Thisdoesn't make sense. Most people are scalping one stock per time frame. It's to difficult to see a move that changes every 5-10-15 mins using a 4 hour chart. If 5M people are scalping on 5,10,15, and you're using 4 hour charts, I cant see how that will be successful over the span of 4-5 years.FYI1 min is lower tf. 5min is the higher tf. So wrt your Q, use the higher tf for your setup. The 1 min to tune your entry. Personally, I use the 1 min for certain setups. I also trade
Tradersoften toggle between various time frames when analyzing a stock. Common time frames for traders are the weekly, daily, 4 hour, 2 hour, hourly, 30, 15, 5, and 1 minute charts. Swing traders oftenThetimeframe, or data interval, represents the price/trade action within a bar (from the open to the close) and is expressed either in terms of time (1 minute, 30 minute, daily, etc.) or trading activity (tick count or volume). For example, in a daily chart each bar interval represents the price action of one day - the bar opens in the morning Initiallyenter with a really far stop loss like 1.25, and then manually move it closer as the price action moves. Obviously depends on the ticker and it's ATR for the first 5 to 10
Hereyou got into your short 50 then what you do is stock goes down, you buy back maybe 20. You go a little further, you buy back maybe another 20. Then you leave 10 to ride a little more and then you buy that back and then you’re out and that’s it. That’s the simple approach to doing these day trades.
is3evTT.