Scalping 1 min time frame? 3 minute?

[frank7]

Of course there are people trading 1 minute charts successfully. Many hmmm though not in high numbers relative to those who have tried. At all.

Though that is not scalping but rather than get into a semantics game I'll move on from that point.

I'll agree time frame itself doesn't matter in the success equation - all things being equal. What does matter most of all is account/trade management.

One last point (not in regards to any posts including my own), being optimistic doesn't work too well learning how to trade correctly and profitably. If you stick with it you will understand this someday.

cool thanks

 

[Erin]

Sorry i forgot to hit the reply. Please take a look at the requested information shared above.

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

 

[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.

 

[CannonTrading_Ilan]

Range bars....

 

[legionx]

Finally someone who is optimistic about intraday trading in this website. Thanks for the reply. Now i don't have a degree in mathematics or am a programmer but i know one this for sure, i don't like to fail, i don't like to quit, and with a little bit of dedication, after developing the right mindset, trading system, risk management rules and different trading psychologies and many hours of screen time and trading live with a small account just so i can get used to different emotions that rise during the session, i think i can build some consistency and hopefully make a living out of this. I am so tired of this 9-5 corporate financial analyst BS...not my passion so it's a drag everyday for me to get out of bed and go to a company that i don't care about about and do accruals, budgeting and all the other corporate finance bs.... anyways thanks a lot for your reply and i'll be back here with an update on my progress

Best,
Frank

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.

 

[cornerstone]

Hello every1,

My name is Frank. I have been demo trading the stock market for the past 6 months and i love scalping! Currently i am reading Understanding Price Action: Practical Analysis of the 5-Minute Time Frame by bob Volman. This book is helping me get better reading all the trading action that is going on in front of my eyes but i have realized that i have missed a few better entry opportunities that other traders captured in the 1-min and 3 minute time frame. With that being said, can i apply everything that i learn from this book to the 1 min and 3 min? also any suggestions on how to get better at scalping these lower time frames? how to read candlesticks better? Also i want to mention that i like to trade only the open 9am-11 am and the last two hours of trading 2 pm - 4 pm. So any books? youtube videos that you can suggest? articles? anything please. Thanks in advance for any help that you can help!

Best,
Frank

check out Bookmap. it's a great tool for scalping in my opinion, and gives better view of the price action