Ipersonally have been paper testing a 10 cent stop. I usually hold for the bigger moves (small-mid cap) but as a result my monthly win% is only 22% yet my P&L is positive as I aim for 5:1 wlr. I use mostly 1 and 5 min charts in addition to the daily but the 15 minute might be nice at 30 and 45 min into market open.
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Forexample, below is the 42tick chart vs. the 1-minute chart for stock ABC. Let’s check out the differences between the two charts. 1 minute chart: Tick chart: The example shows that the price change is still running flat under the 1-minute chart, while the tick chart shows it has come out of several wave trends. Accurate Indicators; 1
Below we see the 5 minute USDJPY chart, and from this data we really cannot tell if the overall trend is up or down, as the market appears to just be ebbing and flowing very quickly and without much underlying or
Bestscalping timeframe for me is 5 minute scalping. But in this video i will explain why and how to adjust your strategy to scalp on the 1 minute chart and
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1 minute vs 5 minute chart