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 move the upwards momentum in the mini market cycle phase 2 with higher highs and higher lows from the prior day. Price action remained above the 20MA as it continued to converge away from the 200MA and price action crossed above the prior day’s high and continued to consolidate sideways heading into the pre-market and opening bell.

Heading into the opening bell, price action at pre-market highs and all-time highs.

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 to move higher the first few minutes before forming a healthy flag pattern and retracement back towards the 20MA on the 1-minute charts. We waited for the 3-bar reversal and flag pattern break out and took an aggressive LONG entry. We micro-managed the trade with a tight trailing stop and once price action went in our favor, we moved out stop to break even. Using a trailing stop, we closed partial position and took partial profits of 2.0+ points and used trailing stop on remaining position while locking in profits.

With price action at all-time highs, we patiently focused on long setups for more trading opportunities.

Duration: 5+ minutes

For ultra-aggressive traders, during the first-hour session, there were at least 2 aggressive entries that could lead to quick small profits.

For traders focused on higher quality trading, there were at least 1 good candlestick or chart pattern setups for quick profits.

Extra Trades:

 

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