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.
Yesterday, price action continued to move higher with strong momentum as price action remained in a mini market cycle phase 2. After-hours price action consolidated in the upper 1/3rd of the prior intraday range and the 20MA converged sideways during overnight and heading into the pre-market. Overnight price action also retraced in a flag pattern heading into the opening bell.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action consolidated sideways in a triangle pattern majority of the morning session and we patiently waited for confirmation of the markets finding minor resistance and then we took an ultra-aggressive scalp trade SHORT based on the triangle pattern breakdown. Once price action moved in our favor, we moved the stop to break even and we took 2.0+ points profits.
Mini Market Cycles Analysis: