Every Day we use the following Scalp Trading Strategies…
Top-down approach starting with using the 30-minute charts. Yesterday, price action rallied and retraced a 100% of the prior move indicating early signs os the markets starting to lose momentum and be exhausted. Price action restarted the bullish momentum after breaking out of an extended triangle chart pattern and continued higher as it crossed above the prior day’s high ara and the triangle pattern high. Overnight price action consolidated near the all-time highs and in an extended flag pattern as it retraced back towards the 20MA in pre-market and heading into the opening bell.
During pre-market, price action continued to remain inside an overnight flag pattern after momentum pushed price action above the prior day’s high yesterday during after-hours.
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 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.