...Other than that i would like to ask why you recommend not going below H3 for plotting.. is it not all the same?
It is not the same, the small charts are much too sensitive for the HLC method; imagine price reversing over a line every 30 minutes
If you sat there plotting HL using a 1 minute chart then there would be no need for HLC, but is that what you want to with your day, sit there watching 4 or 5 one minute charts?
Even at the H1 level you are checking your charts for no reason, 5% of the weekly range is just too large of a move for an H1 chart.
You don't need perfectly accurate P&F charts, that is just the regurgitated belief of an anal person, you only need to see how you won or lost when you look down at your charts.
Trading doesn't have to be a job, you can update four or five H4 charts and place orders in six or eight 10 minute sessions.
In other news, I placed my order with Big Jeff's Craps Tables the other day for a 6'x4' table with red felt, dark red oak stain, double chip rails, and a black arm rest for a total price of $1,618.92 after taxes and shipping (compared to 'practicing' at a live casino the table might as well be free).
I am convinced that there is no difference between scalping markets and playing craps when one places bets that can be turned on and off (buy/exit) and hedges bets. When you combine statistics, every shooter is good for a certain number of rolls, with position sizing and money management then it just might be beatable without dice setting.
So, yeah, I am going to open up my little Craps table demo account and see where this leads