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Now if i was thinking long trades only, I'd personally then examine the 5 min chart and see which way the stoch line being. If is actually very heading down and approaching the 20 level (oversold), I am now looking towards it to show up before I enter a do business. What I for you to see, could be the stoch appear and break through huge ability these lines of horizontal type to the upside. When it happens, once that 5 min candle closes, Let me open a long trade for your open from the new candlestick. I always loose time waiting for confirmation then the candle has to shut to make sure the horizontal line is in fact crossed to the upside.

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