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 continued the multiple day mini market cycle phase 2 during normal trading hours yesterday and then found minor resistance in after-hours as it retested the upper boundary with a 2X top. Overnight price action consolidated around the 20MA and started to retrace 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 catapulted higher the first few minutes and crossed above the prior day high. We patiently waited for confirmation of a higher low with follow thru and we took an ultra-aggressive entry LONG based on new intraday highs and price action went in our favor and we captured 2.0+ point.
Mini Market Cycles Analysis: