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 reopened on Sunday afternoon and continued to show weakness from the multiple day mini market cycle phase 4. As price action consolidated the last couple of days sideways, momentum slowly moved towards the prior day’s low and eventually towards the 62% Fibonacci level for the initial mini market cycle phase 2 move. The 20MA continues to move downward with the 200MA above and converging lower as well. With the pre-market and the opening bell shortly approaching, we see price action retracing off the pre-market lows in a flag pattern heading into 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:

Price action immediately moved lower after the opening bell, and watching our 1-minute charts, we waited for confirmation of a lower swing pivot high, and then took an aggressive 3-bar reversal SHORT. Price action went slowly in our favor, we moved out stop to break even and took 2.0+ points profit.       

Duration: 3+ minutes

For ultra-aggressive traders, during the first-hour session, there were at least 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.

 

Extra Trades:

After the first flag pattern and follow thru, we patiently waited for more price action and lower highs on the 1-minute chart. We took another 3-bar reversal SHORT. Similar to the first ultra-aggressive scalp trade, price action slowly moved in our favor and we moved out stop to break even, and then took 2.0+ points profit.

Strictly using our ES 5 Minute COMPLETE Strategy, we get several scalp trading SHORT SIGNALS for multiple profits ranging from 2 – 6+ points profits…(i.e., remember that 2 points = $100)

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