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 rallied upwards toward the intraday highs from Friday before finding minor resistance and a 2X top. Overnight price action crossed below the 20MA and moved lower with the 20MA 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 went up and immediately reversed on the 1-minute charts with a 2-bar candlestick reversal pattern. We patiently waited for confirmation of follow thru near new intraday lows and we took an ultra-aggressive entry SHORT and price action went in our favor and we captured 4.0+ point.
Mini Market Cycles Analysis: