Every Day we use the following Scalp Trading Strategies…
Top-down approach starting with using the 30-minute charts. Price action re-opened Sunday afternoon and continued the mini market cycle phase 4 downtrend with very little momentum. The 20MA continued to converge towards the 200MA as price action crossed below the prior day’s low area and retraced back towards the 20MA overnight and heading into pre-market and the opening bell.
During pre-market, price action consolidated sideways and oscillated around the 20MA heading into the opening bell.
The 20MA continued to be above the 200MA heading into the opening bell.
After the opening bell, price action aggressively moved higher with bullish momentum and we took an ultra-aggressive trade LONG based on the new intraday highs breakout and we captured 2.0+ points.
Mini Market Cycles Analysis
Normally we go for at least $400 profit with 1 contract and more profits with 2+ contracts each day and adapt or adjust based on the intraday market conditions to make it easier for pursuing our Daily trading goals.
Why is $400+ the magic number every day?
Because with discipline and focus every day, you compound your profits and start making $2,000+ every week or $100,000 after 50+ weeks. So every day…follow us and start your journey towards making $400+ every day.