Hi Cryten,
You asked if i had any tips for trading lower timeframes, well i have just done this, its a bit rushed as i am on my lunchbreak.
But it should help in trading lower TF's.
This particular pic is of the 15min chart that i have just been on.
If you want a hand sifting through all the noise of the lower timeframes, use a tool that tells you when we are at a top, and when are at a bottom.
You should already have a CCI up, this will tell you when the mover is just beginning or about to burn out by the "Peaks" we have spoken about previously.....now for lower TF's simply try a Bollinger Band, standard settings. (14, 2)
You seem a pretty switched-on bloke Cryten so i will not bore you with the ins & outs of the "Bollinger-Bounce".
The technique is simple, wait until price hits the upper/lower line or obvious resistance, and when it bounces back, wait for the first EMA cross candle, the enter on the step (just like day trading).
To exit, keep a close look on your CCI and the price approaching the opposite BB, when you think the move is over get out.....and possibly enter in the opposite direction when you see another cross......apart from at news times you can pretty much do this all day.!!!
I have included a pic.
The Blue circles represent the "Hit" of the Bollinger band or resistance.
The Yellow circles represent your "Cross candle".
The Yellow oblong thing represents the trade outcome (with pip totals)
As for a stop loss, as you know mine are all mental, but if you wanna know what i do, i put a 10 pip SL above/below the CROSS CANDLE.........NOT YOUR ENTRY CANDLE.
I hope this helps mate
RIGHT!!!...off for some fooooood !