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 moved lower with an extend intraday range and found minor support in the late-day session yesterday, and after retesting the intraday lows, price action began retracing during after-hours and continued overnight. With momentum continued to build off the lows, price action crossed the 20MA and converged back into the middle of the intraday range heading into pre-market and the opening bell. The multiple day market cycle phase 4 still remains from the low highs and lower lows as the current retracement (i.e., flag pattern) has crossed above the descending resistance area.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
For ultra-aggressive traders, during the first-hour session, there were no quality ultra-aggressive entries that could lead to quick small profits.
For traders focused on higher quality trading, there were no good candlestick or chart pattern setups for quick profits.
Unlock more trading tools to improve your trading instantly…