Trading on Multiple Charts XAUUSD Swing Trading Strategy
15 Minute Swing Trading Strategy Guide
Swing Traders
This swing xauusd group holds on to their gold trades for a few days to a week. With the objective to make a large number of pips: 100 - 400 pips.
Swing xauusd trader using 1 hour chart xauusd chart timeframe wants to go short, checks 4 hour chart xauusd chart time-frame, which looks like the xauusd example shown below, since 4 hour shows the xauusd trend is going down, then decides from this technical analysis it is ok to sell.
XAUUSD Swing Trading on Multiple Charts - Chart Time-frames - 15 Min Swing Trading Strategy Guide
XAUUSD Swing Trader traders using technical analysis use xauusd charts to try & attempt to predict the movement of gold trading price on the gold charts.
XAUUSD Swing traders will sometimes use two or more xauusd chart time-frames so as to determine the long term xauusd trend and short term gold trend.
How to Define A XAUUSD Price XAUUSD Trend for Swing Trading
Using a xauusd system that has Three indicators - Moving Average Crossover System, RSI and MACD and using simple rules to define the gold trend. The trading rules are:
Upwards XAUUSD Trend
Both MAs Moving Up
RSI above 50
MACD Above Center line
Downwards XAUUSD Trend
Both MAs Moving Down
RSI below 50
MACD Below Center line
Multiple xauusd charts timeframes analysis equals using 2 chart time-frames to trade xauusd - a shorter xauusd chart time-frame used for trading and a longer chart timeframe to check the xauusd trend - chart timeframes that you choose for gold trading 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 xauusd chart time-frame & 4 hour xauusd chart time frame.
Since it is always good to follow the xauusd trend when xauusd Swing Trading, in Multiple Chart Time-frame Analysis, the longer 4 hour xauusd chart timeframe gives us the direction of the long-term xauusd trend when Swing trading using the 1 hour Gold Chart Time-frame.
