DP Trade 3min or 5min

[jands]

Hello everyone,

I was looking for feedback on preferences for trading DP's.

What seems to work better 3 or 5 min charts?

I have a preference for 5 min charts, I seem to get stopped out a little less but the potential profit is not as great as per a dollar figure.

Thanks for your input,

Jim

[tombtrader]

Any time frame is OK. The important variable is what you use to qualify the DP trade as one to take or not.

Overbought/oversold seems to be important as is divergence or reverse divergence. The clearness and sharpness of the abc is also a factor I think.

I also use bands and only take DPs that are at the band extremes.

[tombtrader]

Here is what I do:

TS4 on Band trades to DP on band