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 aim to make quite a number of pips, 30 to 100 pips.
Day commodity trader trading 15 minutes 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 Trade Charts - How to Use Commodities Trading Chart Timeframes - 5 Minute Day Strategy Guide
Commodities day trader traders using technical analysis use commodity charts to try & 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 & the short term commodities trend.
How to Define A Commodities Price Commodities Trend for Day Trading
Using a commodity system that has Three indicators - Moving Average Crossover System, RSI & MACD and using simple rules to define the commodities trend. The trading rules are:
Upwards Commodities Trend
Both MAs Moving Up
RSI above 50
MACD Above Center line
Downwards Commodity 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 timeframe used for trading & a longer chart timeframe 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 commodities trading chart time frame.
Since it is always good to follow the commodity trend when commodity Day Trading, in Multiple 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 Trade Chart Time-frame.
