Every Day we use the following Scalp Trading Strategies…
Top-down approach starting with using the 30-minute charts. Price action consolidated most of yesterday’s trading activity until the late day session where momentum pushed price action towards new all-time highs. During after-hours, momentum stalled and aggressively rolled over and continued to move lower below the 20MA and the prior day’s low with a series of flag patterns and lower highs and lower lows in the mini market cycle phase 4 downtrend. The 20MA started to converge downwards towards the 200MA heading into pre-market and the opening bell. Price action retraced off the overnight lows in a flag pattern heading towards the 20MA during pre-market and before the opening bell.
During pre-market, price action consolidated inside an extended flag pattern back towards the 20MA heading into the opening bell.
The 20MA continued to be slightly above the 200MA heading into the opening bell.
During pre-market, price action formed a W-pattern and patiently waited for confirmation of the mini-market cycle phase 2 uptrend and we took an ultra-aggressive based on flag pattern 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.