farooq, thank you for all your inputs. 5 min charts ema,5,8,22 macd,cci(144). that is my set up. removed full sto and it is so much easier and clear to read. i am making 150 to 200$ every day this past week. i risk only 3 calls or puts below 1$ closest strike atm. had 90+% success rate and other times jumped early.still work in progress.
the best part is i do not have to look for other time frames. i found a nice way when the trend change might happen i.e price and ema's will go above 22. by looking at macd and cci. cci crossing above -100 or 100 and macd signal crossing at the same time. this gave me perfect entries. ema's keep me in the trend.
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