Page 418 - THE MARKET WHISPERER
P. 418
414 PART 11 - Risk Management
of direction, while not fleeing or buying on the basis of any small price
change.
How can sharp fluctuations be neutralized? Switch to displaying fifteen-
minute candles and try to see the bigger picture. Jerky behavior seen in
five-minute candles will look completely calm in fifteen-minute candles.
That’s one reason why we hardly use two-minute candles except when
trading the first hour. The amount of noise after the bell is unbearable!