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Trading against the trend is considered very risky and is suitable for experienced traders who are well-versed in the current market situation, are able to recognize high-quality signals for possible pullbacks and reversals, as well as the moment of entering a trade (trading against the trend). Traders who trade against the trend usually open orders based on predictions that the trend will reverse soon. Such trading on reversals involves several variants of the vehicle.

 

Trading on pullbacks

Any strong trend is followed by pullbacks (the “Profit on Pullback” strategy). This is especially evident when any important economic news comes out. The price initially goes up under the pressure of the speculative channel (at this point, traders who adhere to conservative trading fix their orders), and then the price makes a reversal and moves in the opposite direction (at this point, traders who trade on reversals enter the “game”).

 

Important caveat: earlier we mentioned that on the NPBFX analytical portal you can find the trader’s economic calendar, where you will find all the important economic news. But in addition to this auxiliary tool, the analytical portal publishes daily fresh forecasts for the most popular traded assets. These forecasts will help you understand which way the price will move, and when it is likely that the movement will go in the opposite direction.( trading cryptocurrencies)

Scalping strategies

This type of trading involves making a profit on short price movements against the trend. The duration of such transactions is usually no more than 10 minutes.

Trading in the channel

Here, the band indicator is most often used for tradingBollinger. There are also support and resistance levels (since these are the most common areas where the price bounces). At these levels, they set pending orders in the opposite direction with a stop-loss level 1.5 times greater than the standard correction over the past few timeframes. (Forex trading)

Trading strategy based on intraday reversal + RSI + linesBollinger Bands

Timeframes: H1

Indicators: RSI and Bollinger Bands with standard settings

Buy order opening signal:

RSI values below 30 (in the oversold zone)

Price breaks through the 3rd Bollinger Bands indicator

on the H1 chart we wait for the candle from the zone between the third and second BB to enter the zone between the second and first BB

when the candle closes completely in zones 2-1, we open a buy trade.

Стоп-лоссWe set the stop loss at the minimum price value minus 10 points.

Стратегия Forex strategy based on intraday reversal

Example of opening a purchase transaction

Signal to open a sell trade:

RSI values greater than 70 (in the overbought zone)

Price breaks through the 3rd Bollinger Bands indicator

on the H1 chart we wait for the candle from the zone between the third and second BB to enter the zone between the second and first BB

when the candle closes completely in zones 2-1, we open a sell trade.

Stop-loss is set at the maximum price value plus 10 points.

Strategy based on intraday reversal and RSI

 

 

https://xsignals.one/p/forex-strategy

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Autor: bixek68757 jack | Vytvořeno: 24.10.2021

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