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 consolidated inside the prior day’s range during after hours and retraced slowly towards the prior day’s intraday lows and towards the 200MA. After the previous multiple day mini market cycle phase 2 move, the retracement off of the prior day high still remains in the upper 1/3rd.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

 

Explanation:

After the opening bell, price action continued the downward momentum from our pre-market analysis, and after patiently waiting for confirmation, we took several ultra-aggressive scalp trades SHORT based on 2 & 3 bar reversal patterns and breakdown. Once price action moved in our favor, we moved the stop to break even and then captured easily 2.0+ points profits.  We also waited to watch the complete reversal of price action, and changed our analysis to bullish direction after the retracement of price action off the intraday lows and with confirmation of a momentum reversal, we took an ultra-aggressive LONG entry based on breakout pattern. We micro-managed the trade and took 2.0+ points profit.        

Duration: 5+ minutes

For ultra-aggressive traders, during the first-hour session, there were 4+ quality ultra-aggressive entries that could lead to quick small profits.

For traders focused on higher quality trading, there were 2 good candlestick or chart pattern setups for quick profits.

 

Mini Market Cycles Analysis:

Market Recap & Trade Reviews and Discussions

 

 

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