SPDR S&P 500 (SPY)

[USDollar]

that's really funny

Quote: "I use 1 min as well, don't care for anything in between 1 min and daily."

Every single time frame needs mastering regardless which one you like the most. Not getting there is a failure ending in bankruptcy (save getting lucky which anyway runs out).

Looking at a 1 min chart is like driving in traffic looking through a microscope ....sooner or later...

Daily is like driving with dirty windshield, an impaired visibility but pretty acceptable.

With a weekly is like driving a very high truck with large windows.

Looking at a monthly chart is like seeing the traffic from a helicopter above.

Ignoring the higher time frame is not the right way. How in the world you're gonna see the upcoming problem to avoid it, no way.

Take it from someone that traded the 1min (and rarely do anymore).

THE BIG BUCKS ARE IN THE BIG FRAMES
THE SMALL BUCKS ARE IN THE SMALL FRAMES

The above is my own saying.

The big money trade the big frames !

The small frames are useful to reverse engineer the bigger frames, a mystic department hunted by highly paid few, and also useful to manage positions near S/R.

If daytrading with 1min or 5min would be highly successful then the majority of said traders would be millionaires.
The reverse is true, exceptions don't count.

EACH time frame has its turn. The trader needs to manage them and assess which one needs following. It could be 1min, it could be 1 hour , or it could be 1 month chart. For example tomorrow is 1 month, screw everything else. but that's jmo.