It is not impossible to trade the 1Min and 5Min charts.
All timeframes have a certain pattern to their action. The 1Min and 5Mins are no exception.
To prove this to yourself, just put a Bollinger band on them, you'll see what i mean.....the price will usually bounce from one outer band to the next, in a ranging market this can make you alot of money......in a trending market this can kill you....as you will ALSO see that the Bollinger bands are broken frequently and that the price will continue in one direction for ages.
My opinion is to use timeframes to determine the length of time you are in any particular trade, the higher the timeframe, the longer you should be in a trade.
Many people can make money in Forex, what sets the winners apart from the losers is the ability to RETAIN the money that they make.
When you trade short timeframes your system has to be spot-on, if you don't have at least a 65% winning average with your system, don't even think about the lower timeframes.
The proffessionals use nothing lower than 15min timeframes, and even that is the domain of highly skilled and proven traders.
In short, 1Min and 5Min timeframes are possible, but not reccommended.
Hope this helps,
:0)
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