This commentary will focus on the first 60-90 minutes after the Opening Bell. However, our strategies can and will provide setups the entire trading day.
The Easiest Way To prepare for Scalp Trading the ES E-Mini Futures.
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Pre-market Economic news and reports…
Using the 5-minute chart, price action broke below the mini market cycle phase 3 and formed a lower high. We took an aggressive SHORT and took 2+ points profit.
Using Market Cycle strategies, took 3-bar reversal setup SHORT. Price action slowly went in our favor and we took 2+ points profits.
Continuing to follow the mini market cycle phase 4, we took another SHORT. Price action continued to show good bearish momentum. Took 2+ points profit.
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