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.
Detail Chart Analysis and Reviews provided in new & improved video format with audio.
Pre-market Economic news and reports…
This weekend, overnight price action for the ES Emini Futures started to form lower highs and lower lows heading into pre-market. Price action did find some minor support in pre-market with a potential 2X bottom (i.e., M Pattern). For the last several days, price action has been consolidating in the prior day’s ranges.
Note: 20 Sessions can be scheduled over multiple weeks or months.
Price action continued to be choppy with no direction.
For ultra-aggressive traders, possibly one breakout setup for small quick profits.
For traders focused on higher quality trading, because markets are not trending, all candlestick patterns did not show any follow thru, so no quality setups this morning session.
Price action crossed below the prior day’s low and we took and aggressive SHORT. Once price action went in our favor, we moved the stop to break even, and then using a trailing stop took 2.0+ points profit.
Unlock more trading tools to improve your trading instantly…