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.

Price action continues to move higher over the last several days as a part of a multiple day mini market cycle phase2 uptrend with higher highs and higher lows. Overnight price action consolidated inside the prior day’s range in the upper 1/3rd of the intraday range. The 20MA continues to converge in an upward manner above the 200MA.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

Explanation:

After a choppy opening bell, price action reversed and provided a multiple bar candlestick reversal pattern and we took an aggressive trade LONG.  Price action went in our favor and we took 2.0+ points profits.     

Mini Market Cycles Analysis: