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 as momentum pushed price action above the prior day’s high. Price action continued the bullish mini market cycle phase 2 uptrend during after-hours as it continued to fill the gap from Sunday afternoon. The 20Ma continued to converge upwards towards the 200MA as the markets anticipate the FOMC results.
During pre-market, price action consolidated in an extended flag pattern heading into the opening bell with multiple attempts at probing above the overnight highs area.
The 20MA crossed above the 200MA heading into the opening bell.
After the opening bell, price action moved lower and crossed below multiple prior swing pivot lows and minor support areas from pre-market. We waited for confirmation of a lower high and lower low then we took an ultra-aggressive trade SHORT based on the new intraday lows and 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.