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.
Price action consolidated in after-hours after finding minor resistance at the prior day’s high and a 2X top. The 20MA extended away from the 200MA flattened and started to converge back towards each other. Momentum started to retrace back inside the upper 1/2 of the prior day’s range heading into the pre-market and opening bell.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action went below the opening bell and continued with a series of lower highs and lower lows in a mini market cycle phase 4. We waited for confirmation of follow-thru and we took an ultra-aggressive entry SHORT based on new intraday lows and price action went in our favor and we captured 2.0+ point.
Mini Market Cycles Analysis: