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 first hour and continued the multiple day mini market cycle phase 2 uptrend with a series of higher highs and higher lows. Overnight price action initially consolidated in a flag pattern and found minor support and then broke out with strong bullish momentum as it crossed above the prior day’s high and continued higher before forming a flag pattern heading into pre-market.
During pre-market, price action moved slightly lower in a flag pattern with all the weight-of-evidence bullish heading into the opening bell.
The 20MA continued to be above the 200MA heading into the opening bell.
After the opening bell, price action moved downward with bearish momentum we took an ultra-aggressive counter-trend trade SHORT based on the new intraday lows and the flag pattern breakdown 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.