Every Day we use the following Scalp Trading Strategies…
Top-down approach starting with using the 30-minute charts. Price action retraced yesterday during the normal trading hours and found minor support near the intraday lows area. After-hours momentum started to converge off the lows back towards the 20MA and continued overnight forming the lower boundary of the extended triangle pattern. 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 trianlge pattern and above 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 2 uptrend and we took an ultra-aggressive based prior day high crossover 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.