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 to remain slightly below the intraday lows after a complete 100% reversal during normal trading hours. With the 2X topping action, we started to see lower highs and lower lows continuing into after-hours where price action found minor support and start to form an extended flag pattern heading into the pre-market and opening bell. Our 20MA is now converging slightly lower towards the 200MA.

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 went lower and then created an ultra-aggressive SHORT setups at intraday lows. We waited for the flag pattern multi-bar reversal and took an aggressive SHORT. We micro-managed the trade and took 5.0+ points profit. After more confirmation for price action moving lower, we waited for a triangle pattern breakdown and took a 4-bar reversal candlestick pattern SHORT.  We micro-managed the trade for 2.0+ points profit.    

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:

 

5-Next

Unlock more trading tools to improve your trading instantly…