Commodities Day Trading Strategy
15 Minute Day Trading Strategy
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 min trading chart timeframe wants to go long, checks 1 hour commodities chart timeframe, which looks like the one below, since 1 hour commodities trading chart time frame shows market commodity trend is going up, then decides from this chart technical analysis it's okay to buy.
Chart Time Frames - 5 Minutes Day Trading Strategy Tutorial - 15 Minutes Day Strategy - Commodity Trading 15 Min Day Trading Strategy
Commodity Trading day trader traders using technical analysis use commodity charts to try and attempt to predict the movement of commodity price on the trading charts.
Commodity Trading Day traders will sometimes use two or more commodities chart timeframes so that to determine the long term commodity trend and short term commodities trend.
How to Define A Commodity Trading Price Commodity Trading Trend for Day Trading
Using a commodities trading 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 Trading Trend
Both MAs Moving Up
RSI above 50
MACD Above Center line
Downwards Commodity Trading Trend
Both MAs Moving Down
RSI below 50
MACD Below Center line
Multiple commodity charts timeframes analysis equals using 2 chart time-frames to trade commodities trading - a shorter commodities chart time-frame used for trading & a longer chart timeframe to check the Commodity Trading trend - the chart timeframes that you choose for trading commodity 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 minutes trading chart time frame and 1 hour commodities chart time frame.
Since it's always good to follow the commodity trend when commodity Day Trading, in Multiple Timeframe Analysis, the longer 1 hour commodities trading chart time-frame gives us the direction of the long term commodity trend when Day trading using the 15 Minute Commodity Trade Chart Time-Frame.
