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 gapped up Sunday afternoon and continued the strong multiple day mini market cycle phase 2 uptrend. Momentum continues to move higher with breakouts as the 20MA converges upwards and above the 200MA. Heading into pre-market, price action retraced off the premarket highs towards the overnight gap. With price action breaking prior day highs, the rate of speed is getting stronger.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action initially consolidated with lots of candlesticks below the opening bell. We patiently waited for the 1-minute charts to confirm momentum moving lower and towards new intraday lows and we aggressively took a SHORT entry based on a new intraday lows. Momentum moved in our favor and we easily captured 2.0+ points profit.
Mini Market Cycles Analysis: