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 dramatically moved lower yesterday in a mini market cycle phase 4 during normal trading activity with a series of lower highs and lower lows. With the increase in volatility, price action continues the multiple day mini market cycle phase 4 as the 20MA converged lower before the markets found minor support at the intraday lows and significantly retraced almost 50% back inside the intraday range as the 20MA and the 200MA converged together. Overnight price action maintained as it oscillated around the 20MA and 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 initially moved above the opening bell and then retraced with a flag pattern and higher low. Momentum continued higher above the opening bell and we waited for confirmation of follow thru and we took an ultra-aggressive entry LONG and price action went in our favor and we captured 4.0+ point.
Mini Market Cycles Analysis: