7 Best Short Term Trading Strategies to Try in Olymp Trade

Are you a trader in Olymp Trade? Do you prefer short to long positions when trading? Then chances are, you have been looking for the best short term trading strategies to apply on your Olymp Trade Account.

To compensate your frustration from long searches from other sites, Joon Online will give you exactly what you have been searching for. 

In today’s post we show you 7 best short term trading strategies to try on your Olymp Trade account.

Beginning with: –

1. Scalping.

Scalping is a short term trading strategy which involves analyzing charts, executing and exiting trades in a matter of minutes.

This trading strategy is for those Olymp Trade traders who love fast results, while still ready to apply high expertise and experience in correct prediction.

Because it is fast paced, you will enter and exit so many trades within the day. And lucky for you if your winnings are more than your loses.

2. Moving Average Crossover.

Moving averages are known to form very effective trading strategies.

When you are thinking of short term trading, you need to use short period moving averages such and MA 10 and 20.

Using long period moving averages like MA 100, 200 and so on, will be unsuitable for short term trading on Olymp Trade.

After applying the two moving averages, a short and long moving averages, it’s now time to trade. Observe the two moving averages and trade once they crossover.

Trade up if the short moving average crosses over the long on upwards and down if the short moving average crosses over the long one downwards.

3. Pullback Trading.

Strong uptrend and downtrends are interrupted by short-lived price reverses before they shortly resume.

These short-term reversals are called pullbacks or retracements.

What needs to stick in your mind is that after every pullback, the primary trend will resume.

Ideally, pullbacks provide you the perfect opportunity to buy low or sell high.

And if you get it right, you stand a bigger chance to win that trade.

Wondering how to trade pullbacks?

Spot a strong trends first, then wait until the price seems to reverse. You will know it was a pullback when the price starts resuming the initial trend.

Enter the trade in the direction of the initial trend.

Are pullbacks suitable for Olymp Trade short term trading? Definitely.

4. Momentum Trading.

Price momentum proceed in the direction of the trend. The worst mistake you can do is to trade against the price momentum or trend.

What is  best to do when trading this strategy, is to trade the direction of the momentum. If the price seems to display so much momentum upwards, you are best suited to buy.

What if the price displays so much momentum downwards? GO ahead and sell.

Always obey the trend and momentum and you will be safe surfing the markets.

Momentum trading is a common short term trading strategy because the price is always showing momentum in either direction.

5. Range Trading.

A price range is where the price trades in a confined channel between an upper level and a lower level.

These levels may be horizontal support and resistance levels or any other diagonal levels, as long as it is a channel.

But how do you trade price ranges?

Ranges are traded similar to support and resistance levels – you buy at the lower level and sell at the upper level. This is because the price tends to reverse upon hitting either levels.

Here is the catch.

Do not enter the market just immediately. Rather, wait for successful retesting of the upper or lower level.

Afterwards, you can trade.

6. Breakout Trading

A breakout is a condition where the price trades out of a predetermined range and moves away from such a range.

Determine a range of levels where the price tends not to break upwards or downwards first. Then wait until that level is broken upwards or downwards.

Once the price breaks out of the range, be patience until the price falls or rises again to that same level it has broken.

The price must not break back into the range. If the retesting occurs severally with success, then enter the market.

Speed is key in trading breakouts.

You must enter the trade immediately the breakout is confirmed so that the incoming trend does not leave you behind.

7. Reversal Strategies.

These short term trading strategies rely heavily on your capacity to identify reversals in the current trends.

Reversals can happen either upwards or downwards.

You can predict which side a reversal will happen to by observing the price.

Ideally, prices make overrated swing highs and swing lows when they are about to change direction.

But that information alone isn’t enough to decide when to trade? 

If such exaggerated swings occur at the same levels as pivot points, support levels or resistance levels, then you can be sure that a reversal will happen.