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 rolled over yesterday during normal trading hours and then proceeded to cross below the prior day’s low and continue moving lower towards the ascending support area (i.e., labeled by dash black line). During the late day session and in after-hours, price action found minor support and retested the support area before beginning to retrace back upwards. Notice the 20MA crossed below the 200MA and slightly converged back upwards the 200MA again.
Pre-market Economic news and reports…
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Price action started to break down below the pre-market consolidation area and multiple swing pivot lows. We patiently waited for price action to close near intraday lows and took an aggressive SHORT entry. Initially, price action was very choppy and before we could exit the trade, momentum changed and starting going in our favor and we micro-managed the trade and captured 2.0+ points profit.
Duration: 4+ minutes
For ultra-aggressive traders, during the first-hour session, there were 3 ultra-aggressive entries that could lead to quick small profits.
For traders focused on higher quality trading, there were 1 good candlestick or chart pattern setups for quick profits.
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