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.
After a strong bearish move yesterday during normal trading hours, price action found some minor support and a 2X bottom near the intraday lows and reversed direction. Once momentum started to retrace inside the prior day’s range, a series of higher highs and higher lows with flag patterns continued in after-hours and overnight while converging around the 20MA upwards towards the 200MA. Price action continued the mini market cycle phase 2 heading into the pre-market and opening bell.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action immediately moved lower and once we had confirmation of a lower high, we took several aggressive SHORT entries based on breakdowns and flag patterns. Price action slowly moved in our favor and we captured 2.0+ points profit on multiple trades.
Mini Market Cycles Analysis: