Multiple Scalping Setups for Micro E-mini

Today was a scalper’s dream day. There were multiple setups that lead to some good points scalps up and down.

If you’re familiar with the two-legged pullback entry setup, today’s chart will look like a Picasso work to you. It was a trading range day and plenty of high probability entries.

Two-legged pullback entries are high probability setups. They give traders a 60% probability that the trade may work in their favor. I start counting on a new high or a new low.

In the chart, my count starts on the bar marked zero. If the color is green, I’m counting long entries, otherwise I’m counting shorts.

When the leg looks bearish to me, I will count for longs and when the second long bar is bearish and moving away from a key level entry, that is a high probability setup.

In contrast, when the leg looks bullish, I will count for short and when the second short bar is bullish and moving away from the key level entry, that will be a good setup as well.

I always trade in the direction of the leg. I also use stop orders (buy stop or sell stop) to go along with the direction of the leg. This is key.

Key level entries are trend lines, 20-bar moving average, and swing points.

Drop me a note in the comments section if you need help reading this chart.

I am not a professional investment adviser and my opinions are based on my own technical analysis. Please consult an investment professional before making investment decisions.

Do your due diligence if or when placing a trade. All ideas stated here are my own and do not represent trading or investment advice.