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 rallied yesterday during normal trading hours and continued the strong momentum overnight as it formed a series of higher highs and higher lows while oscillating around the 20MA. Price action crossed above the prior day’s high and maintained it’s momentum heading into the pre-market and opening bell. The 20MA crossed above the 200MA and continued to converge upwards.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action consolidated sideways majority of the first hour and then momentum broke below the minor support area and we took an aggressive SHORT entry. Price action slowly moved in our favor and we captured 2.0+ points profit.
Mini Market Cycles Analysis: