I often read on numerous forums where retail traders are reluctant to trade very lower time frames (VLTF) such as 30 second, 1 minute, 3 minutes, 5 minutes charts etc. They often complain about unreliable price action and lot of noise on VLTF charts.
However, in my opinion only people who can't read price action thinks VLTF charts are noise. To the uneducated its noise, to the educated its valuable price action.
Moreover, many traders associate VLTF with scalps but it is not the case. If you have price reading skills than there is decent risk to reward per trade on VLTF too, in fact better than what we get on HTF.
However, in my opinion only people who can't read price action thinks VLTF charts are noise. To the uneducated its noise, to the educated its valuable price action.
Moreover, many traders associate VLTF with scalps but it is not the case. If you have price reading skills than there is decent risk to reward per trade on VLTF too, in fact better than what we get on HTF.