2 Answers
<p>Countertrend scalping strategies aim to profit from temporary reversals or corrections against the prevailing trend. Examples of such strategies include fade trading, range trading, pivot point reversals, and divergence trading. These approaches involve entering trades against the trend, taking advantage of overextended price moves, range-bound market conditions, pivot point levels, or divergences between price and indicators. However, it's important to remember that countertrend scalping carries higher risks compared to trading with the trend. Traders using these strategies must closely monitor their positions, implement proper risk management, and be prepared to exit swiftly if the price continues in the trend direction.</p>
1 View
<p id="isPasted">Yes, there are a number of countertrend strategies for scalping. Here are a few examples:</p><p>Moving Average Convergence Divergence (MACD) Crossover: This strategy involves looking for a crossover of the MACD lines. When the MACD line crosses above the signal line, it is a signal to buy. When the MACD line crosses below the signal line, it is a signal to sell. This strategy can be used to scalp both uptrends and downtrends.</p><p>Relative Strength Index (RSI) Divergence: This strategy involves looking for a divergence between the RSI and the price. When the RSI diverges from the price, it is …</p>
Please select pages to share
shared
