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.

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.

Overnight price action for the ES Emini Futures continued to move down with lower highs and lower lows in after-hours. After finding minor support and forming a 2X bottom, price action crossed back above the 20MA  and back above the prior day’s low heading into pre-market and the opening bell.

Note: 20 Sessions can be scheduled over multiple weeks or months.

After the opening bell, price action consolidated on the 1-minute charts before providing confirmation of the 2X top (i.e., M-pattern) followed by price action crossing below the opening bell and below the 20MA for multiple SHORT setups. We took several counter-trend trades and micromanaged them with tight stops and scaling out of our positions, we took a minimum of 5.0+ points up to 7.0+ points profit.

For ultra-aggressive traders, there were several aggressive entries for very nice profits on multiple occasions.

For traders focused on higher quality trading, there was one quality setup on the 5-minute/15-minute charts based on 2/3 bar candlestick reversal patterns with price action moving for really nice profits.

Duration: 15+ minutes

Extra Trades:

 

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