1-Minute and 5-Minutes Charts

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1-Minute and 5-Minutes Charts

Postby lammergriffin » Wed Nov 03, 2010 5:20 am

Which of the two charts, 1-minute or 5-minutes, are more useful for scalping?
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Re: 1-Minute and 5-Minutes Charts

Postby newyear498 » Mon Nov 08, 2010 10:33 pm

lammergriffin wrote:Which of the two charts, 1-minute or 5-minutes, are more useful for scalping?


not an expert.. but for scalping you might consider 5 better than 1 and 15 better than 5..

only because larger time frames mean less false signals and also spreads wont affect you are much

hope this helps.. :)
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Re: 1-Minute and 5-Minutes Charts

Postby Edward Revy » Tue Nov 16, 2010 7:50 pm

5 minute - for defining trends and getting your trading signals, after that - 1 minute for precision entry/exit.

1 minute time frame by itself is challenging to get a good grasp of: constant change of direction, short lived minor trends, quickly disappearing momentums can be tough.

I'd suggest starting with 5 min to develop scalping skills and/or learn other short-term trading techniques.
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