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.

Pre-Market Analysis:

LIVE Detail Chart Analysis and Reviews provided in ES LIVE with digital video and audio.

So we watched our ES 5 Minute Complete rules and Market Cycle Analysis conditions for evidence of setups from Candlestick analysis, chart formations and patterns and price action.

Yesterday, price action continued to move higher with strong momentum as price action remained in a mini market cycle phase 2. After-hours price action consolidated in the upper 1/3rd of the prior intraday range and the 20MA converged sideways during overnight and heading into the pre-market. Overnight price action also retraced in a flag pattern heading into the opening bell.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

Explanation:

After the opening bell, price action consolidated sideways in a triangle pattern majority of the morning session and we patiently waited for confirmation of the markets finding minor resistance and then we took an ultra-aggressive scalp trade SHORT based on the triangle pattern breakdown. Once price action moved in our favor, we moved the stop to break even and we took 2.0+ points profits.        

Mini Market Cycles Analysis: