Want to know how to trade 1-minute candles and 5-minute candles at the same time in the same charting window?
In this new video, John Paul will teach you how to set up multiple time frames in a single chart for scalp trading.
How is this going to help your trading?
- Multiple time frames or chart types allow you to see opportunities you’d normally miss.
- A potentially huge benefit of confirming every signal or anticipated market direction.
- More control over the situation: go with a longer scalp trade (using the 5-Minute candles) or go a shorter scalp trade (using the 1-Minute candles).
- This configuration is especially useful if you’re trading with just one screen, i.e. a typical laptop setup.
By the way, that squiggly yellow line is the ATR. One ATR for the 1-minute chart, the other for the 5-minute. This way, he can determine the profit target and stop loss depending on which time frame he decides to use for the trade.