Optimizing Your Multi-Monitor Setup for ESM5 Scalping + Higher-Timeframe Confirmation Since you now have a clean 500T scalping setup on your main screen, let’s strategically use your 3 additional monitors to align with your forex experience—trading dips in the scalping timeframe (500T) in the direction of the higher-trend. Here’s how:
Monitor 1: Core Scalping Chart (500T) Purpose: Precision entries/exits. Indicators:
Price Action: Candlesticks (cyan/magenta).
Trend: 9 EMA (blue) + VWAP (yellow).
Momentum: RSI (3) in subpanel.
Volume: Optional histogram.
Key Use:
Spot dips/pullbacks in the 500T trend.
Enter only if higher timeframes agree (see other monitors).
Monitor 2: 5-Minute Chart (Trend Confirmation) Purpose: Identify the dominant intraday trend. Indicators:
Trend: 50 EMA (blue) + 200 EMA (red).
Bias: VWAP (yellow).
Confirmation: MACD (12,26,9) or Volume Profile.
Key Use:
If price > 200 EMA + VWAP, only scalp longs on 500T dips.
If price < 200 EMA + VWAP, only scalp shorts on 500T rallies.
5-Min Trend Example (Green zone = long bias, red zone = short bias)
Monitor 3: 15-Minute Chart (Swing Context) Purpose: Avoid trading against larger swings. Indicators:
Key Levels: Previous day high/low, weekly pivots.
Trend: Ichimoku Cloud (or 50/200 EMA).
Momentum: RSI (14).
Key Use:
If 15m trend is up, only take 500T longs near support (e.g., VWAP/EMA).
If 15m trend is down, only take 500T shorts near resistance.
Monitor 4: Order Flow / Market Depth (Optional) Purpose: Confirm liquidity and execution zones. Tools:
DOM (Depth of Market): Spot resting orders.
Footprint Chart: Imbalance/absorption at key levels.
Time & Sales: Aggressive buyer/seller momentum.
Key Use:
Avoid entering if no liquidity aligns with your 500T setup.
How to Trade This Multi-Timeframe Setup Step 1: Higher-Timeframe Bias Check 15m chart: Is price above/below 200 EMA?
Check 5m chart: Is VWAP supporting the trend?
Step 2: Scalp Entry on 500T Wait for a pullback (e.g., RSI < 35 in an uptrend).
Enter only if:
500T price > VWAP + 9 EMA (for longs).
Higher timeframes agree (no conflict).
Step 3: Exit Strategy Profit: 2-4 ticks (scalping) or hold if higher TF accelerates.
Stop-Loss: 1 tick below 500T swing low (longs) or above swing high (shorts).
Example Trade 15m Chart: Uptrend (price > 200 EMA).
5m Chart: Price pulling back to VWAP + 50 EMA.
500T Chart: RSI(3) dips to 30, price bounces off 9 EMA.
Order Flow: Bid volume spikes at the bounce.
Entry: Long at 4125.00.
Exit: 4127.50 (2.5 ticks).
Pro Tips for Multi-Monitor Scalping ✅ Color-Code Trends:
Green background = long bias (higher TFs aligned).
Red background = short bias.
✅ Hotkey Syncing:
Use Tradovate’s chart linking to sync symbols/timeframes.
✅ Avoid Overtrading:
If higher TFs are choppy, skip scalping (wait for clarity).
Final Checklist Main Screen (500T): Clean scalping setup (VWAP, 9 EMA, RSI).
Monitor 2 (5m): Trend filter (50/200 EMA, VWAP).
Monitor 3 (15m): Swing context (key levels, Ichimoku).
Monitor 4 (Order Flow): Execution confirmation.
This mirrors your forex strategy but adapts it to ESM5 futures scalping. Need help setting up any of these charts? Let me know—I’ll guide you through it! 🚀