If your intermediate chart is 5 minutes, then your long term chart should be +-5 times longer - i.e. say 30 minute chart. Start by looking at your long term chart, i.e. to see whether you should go long, go short or do nothing. Then move over to your intermediate chart (in your case 5 min chart) and look for entry points in the direction that your 30 minute chart gave you. This is my view, study books and learn - the only way.
Thanks T Cat. That is what I do; however which time chart do you have running while waiting; I tend to keep the higher time one on display until I see something happening, then go to the shorter time chart. Also I switch between 1hr, 15 min and 5 min.
Thanks for input. I wanted to get an idea what timeframes the forum members tend to use. Obviously, the higher your margin you are prepared to risk, and the backing you have, the longer time frames you can go for.
OMO but this is a hard one to anwser, but all i can say is that there is no big dif between semi long TA trader and daily TA trader BUT TIME FRAMES, quick fingers and system. The results are the same ( Chart is a Chart 1 min to yearly )
Hennie is right.. The profit equation is not a function of time...it is a function of price change... The shorter the time frame the greater the detail relating to price. The question is can your emotions and mind deal with that level of detail.