Scalping 1 min time frame? 3 minute?

Discussion in 'Technical Analysis' started by frank7, Feb 27, 2020.

  1. frank7

    frank7

    cool thanks
     
    #41     Feb 29, 2020
  2. Erin

    Erin Guest

    Hi Frank, trading a 1 to 3 min tf is achievable but you need to be realistic - I trade the buy and sells and with each lower time frame expect lower profits - I do not disagree with you but you need to be on your toes
     
    #42     Mar 1, 2020
  3. EsKiller

    EsKiller

    I was successful for years scalping the ES, but I always made more money trading the bigger time frames. You will eventually get to the point where trading off 1 min time frames gets exhausting and you lose context of the overall trend. On top of that your r:r is always fuked so you need a crazy high win percentage. And if you dont have perfect concentration, you will experience slippage. That being said, I always enjoyed the fast action, but don't kid yourself, its never the most profitable way to trade. Anybody that says otherwise is full of crap.

    Trade off the 60 min and scale down to the 15 min as a newbie.
     
    #43     Mar 1, 2020
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  4. CannonTrading_Ilan

    CannonTrading_Ilan Sponsor

    #44     Mar 2, 2020
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  5. legionx

    legionx



    Maybe try bartending instead of your current job, it's fun. Develop a daily Loss Limit and stick to it. Try to stay in the same Stop Loss range per trade. Fixed ratios of risks vs rewards per trade are pointless in scalping because you will be scratching trades often. Trading is not a 9-5 job and should not be treated as such. 1-3 hrs a day scalping is enough. Trade your simulator after live account for practice aka motor skills. Do not over trade, psychologically you will not succeed. Keep that steady momentum and good luck.
     
    #45     Mar 3, 2020
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  6. check out Bookmap. it's a great tool for scalping in my opinion, and gives better view of the price action
     
    #46     Mar 3, 2020
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