Trading Commodities Do Commodity Trading Scalping with Different Chart Time frames?
Commodity Trading Scalping on Multiple Commodities Trading Charts
Scalpers
This group of traders holds on to their commodities trades for only a few minutes. The commodity scalper never holds on to a trade for more than ten minutes. With the objective of making a small amount of pips, 5 - 20 pips.
A Scalper using 1 minute commodity chart time frame wants to go long, checks 5 minute commodity chart time frame, which looks like the one below, since 5 minute commodity chart time frame show commodity trend is going up, then decides from this chart technical analysis it's okay to buy.
Commodity Trading Scalping on Multiple Commodities Trading Charts - How to Use Commodity Trading Chart Timeframes - 1 Minute Scalping Strategy PDF
Traders using technical analysis use commodity charts to try and attempt to predict the movement of commodities price on the commodities charts.
Commodity Trading Scalping 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 Scalping Commodities
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 one used for trading and a longer one to check the Commodities trend - the chart time frames that you choose for commodities price action with will depend on the type of trader you are: for Scalping Traders the chart time frames used for trading will be an example of 1 minute commodity chart time frame and 5 minutes commodity chart time frame.
Since it is always good to follow the commodity trend when commodity scalping, in Multiple Chart Time Frame Analysis, the longer 5 minute chart time frame gives us the direction of the long-term commodity trend when scalping trading using the 1 Minute Commodities Trading Chart Time Frame.
