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 to move lower yesterday during normal trading activity in the multiple day mini market cycle phase 4 downtrend with a series of flag patterns. Momentum during after-hours stalled and consolidated sideways at it oscillated around the 20MA near the middle of the prior day’s intraday range. With price action flattening, the 20MA continued to be below the 200MA heading into pre-market and the opening bell.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action initially oscillated around the opening bell and formed a triangle pattern. We patiently waited for confirmation of the triangle breakout and new intraday highs and we took an ultra-aggressive LONG entry based on new intraday highs. Price action slowly moved higher and we captured 4.0+ point profit in each trade.
Mini Market Cycles Analysis: