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 gapped up Sunday afternoon after the markets reopen and continued to consolidate inside the prior day’s price action and the multiple day triangle pattern. With a strong upper boundary of resistance, the markets continue to attempt to move higher and fail. The 20MA is slightly converging above the 200MA as price action is struggling to find direction.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

 

Explanation:

With the upper boundary of resistance, price action continues to repeat rolling over. Momentum started to move lower below the opening bell and we took and ultra-aggressive SHORT entries based on new intraday lows. Once price action went in our favor, took 2.0+ points profit.         

Duration: 3+ minutes

For ultra-aggressive traders, during the first-hour session, there were 2+ quality ultra-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.

 

Mini Market Cycles Analysis:

Market Recap & Trade Reviews and Discussions

 

 

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