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 and consolidated sideways as the markets extended over the holiday during Monday with slightly lower highs and lower lows. With price action near the area of the all-time high, early signs of exhaustion continue to indicate small momentum moves. More resistance caused price action to stall and reverse direction in the late day session and after-hours. Indecisive market conditions are causing more consolidation during overnight and pre-market in multiple flag patterns with the 20MA converging downward towards the 200MA heading into the opening bell.
Price action oscillated around the 20MA on our macro time frame and converging inside a potential flag pattern.
After the opening bell, price action aggressively moved higher and crossed above the pre-market resistance levels and we took an ultra-aggressive trade LONG based on the new intraday highs and we captured 4.0+ 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.