Every Day we use the following Scalp Trading Strategies…
Top-down approach starting with using the 30-minute charts. Price action consolidated yesterday morning before attempting to move higher towards the all-time highs area. 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 with the 20MA flatten and slightly above the 200MA heading into the opening bell.
During pre-market, price action continued to remain inside the prior day’s range and inside an extended triangle pattern heading into the opening bell.
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 near the all-time highs.
After the opening bell, price action aggressively reversed off the pre-market lows and continued the bullish momentum after the opening bell. We waited for confirmation of bullish momentum and follow thru and we took an ultra-aggressive trade LONG based on the new intraday highs 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.