One Minute Scalping Strategy
Scalping is a trading strategy that usually works best using a short-term time frame. Contrary to position trading strategies, scalping focuses on making many profitable trades with notably small margins
Scalping is ideal for day traders and individuals who are capable of making key decisions in short amounts of time. Usually, you will not have much time to conduct a thorough fundamental and technical analysis while scalping. Moving averages are constantly changing and prices are constantly being “corrected.”
Whether you are scalping EUR: USD, other currency pairs, or other assets outside of forex, it’s important to pay attention to the details. Scalping typically occurs in 5-20 minute increments. However, if you were trying to implement a one-minute scalping strategy, volume indicators, M5/M15 time charts, and price action trends should be the first things you look at.
The key to scalping while using short time frames is to identify price changes before the rest of the market has had the chance to act. You should also be willing to accept very low-profit margins—gaining less than 1% on a given action will still usually be in your best interest. Because of this, many scalpers may implement tight stop-loss and stop-limit orders over time. Also, learn more about the best hedging strategies here.
Now, let's get to it!