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.
Price action continues to move higher over the last several days as a part of a multiple day mini market cycle phase2 uptrend with higher highs and higher lows. Overnight price action consolidated inside the prior day’s range in the upper 1/3rd of the intraday range. The 20MA continues to converge in an upward manner above the 200MA.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After a choppy opening bell, price action reversed and provided a multiple bar candlestick reversal pattern and we took an aggressive trade LONG. Price action went in our favor and we took 2.0+ points profits.
Mini Market Cycles Analysis: