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 re-opened Sunday afternoon and find some minor support immediately after the open and retraced almost 1/2 of the prior normal trading activity from Friday. Momentum stalled and rolled over and consolidated around the 20MA and then started to form a series of lowe highs as it retested the previous swing pivot low area. The 20MA continued to converge lower and away from the 200MA 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 continued the pre-market mini market cycle phase 4 downtrend. We took multiple ultra-aggressive SHORT entries based on new intraday highs. Price action slowly moved lower and we captured 6.0+ point profit in each trade.
Mini Market Cycles Analysis: