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 the holiday weekend, overnight price action moved lower int the mini market cycle phase 4 with lower highs and lower lows. The 20MA continued to converge lower below the 200MA as price action retested the lower boundary of a multiple week consolidation area.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action initially consolidated before moving higher. We patiently waited for the triangle pattern breakout and to an aggressive LONG entry. Momentum continued to move higher and we took 2.0+ points profits.
Mini Market Cycles Analysis: