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 small amounts of pips as profit, 5 - 20 pips.
A Scalper using 1 min 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 Time-frames - 1 Minutes Scalping Strategy PDF
Traders using technical analysis use commodity charts to try and attempt to predict the movement of commodities trading 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 & 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 & MACD & 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 one used for trading & a longer one to check Commodities trend - chart time frames that you choose for commodities trading price action with will depend on the type of trader you are: for Scalping Traders the chart time-frames used for trading will be example of 1 minute commodity chart time frame and 5 minutes commodities chart time frame.
Since it's always good to follow the commodity trend when commodity scalping, in Multiple Time Frame Analysis, the longer 5 minute chart time frame gives us the direction of the long-term commodity trend when scalping using 1 Minute Commodities Trade Chart Time-Frame.
