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.
Detail Chart Analysis and Reviews provided in new & improved video format with audio.
Pre-market Economic news and reports…
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
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