Just wondering if what's the favorite time frame you guys are using for your intraday trading ? ES, CL,

I am currently using 1,2,5,15 min,

Specifically 2 min for entry, 1 and 2 min for exit, 5 and 15 min for general trend direction.

I remember big mike in 1 of his trading videos once talked about he would NOT take long entry below moving average and vice versa. can't remember if it was 5 min chart? (Price Action on CL (Crude Oil Futures) Tue Apr 20th)

From my experience in trading Hang Seng futures intraday, forward testing results indicate that (especially within 1 hour after the OPEN)

Pros:
you would save a lot of money taking entry at premature reversal levels

Cons:
your entry would be a little late, and unlikely to catch those perfect reversed breakouts signals generated at slow stc levels ie 20/80

net net which one is better I don't know. Mike, can you share your view on this ?(no longs below your 20EMA / vice versa)
How did you end up having this conclusion of not taking counter-trend entry points ?

many thanks...

I believe @Fat Tails has covered this quite extensively already:

Intraday Seasonality Volatility - When to Trade and When Not to Trade Specific Trading Times Each instrument has its specific times, when it can be traded, and also has its times, when trading does not pay off. The question is. how to determine the optimal trading times? The main criterion is volatility. If volatility …

Mike