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.

From a birds-eye view, price action paused and consolidated yesterday inside the prior day’s range and continued in overnight trading/ Momentum continued to be in a multiple day mini market cycle phase 2 with healthy retracements. The 20MA continued to slightly move higher above the 200MA as price action oscillated around the 20MA heading into pre-market and 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 moved lower and after confirmation of lower high and lower low, we patiently waited for a flag pattern break down and took an aggressive entry SHORT and new intraday lows and captured 2.0+ points profit.   

 

Mini Market Cycles Analysis: