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…
Price action consolidated yesterday during the normal trading hours and continued in after-hours and overnight in a tight range. The 20MA continues to converge slightly upwards at it is extended and above the 20MA. With price action at all-time highs, markets starting to shows early signs of exhaustion.
During pre-market, price action formed a 2X bottom (i.e., W-pattern) and continued to show strong evidence and confirmation of a mini market cycle phase 2 uptrend. We took an ultra-aggressive trade LONG based on the Pre-market High flag pattern breakout and we captured 1.0+ 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.