Just wondering, am I the only one generating 3 minute time frames to do some very short term price action scalping? so my reason being mainly because the 1 and 2 minute(s) time frames generate a bit too much empty noise and there aren't any reliable signals developed on them. so right now, i'm using the mt4i plugin and trading the 3 minute mostly, but ofc looking a the longer time frames as well. so why not the 5 minute? i find the 5 minute is a bit too long. it's much nicer to catch a reversal on the 3 minute rather than 5 minute as it would be developed slightly earlier.
so my real question is how does this play in psychology? i'm using metatrader 4 and so i'm not sure if most people know about generating offline charts of different time frames so if everyone is using the predefined time frames and trade based on the signals generated there, would i be left at a disadvantage in using the 3 minute as my signals would be slightly different?
so my real question is how does this play in psychology? i'm using metatrader 4 and so i'm not sure if most people know about generating offline charts of different time frames so if everyone is using the predefined time frames and trade based on the signals generated there, would i be left at a disadvantage in using the 3 minute as my signals would be slightly different?