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 after finding minor support from Friday’s intraday lows, momentum continued to retrace back up towards the 20MA and the 200MA and then in overnight trading, price action continued towards the prior day high as it is transitioning to a mini market cycle phase 2 with a series of higher lows. From a birdseye view, price action continues to be in a multiple day mini market cycle phase 4 over multiple weeks.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action initially consolidated around the 20MA and the opening bell and then went higher above the opening bell. Momentum continued higher above the opening bell and waited for confirmation of follow thru and we took an ultra-aggressive entry LONG and price action went in our favor and we captured 2.0+ point.
Mini Market Cycles Analysis: