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:

Detail Chart Analysis and Reviews provided in new & improved video format with audio.

 

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Economic News:

Pre-market Economic news and reports…

Explanation:

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.

With the previous price action showing early signs of a mini market cycle phase 3, we waited for the opening bell and confirmation of price action moving in a downtrend on the 1-minute charts. Our pre-market analysis continues to show the evidence of price action finding support in the current area, so any trades will be taken with a minimum position size. We identified multiple flag pattern breakdowns.

We took an aggressive SHORT from price action breaking minor support after a flag pattern breakdown. We moved the stop to breakeven for a “free trade” and closed the trade at breakeven. 

Duration: 5+ minutes

Extra Trades:

Once price action rolled over after the mini market cycle phase 2 and transitioning to phase 3, we took a minimum position SHORT and micro-managed the trade on the 1-minute charts. Using a trailing stop, we took 2.0+ point profit.

Continued to see momentum trending lower while price action predominately stayed below the 20 MA. Took aggressive SHORT and managed the trade. Took 3.0+ points profit.

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