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 gapped down with a continuation of the bearish momentum and mini market cycle phase 4 from Friday. Price action converged in a triangle pattern overnight and remained below the 20MA as momentum pushed price action lower to new overnight lows heading into pre-market and the opening bell.
During pre-market, price action crossed the lower boundary of the overnight triangle pattern and continuing to move lower.
The 20MA continued to converge below the 200MA heading into the opening bell.
After the opening bell, price action aggressively moved lower and crossed below the pre-market flag pattern lows and we took an ultra-aggressive trade SHORT based on the new intraday lows and we captured 1.0+ 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.