Trading on Multiple Charts XAUUSD Scalping Strategy

1 Minute Scalping Strategy PDF

Scalpers

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

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

XAUUSD Scalping on Multiple Charts - Chart Timeframes - 1 Minute Scalping Strategy Guide

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

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

How Do I Define a Price XAUUSD Trend for Scalping XAUUSD

Using a xauusd system that has 3 indicators - MA Cross-over System, RSI & MACD and using simple rules to define the trend. The rules are:

Upward Trend

Both Moving Averages Moving Up

RSI above 50 Level

MACD Above Center-Line

Down-ward Trend

Both MAs Moving Down

RSI below 50 Level

MACD Below Centerline

Multiple Charts time frames analysis equals using 2 chart time frames to trade xauusd - a shorter one used for trading & a longer one to check trend - timeframes that you select 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 is always good to follow the trend when xauusd scalping, in Multiple Chart Time-Frame Analysis, the longer 5 min chart time-frame gives us the direction of the long-term trend when scalping trading using 1 Minute Chart Time-Frame.