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Linda,
I have been trading off of 5 minute bars also and have done pretty well
(I trade the P's using the Anti and Holy Grail setups, plus other
stuff).
I have found that going into the day with a Bias has helped me. I
recall a trade where I went long and got whacked really fast. Then I
went over the trade with a CTA friend and said all Bias's were pointing
down for the day.
In essence what I am doing now is, for example, if the day is up I will
look for all long trades to set up and vice versa. I hope this helps.
JS
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