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.
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Price action consolidated sideways around the 20MA in the prior day’s range during after-hours and overnight as the markets are anticipating the results from the FOMC meetings. The initial retracement from the prior overnight lows formed a lower high.
After the opening bell, price action consolidated sideways and then formed a multiple bar candlestick reversal pattern with bullish momentum as it moved higher towards the intraday highs.
We took an ultra-aggressive LONG trade based on new intraday high breakout and we captured 1.0+ points profit.
Mini Market Cycles Analysis
Normally we go for at least $400 profit, but today was extremely choppy market conditions.
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.