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:

Detail Chart Analysis and Reviews provided in new & improved video format with audio.

Economic News:

Pre-market Economic news and reports…

 

Explanation:

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.

ES Emini Futures overnight price action began building momentum after finding minor support slightly under the prior day’s low and after the abrupt sell-off in yesterday’s late-day session. Momentum started to move higher with a series of higher highs and higher lows heading into the pre-market before consolidating sideways. Price action continues to be inside the prior multiple day range.

With pre-market price action forming a 3X top and lower high from a flag pattern, we took a SHORT with a minimum position size and as price action we slowly in our favor, we moved the stop to break even, we then scaled out of partial position with 1.0+ point profit and then with no additional follow thru closed the remaining position with 1.0+ points profit.

For ultra-aggressive traders, with markets excessively choppy and price action inside the pre-market range, there were no really good setups this morning.

For traders focused on higher quality trading, similar to the ultra-aggressive trading conditions, there were no quality setups this morning session.

Duration: 5+ minutes

Extra Trades:

Once price action showed enough weight of evidence that it was not moving lower, we patiently watched the 1-minute charts as we had a series of higher highs and higher lows from flag patterns, and we took a LONG setup and moved our stop to break even after price action went in our favor. Using a trailing stop, took 2.0+ points profit.

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