Trading on Multiple Crude Oil Trading Charts Oil Swing Trading Strategy

15 Minute Swing Trading Strategy PDF

Swing Traders

This swing oil group holds on to their crude oil trades for a few days to a week. With the objective to make a large number of pips, 100 to 400 pips.

Swing oil trader using 1 hour chart oil chart time frame wants to go short, checks 4 hour chart oil chart time frame, which looks like the oil example shown below, since 4 hour shows the oil trend is going down, then decides from this technical analysis it's okay to sell.

Oil Swing Trading on Multiple Crude Oil Trading Charts – How to Use Crude Oil Chart Timeframes – 15 Minute Swing Strategy Guide

Oil Swing Trader traders using technical analysis use oil charts to try & attempt to predict the movement of crude crude oil trading price on the crude crude oil charts.

Oil Swing traders will sometimes use two or more oil chart time frames so as to determine the long term oil trend and short term crude oil trend.

How to Define A Oil Price Oil Trend for Swing Trading

Using a oil system that has Three indicators – Moving Average Crossover System, RSI & MACD and using simple rules to define the crude oil trend. The trading rules are:

Upward Oil Trend

Both MAs Moving Up

RSI above 50

MACD Above Center line

Downward Crude Oil Trend

Both MAs Moving Down

RSI below 50

MACD Below Center line

Multiple oil charts timeframes analysis equals using 2 chart timeframes to trade oil - a shorter oil chart time-frame used for trading & a longer chart timeframe to check the oil trend - chart time frames that you choose for crude crude oil price action with will depend on the type of trader you are: for Swing Traders the chart time-frames used for trading will be an example of 1 hour oil chart time frame and 4 hour crude oil chart time-frame.

Since it is always good to follow the oil trend when oil Swing Trading, in Multiple Chart Timeframe Analysis, the longer 4 hour oil chart time frame gives us the direction of the long-term oil trend when Swing trading using the 1 hour Crude Oil Chart Time-Frame.