Commodity Trading Scalping Strategy
5 Minute Scalping Strategy
Scalpers
This group of traders holds on to their commodities trades for only a few minutes. The commodity trading scalper never holds on to a trade for more than ten minutes. With the objective of making small amount of pips profit: 5 - 20 pips.
A Scalper using 1 min chart time frame wants to go long, checks 5 minute chart time frame, which looks like the one below, since 5 minute chart time frame show commodity trend is going up, then decides from this chart technical analysis it's okay to buy.
Chart Time Frames - 1 Minute Chart Timeframe Scalping Strategy PDF - M5 Chart Scalping Strategy - Commodity Trading 15 Min Scalping Strategy
Traders using technical analysis use commodity charts to try and attempt to predict the movement of commodity price on the commodity trading charts.
Commodity Trading Scalping traders will sometimes use two or more commodities trading chart timeframes so that to determine the long term commodity trend & short term commodities trend.
How to Define A Commodity Trading Price Commodity Trading Trend for Scalping Commodity Trading
Using a commodities trading system that has Three 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 time frames analysis equals using 2 chart time-frames to trade commodities trading - a shorter one used for trading & a longer one to check Commodity Trading trend - the chart time frames that you select for trading commodity 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 minutes trading chart time frame & 5 minutes chart time frame.
Since it's always good to follow the commodity trend when commodity trading scalping, in Multiple Timeframe Analysis, the longer 5 min chart time-frame gives us the direction of the long term commodity trend when scalping trading using 1 Minute Commodity Trade Chart Time-Frame.
