- Trendline break in opposite direction of trend after an "extreme" signal from Chaos Visual Averages
- Or trendline break in opposite direction of trend after TDI signal cross
- Or 9 period RSI trendline break (trendline drawn on RSI) on 4 hour chart
For aggressive and quick retracement (mean reversion) scalping I will take counter trend trades whenever price "bursts" and touches:
- The Monthly, Weekly, Daily and 4H 200 Moving Average
- The Monthly, Weekly, Daily and 4H major horizontal support and resistance lines
- Whenever price on the 1 hour chart touches or breaks through the outer Bollinger Bands on settings 20, 3
The above techniques are quite risky in strong trends not to mention psychologically draining, but the trade off is you can easily make a fortune trading these techniques.
Example of an aggressive scalping chart I use on the 1H timeframe for mean reversion trading.
Once the outer Bollinger Bands 20, 3 have been touched during volatile movements a gray dot will display on that candle I'll go short.