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Ali Farhad


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I trade on 5 min frame, but I use 15mins, 1 hr and 1 day to get the overall momentum in the stock. 

How it help? 

If TSLA is looking bearish on higher frames (1hr, 1 day) and giving a buy on my trading frame (5 min) I might look for more confirmations. Buy if it's indicating a short on trading frame, I'll go in with it with confidence. 

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As a long term/swing trader, i don't believe day trading is a good idea for someone that is new to the industry (which sounds like you are).

However, if you are persistent in wanting to day trade, i would suggest looking at the hourly. Trading can be fast paced and you don't want to constantly get stopped out on big swings in the lower timeframes. 

If possible, try and expand further to the 4 hour and daily to begin with, get comfortable and understand the markets better, then lower your timeframes.

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