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.

Similar to yesterday, price action continued the strong momentum from intraday in after-hours and crossed above the prior day’s high and continued the previous uptrend in after hours and pre-market heading into the opening bell. The 20MA continues to converge upwards and away from the 200MA.

Volatility continues to be extremely high with excessive intraday ranges.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

 

Explanation:

Price action moved upwards after the opening bell and once we had confirmation of a higher swing pivot low on the 1-minute chart, and a 3-bar candlestick reversal pattern, we took a LONG setup and micro-managed the trade and took 2.0+ points profit. 

Duration: none

For ultra-aggressive traders, during the first-hour session, there were 2 aggressive entries that could lead to quick small profits.

For traders focused on higher quality trading, there were 1 good candlestick or chart pattern setups for quick profits.

 

Extra Trades:

5-Next

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