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.
LIVE Detail Chart Analysis and Reviews provided in Inner Circle LIVE Trading Room with digital video and audio.
Economic News: Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
Yesterday, price action formed a 2X top during normal trading hours and with the upper boundary of resistance, momentum pushed price action lower. After a 100% retracement, the late-day session continued to see bearish momentum with a series of lower highs and lower lows as the markets start to anticipate the FOMC results. Overnight price action found minor support and retraced off the overnight lows heading into the pre-market and opening bell.
After the opening bell, price action continued the pre-market bearish mini market cycle phase 4 downtrend and we took an ultra-aggressive trade SHORT based on the Prior Day Low breakdown and we captured 2.0+ points.
Mini Market Cycles Analysis
Normally we go for at least $400 profit with 1 contract and more profits with 2+ contracts each day and adapt or adjust based on the intraday market conditions to make it easier for pursuing our Daily trading goals.
Why is $400+ the magic number every day?
Because with discipline and focus every day, you compound your profits and start making $2,000+ every week or $100,000 after 50+ weeks. So every day…follow us and start your journey towards making $400+ every day.