Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

Top-down approach starting with using the 30-minute charts. Price action reversed yesterday during the normal trading hours and retraced 100% back towards the opening bell and continued to move lower below the 20MA. During after-hours, bearish momentum continued with price action moving below the prior days low. Overnight momentum found minor support at the prior day’s low area and slowly retraced back towards the 20MA and the prior day’s low. Price action continued the weakness crossing below the 20MA and retesting the overnight low area heading into pre-market and the opening bell.   

During pre-market, price action consolidated inside an extended flag pattern off the overnight lows and moved back towards the 20MA heading into the opening bell.

The 20MA continued to be aggressively below the 200MA heading into the opening bell.  

All week, markets have been very volatile and aggressive. Price action continued the bearish momentum and we took an ultra-aggressive SHORT based on flag pattern breakdown 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.