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.
Similar to yesterday, price action continued the strong momentum from intraday in after-hours and crossed above the prior day’s high and continued the previous uptrend in after hours and pre-market heading into the opening bell. The 20MA continues to converge upwards and away from the 200MA.
Volatility continues to be extremely high with excessive intraday ranges.
Pre-market Economic news and reports…
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Price action moved upwards after the opening bell and once we had confirmation of a higher swing pivot low on the 1-minute chart, and a 3-bar candlestick reversal pattern, we took a LONG setup and micro-managed the trade and took 2.0+ points profit.
For ultra-aggressive traders, during the first-hour session, there were 2 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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