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Thanks a lot, Pride, for enlightening me on the difference between the 30min and 5min chart. Today, in minifty futures, I observed that at around 2.40pm, the 30min chart showed the stoch to be bullish and the 5min chart indicated the stoch to be bearish. This explains the significance of the...

Thanks linuxguy for your reply. I think I didnt frame my question properly. In the 5min chart itself, we can get the picture of the last 30min trade. So, why do we have to look into a different chart with 30min bars? I hope I am clear on the question.

Hi Pride, Could you pls let me know why it is necessary to look at a 30min chart to begin trade? Is a 5min chart alone, not sufficient, as shown in your example chart snapshots ? Pls help me in understanding this better.