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 crossed below the multiple day triangle lower boundary and continued the aggressive mini market cycle phase 4 downtrend with lower highs and lower lows before finding minor support at the intraday lows area. Support continued to hold temporarily and momentum retraced back above 20MA and continued overnight. The 20MA started to converge back towards the 200MA heading into the pre-market and opening bell.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action moved higher and continued the pre-market mini market cycle phase 3 uptrend. We waited for confirmation of follow-thru and we took an ultra-aggressive entry LONG based on the flag pattern breakout and price action went in our favor and we captured 2.0+ point.
Mini Market Cycles Analysis: