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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Pre-market Economic news and reports…
Overnight price action consolidated in the prior days range near prior day highs. Our pre-market analysis continues to show the hourly chart and price action being range-bound. Over the last several days, price action continues to have the majority of its setups failing or with very little follow thru. Decided to sit on hands.
With price action crossing below the prior day’s low and the flag pattern setup, we took a SHORT and with price action immediately moving in our favor, we moved the stop to break even for a “free trade”. Managing the trade, we took 2.0+ points profit.
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