 – Blueberry Markets
05:02 – Masterclass and book a call to chat with us

Should you consider trading the five minute charts? It’s a question I get asked very often. And just this week, one of our clients has posted some amazing five minute chart trades on our forum site, and I like to share details about that right now to help you. Let’s get into it.

Hey there, traders. Andrew Mitchem here at the Forex Trading Coach with video on podcast number 514.

Should I look to scalp the market? 

Now quite often I get asked the question, Andrew, should I look at scalping? And scalping is trading shorter timeframe charts when you’re generally in and out of the market relatively quickly and most of the time I say the people don’t do it.

Stay away from anything from one hour charts and below because most of the time it consumes you. It’s lots of noise, lots of whipsawing around and the price action. And unless you know what you’re doing, it’s probably going to eat you alive. It’s probably not a great idea. And really it comes down to each to their own. You know, I much prefer personally the longer timeframe charts with the hig