Question
#5 👇
What time frame do I use to operate the frog?
On a "normal" day, with decent volume and the market moving as it should, I do scalping on 5 minutes. That is the time frame where the frog shows its genius, but you can still understand the language: it’s not so slow that it puts you to sleep, nor so fast that it leaves you seeing stars.
Now… when there is low volume, that's another story. With low volume, the market becomes like a vacant farm: silent, pure echo, and suddenly a scare appears. The sensible thing there is not to trade. But if you still feel like jumping in (because sometimes one is stubborn, right?), then scalping can go from 5M to 1M, not because it's “better,” but because with low volume, movements are shorter and more deceptive, and in 1M at least you see the quick pull and get out without waiting for a miracle.
My 2 rules in 5 minutes (the ones that have saved my skin) are:
a) I only trade when the 4H candle is already “mature”
I don’t jump in as soon as the 4H opens, because at that point the price is like a frog just awakened: disoriented, throwing a tantrum, and testing where to go. I start to look seriously when the 4H candle has already covered 30 minutes, that is, when the timer is around something like 3:30:00 (3 and a half hours have passed).
What’s the idea? Let the market “speak” first. Instead of me guessing, the price shows me if it wants to go up, down, or act silly today.
b) In 5M, I enter when the candle has already moved for a while
I don't enter at second 10 as if they were giving me money for free. In 5 minutes, I wait for the candle to have been moving for about 2 minutes and I jump in when it reaches 3 minutes, because then the typical things have happened: the tantrum, the wick, the fake-out, the scare... and only then does it start to show real intention.
With the above, I learned to control my emotions. Because jumping in immediately is like diving into mud with white shoes: don’t cry afterward.
Friends: 5M when there is volume and the market is alive, 1M only if you insist on trading with low volume, and always with patience
$1000PEPE