Every Day we use the following Scalp Trading Strategies…
Top-down approach starting with using the 30-minute charts. Price action rallied yesterday after initially consolidating around the opening bell. Bullish momentum continued to push price-action towards new all-time highs and the 20MA continued to converge upwards above the 200MA. After finding minor resistance in after-hours, price action seemed a little exhausted as it aggressively retraced downward back into the prior day’s range.
During pre-market, price action continued to remain inside the prior day’s range.
Price action oscillated around the 20MA on our macro time frame and converging inside a potential triangle chart pattern with an upper boundary of resistance.
After the opening bell, price action continued the pre-market downtrend with a series of lower highs and lower lows. We waited for confirmation of a candlestick reversal pattern 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.