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.

Overnight price action continued the momentum from Friday and Sunday afternoon and crossed above the prior day’s high. The 20MA continued to converge upwards above the 200MA as previous price action found a 2X bottom over multiple days and a mini W pattern on Friday. Watching for confirmation of higher low for the continuation of phase 2 uptrend.

Volatility continues to be extremely high with excessive intraday ranges.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

 

Explanation:

Price action immediately after the opening bell rallied above the prior day’s high and found some minor resistance before rolling over and retracing 100% back towards the opening bell and then started to form a series of lower highs and lower lows on the 1-minute chart.  We took several ultra-aggressive SHORT setups below the opening bell based on candlestick reversal patterns. We micro-managed the trade and took 2.0+ points profits from each of them.

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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