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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Overnight price action for the ES Emini Futures consolidated inside the prior day’s range after price action retraced 100% and eventually found minor resistance near the all-time highs area. After being oscillating around the 20MA, price action started to slowly form lower highs and lower lows heading into pre-market and the opening bell.
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Immediately after the opening bell, markets show no evidence of trending with lots of choppy price action and overlapping candlestick bars. Decided to sit on hands.
For ultra-aggressive traders, with price action consolidating inside the prior day’s range, no setups considered to be good enough for aggressive trading.
For traders focused on higher quality trading, one (1) possible 3-bar reversal candlestick LONG pattern presented quick profits.
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