Trading on Multiple Charts Swing Strategy

15 Minute Swing Strategy Guide

Swing Traders

This swing xauusd group holds onto their trades for few days to a week. With the aim to make a large number of pips: 100 - 400 pips.

Swing trader using 1 hour chart timeframe wants to go short, checks 4 hour chart time frame, that resembles the example shown below, since 4 hour portrays the market trend is heading down, then decides from the analysis it is ok to sell.

XAUUSD Swing Trading on Multiple Charts - Chart Timeframes - 15 Min Swing Strategy Guide

XAUUSD Swing Trader traders using technical analysis use charts to try and attempt to predict the movement of price on the charts.

XAUUSD Swing traders will sometimes use two or more chart timeframes so as to determine the long term trend & short term trend.

How to Define a Price Trend for Swing Trading

Using a system that has Three indicators - MA Crossover System, RSI and MACD & using simple guidelines to define the market trend. The rules are:

Upward Trend

Both MAs Moving Up

RSI Indicator above 50 Mark

MACD Above Center Line

Downward Trend

Both Moving Averages Moving Down

RSI Indicator below 50 Mark

MACD Below Center Line

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

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