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, gapped down and continued the consolidation inside the expanding multiple-day wedge chart pattern.
Bearish momentum continued as price action moved lower probing the prior day’s low area with the 20MA below the 200MA.
During pre-market, price action found minor support heading into the opening bell and after the opening bell, price action formed a 2X bottom (i.e., W-pattern) and continued to show strong evidence and confirmation of a mini market cycle phase 2 uptrend.
We took an ultra-aggressive trade LONG based on price action crossing above the prior resistance and opening bell 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.