pThis 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.

Overnight price action initially moved lower in the lower 1/3rd of the prior day’s intraday range before continuing to form a flag pattern and crossing below the prior day’s low. With the 20MA continuing to converge downward and below the 200MA, markets continuing to show the bearish weight of evidence.

Price action found minor support in pre-market and retraced off the lows 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:

Price action continued the bearish momentum after a series of overlapping candlestick bars the first few minutes after the opening bell and continued to move downward with a series of lower highs and lower lows. We took several SHORT setups based on using a stop-limit order at intraday lows. As price action went in our favor, we moved our stops to break even and then took 2.0+ points profit from all of the trades.   

Duration: 15+ minutes

For ultra-aggressive traders, during the first-hour session, there were at least 3 aggressive entries that could lead to quick small profits.

For traders focused on higher quality trading, there were at least 2 good candlestick or chart pattern setups for quick profits.

Extra Trades:

 

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