In this article, we will teach you about 1 min chart trading strategy.
What is a 1-minute scalping trading method?
In a 1 min chart trading strategy, a trader uses a 1-minute chart to analyze and make trades. Each bar on the chart represents a 1-minute time period, allowing for real-time observation.
People often use technical indicators to make quick decisions. The focus is on exploiting short-term price movements to maximize gains.
Which indicators to use for the 1-minute scalping method?
Traders who use the 1 min scalping trading strategy use technical indicators. The best indicators for 1 minute chart include:
- Simple Moving Average (SMA): The SMA helps you figure out whether the price of a security is going up or down. It shows the average price of the trades made by a trader over a certain time period.
- Exponential Moving Average (EMA): The EMA gives more weight to recent prices and is a great indicator for scalping.
- Moving Average Convergence Divergence (MACD): The MACD scalping indicator is found by taking the difference between the 26-day EMA and the 12-day EMA. Besides, the MACD gives buy and sell signals based on averages from the past.
- Stochastic Oscillator: The Stochastic Oscillator predicts price changes before they happen.
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1-minute scalping trading strategy
Now we know all about the powerful 1 min scalping system, let’s look at how it actually works. You can use the best 1 minute scalping indicator to use the strategy. Traders search for essential 1 minute trading signals, such as when moving averages intersect.
In 1 min trading strategy, traders look for the 50 EMA to cross above the 100 EMA and wait for the price to return to the EMAs. They also make sure the Stochastic oscillator is above 20 before entering a long position.
To go short, the trader looks for the 50 EMA to be below the 100 EMA and waits for the Stochastic oscillator to fall below 80.