How Do I Trade Scalping Trading with Different Chart Timeframes?

How to Analyze Scalping Trading with Different Chart Timeframes

Scalper Traders

This group of traders holds onto their trade transactions for only a few minutes. Xauusd trading scalper never holds on to a trade for more than ten minutes. With objective of earning little sums of pips as profit, 5 - 20 pips.

A Scalper using 1 min chart time frame wants to go long, checks 5 minute chart time frame, that resembles the one below, since 5 minute chart timeframe show trend is going up, then decides from the chart technical analysis it's okay to buy.

XAUUSD Trading Scalping on Multiple Chart Time Frames - 1 Minute Scalping Strategy Method

Traders using technical analysis use charts to try and attempt to predict the movement of price on the charts.

XAUUSD Trading Scalping traders will sometimes use two or more chart time frames so as to determine the long term trend & short term trend.

Trading Define A Price Trend for Scalping XAUUSD

Using a system that has 3 indicators - MA Crossover System, RSI Indicator & MACD Indicator & using simple xauusd guide-lines to define the trend. The rules are:

Up-ward Trend

Both Moving Averages Moving Up

RSI Indicator above 50

MACD Indicator Above Center Line

Downward Trend

Both Moving Averages Moving Down

RSI Indicator below 50

MACD Indicator Below Center Line

Multiple charts time frames analysis equals using two time frames to trade instruments - a shorter one used for trading & a longer one to check XAUUSD trend - chart time-frames that you choose for price action with will depend on the type of trader you are: for Scalping Traders the chart timeframes used for trading will be example of 1 minute chart timeframe & 5 minutes chart time frame.

Since it's always good to follow the trend when xauusd trading scalping, in Multiple Chart Timeframe Analysis, the longer 5 minute chart time frame gives us the direction of the long term trend when scalping trading using 1 Minute Chart Timeframe.

How Do I Interpret Scalping Trading with Different Chart Timeframes