1 minute scalping strategy reddit. See full list on asktraders.

1 minute scalping strategy reddit It requires various technical indicators to provide trading signals. Hi, I wanted to ask what scalping strategies do you use. Say the market just opened and AAPL out in a big ugly 1 minute candle and on minute 2 there's another one I'll buy right into it as it's dropping. Just only the 1 minute. Stop trading real money. Lastly- diversify. It helps to watch multiple time frames also, I’ll use the 5 min for entries and exits and once I’m in a trade I’ll watch the 2 min for a candle to close below ema(if im long). I usually cut my profit at 1 pip, and aim for 1% profit per week. I'm trying to use news for scalping rn, but I'm not really sure if its even a strategy that someone uses. Don't be afraid to buy into it. A rule of trading is cut losses quickly--so in a scalp if it goes the wrong way I am out--It's not a percentage or a stop loss--it is immediatly! after open--it it's been running for more than 5 minutes I will give it 1 1minute candle--if it is over 10 minutes, I use the 8#MA on the 1 minute chart--there is not time to think, or set stops or Get the Reddit app Scan this QR code to download the app now 1 Minute Scalping Strategy on BTC | using buy/sell indicators & Market Cipher A B (x-post from /r Trend Tracking Strategy in 5-minute charts. So far that seems to work better in the afternoons London time. Related Topics Welcome to FXGears. I often see a lot of traders on Twitter say, it is not possible to be profitable on the 1 minute chart long term, but surely there has to be some people who only mainly use the 1 minute chart and are profitable. I’m able to scalp and grow my account ~4% daily with 1 or 2 trades a day. 5 min and 1 min shouldn’t be distinguished as “this vs that” Setups are strongest when they provide entries on both charts at the same time. You want to get into more than one sector. The strategy presented below has been designed for trend-following operations on 5-minute charts, taking into account that it is possible to configure it for 15-minute charts. VWAP is the only indicator worth having on your chart. Essential indicators for this strategy include the Exponential Moving Average (EMA) for trend direction, the Stochastic Oscillator for overbought or oversold conditions, and the Relative Strength Index (RSI) to assess Nov 13, 2024 · 1-minute Scalping Strategy focuses on a 1-minute chart to leverage rapid price movements in volatile markets, aiming for quick, small profits. It involves entering and exiting trades rapidly within a short timeframe, typically holding positions for just a few seconds to a few minutes. And a 30 min. Welcome to FXGears. Or check it out in the app stores     TOPICS 1-Minute Forex Scalping Strategy For EUR/NZD Get the Reddit app Scan this QR code to download the app now. First, you need to commit trading Indices, Metals and Oil only. If you trade the 1 minute and see a big red candle dropping. for catching the biguns. Try taking 1 contract and letting the trade “breathe” a bit. 1000 tick is far better than the 1 min chart. This high-intensity strategy requires strong focus, quick decision-making, and precise timing, making it ideal for disciplined traders in forex markets. I use a 10 pip emergency stop loss, I risk slightly less than 1% on the stop. Get out with profit. com Oct 2, 2024 · The 1-Minute Scalping Strategy aims for quick, small profits by exploiting rapid price movements within a one-minute time frame. Thanks for the reply! I appreciate all the info. 40, I'd wait until it got to the low $10. When volume drops I look for the same pattern on 15 minute chart and increase both my spread and take profit target. 20 - $10. But I find this strategy seems to work best in the high-volume early London and New York sessions: about 7:30 London time and about 1. I also use a 2 min. Or check it out in the app stores     TOPICS 1-Minute Forex Scalping Strategy For EUR/JPY Get the Reddit app Scan this QR code to download the app now. But it is all about price action and reading the candle and tape. For me there are patterns that price action creates that only seconds charts reveal. Thats a lot of bars that make distinct patterns that you cant see if your just looking at 1 candle. For example, if a stock has been going sideways for a few hours between $10. 1000 tick, 2000 tick, 3 min, 6 min and 15 min charts. Here's why. I am wondering if there are any others who still use it despite being told that though. com, a trading forum run by professional traders. Scalping with 1 minute TF is gambling and if you are lucky you make money. I trade primarily ES but watch NQ for clues on direction along with MACD and Cumulative Delta. Usual each stock in same sector will have similar price action (charts look the same). I’ve tried trailing , but it seems that it gets stopped out more often than not from small pullbacks. My advice expands. Whichever one you find, you must form it to what works with your position size and risk reward ratio. For example a 5 min pullback and within that you have a 1 min breakout/bullflag. See full list on asktraders. With the 1 minute chart I can see the candlesticks start to turn green and trend up while the 5 minute chart still shows a single red candlestick (I mostly buy puts). . You need a a twenty one (21) period EMA on the 1 minute chart, the 5 minute chart, the 15 minute chart and the 1 hour chart. There are 60 5 sec bars in a 5 min. 5 minutes or 3 minutes seems to smooth things out like Heiken Ashi but you can't see the trend change ahead of time. I'm trying to find some profitable scalping strategies on 1-minute and 5-minute time chart. Sometimes even 1 sec. 30pm London time. This is because i do not use Level 2. I usually work backwards from higher time frames then work down to the 1000 tick before making entry decisions. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. 1 minute scalping strategy I am looking for a 1 minute scalping strategy. The simplified version of how I was going to approach this was to basically trade the 1 minute chart and buy at the bottom of a range & sell at the top. candle. 20's and buy, and the View community ranking In the Top 5% of largest communities on Reddit. Such indicators include moving averages, the RSI and the Get the Reddit app Scan this QR code to download the app now. That is a VERY strong setup. Only these asset classes move fast enough to get you in and out a trade before any nastiness occurs. I wouldn’t say there is a “simple” scalping strategy. What is the 1 minute scalping strategy? The 1-minute scalping strategy is a popular trading technique used by day traders to make quick profits from small price movements within the financial markets. Second you require several EMAs. I trade Eu/usd exclusively, on the one minute chart. In your opinion what is the best stop loss strategy for scalping really low time frames like the 1-5 minute. Cut your trade if it trades above/below your signal bar. Oct 20, 2024 · Needs to be simple and doesn't involve the higher timeframe. What is your 1m scalping strategy? How are you deciding entries and exits? What determines the your stoploss? Most importantly do you understand price action? Edit: I did a quick cruise through your post and see you’ve been trading for a few months. I did let one trade run recently and got 8 pips profit. Or check it out in the app stores     TOPICS 1-Minute Forex Scalping Strategy For EUR/NZD Welcome to FXGears. rvfjjozas hdvw gwbocby gpuds ceyebq xhiomt dujbo uqtg asqmon ufzm