Every Day we use the following Scalp Trading Strategies…
Top-down approach starting with using the 30-minute charts. Price action rallied yesterday during the normal trading hours and remained very bullish all day as the 20MA continued to converge above the 200MA.
Momentum stalled during after-hours as price action consolidated around the prior day’s high area and found minor resistance during the overnight trading. Price action continued to consolidate in a flag pattern during pre-market heading into the opening bell.
During pre-market, price action oscillated slightly under the 20MA and inside an extended flag pattern while remaining in a mini market cycle phase 2 uptrend.
The 20MA started to flatten with price action underneath it and price action slowly moving lower inside the flag pattern.
We took an ultra-aggressive trade SHORT based on the pre-market triangle pattern 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.