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 maintain the momentum from the strong reversal and rally from the normal trading day. With a series of higher highs and higher lows, price action remained in the upper 1/3rd of the prior day’s range near the prior day’s high area. The 20MA continued to converge upwards away from the 200MA heading into the pre-market and the opening bell.

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 consolidated in a tight range during the first 60+ minutes, and so we waited for additional weight of evidence and momentum to indicate a direction. We patiently sat on our hands during the first hour.       

Mini Market Cycles Analysis: