Every Day we use the following Scalp Trading Strategies…
Top-down approach starting with using the 30-minute charts. Price action rallied yesterday afternoon and continued during after-hours as momentum pushed price action back above the prior day’s highs and towards new all-time highs. Overnight price action found minor resistance and retraced back towards the 20MA in an extended flag pattern heading into pre-market and the opening bell. The 20MA continued to converge upwards away from the 200MA heading into pre-market and the opening bell.
During pre-market, price action consolidated inside an extended flag pattern and 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 continued the mini market cycle phase 4 downtrend and we took an ultra-aggressive counter-trend trade SHORT based on the new intraday lows breakdown 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.