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.
From a birds-eye view, price action paused and consolidated yesterday inside the prior day’s range and continued in overnight trading/ Momentum continued to be in a multiple day mini market cycle phase 2 with healthy retracements. The 20MA continued to slightly move higher above the 200MA as price action oscillated around the 20MA 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 moved lower and after confirmation of lower high and lower low, we patiently waited for a flag pattern break down and took an aggressive entry SHORT and new intraday lows and captured 2.0+ points profit.
Mini Market Cycles Analysis: