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.
With yesterday’s economic news, price action found an upper boundary of resistance and the 2X top area, then proceeded aggressively with the phase 4 downtrend and lower highs and lower lows heading into after hours where eventually it found minor support and then began retracing off the lows back into the prior day’s range heading into the pre-market and opening bell. The 20MA was extended from the 200MA and now is converging back towards it.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
Immediately after the opening bell, we used our pre-market analysis of the mini market cycle phase 2 to be ultra-aggressive with price action closing above the opening bell on the 1-minute chart and took a LONG setup and micro-managed the trade and took 5.0+ points profit.
Duration: 3+ minutes
For ultra-aggressive traders, during the first-hour session, there were 2 aggressive entries that could lead to quick small profits.
For traders focused on higher quality trading, there were 1 good candlestick or chart pattern setups for quick profits.
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