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

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..

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.