Trading Commodities Do Commodity Day Trading with Different Chart Time frames?

Commodity Day Trading on Multiple Commodities Trading Charts

Day Traders

This group of commodity day trader holds on to their commodities trades for a few hours but not more than a day. With the objective of making quite a number of pips, 30 - 100 pips.

Day commodity trader trading 15 minute commodity chart time frame wants to go long, checks 1 hour commodity chart time frame, which looks like the one below, since 1 hour commodity chart time frame shows market commodity trend is going up, then decides from this chart technical analysis it's okay to buy.

Commodity Day Trading on Multiple Commodities Trading Charts - How to Use Commodities Trading Chart Timeframes - 5 Minute Day Trading Strategy PDF

Commodities day trader traders using technical analysis use commodity charts to try and attempt to predict the movement of commodities price on the commodities charts.

Commodities Day traders will sometimes use two or more commodity chart time frames so as to determine the long term commodity trend and the short term commodities trend.

How to Define A Commodities Price Commodities Trend for Day Trading

Using a commodity system that has 3 indicators - Moving Average Crossover System, RSI and MACD and using simple rules to define the commodities trend. The trading rules are:

Upward Commodities Trend

Both MAs Moving Up

RSI above 50

MACD Above Center line

Downward Commodities Trend

Both MAs Moving Down

RSI below 50

MACD Below Center line

Multiple commodity charts time frames analysis equals using 2 chart time frames to trade commodity - a shorter commodity chart time frame used for trading and a longer chart time frame to check the commodities trading trend - the chart time frames that you choose for commodities price action with will depend on the type of trader you are: for day traders the chart time frames used for trading will be an example of 15 minute commodity chart time frame and 1 hour commodity chart time frame.

Since it is always good to follow the commodity trend when commodity Day Trading, in Multiple Chart Time Frame Analysis, the longer 1 hour commodity chart time frame gives us the direction of the long-term commodity trend when Day trading using the 15 Minute Commodities Trading Chart Time Frame.