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.
Overnight price action continued the downward trend with lower highs and lower lows as price action crossed below the intraday lows and moved lower. The 20MA continued to converge downwards below the 200MA as price action found minor support heading into pre-market and the opening bell.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action moved slightly higher with a series of flag patterns and higher lows. We patiently waited for the flag pattern setup and to an aggressive LONG entry. Momentum continued to move higher and we took 2.0+ points profits.
Mini Market Cycles Analysis: