Now that you're past the beginning stages, you can start using a faster chart.
If you've been using the 15 minute chart, try the 10 minute chart. If you've been using the 5 minute chart, try practicing in the 1 minute chart. The price activity will speed up and offer you more trading opportunities.
Remember, when you try something new, do it in your demo account until you are consistently proficent!
You have several choices of moving averages, and you'll have to experiment in your demo account to see which one you like. All of the moving averages can be used in all timeframes, however the slower ones are always the safest. The faster ones experience more whipsaw, but if you are quick to react, you should
be ok.
In the 1 and 5 minute timeframes, the same trading rules apply that you learned in using the slower 15 minute timeframe, but the action is speeded up, especially in the 1 minute chart.
Get used to the new faster speed, as this gives you more trading opportunities.
Just remember to use your stops & trailing stops...in other words, keep using the good trading habits you've already learned.
In the faster charts, you'll be putting on more trades but taking smaller profits.
You'll also be risking more whipsaws so more practice is needed before attempting this in a live account. If you can realize at least 5-10 perfect trades in a row in your demo account, then you are ready for a live account.
If you only have a few hours in the morning or evening to trade, it's better to play the faster charts (1-10 min charts), put on more plays & take smaller profits for each play...then you can be done for the day.
Try to close out all positions before you shut down. Or hedge them with stops and limits in place. Again, more about hedging later.
