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 continues to repeat a similar pattern by consolidated slightly below the prior day’s highs. Price action aggressively moved upwards after consolidating the first hour during market hours with a series of higher highs and higher lows. Pre-Market price action continues to remain slightly above the prior day’s highs heading into the opening bell.

 

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

Immediately after the opening bell, price action consolidated sideways on the 1-minute charts for the majority of the first hour.

For ultra-aggressive traders, with price action consolidating on the 1-minute charts, there was maybe 1 aggressive trading opportunity with very small quick profits.

For traders focused on higher quality trading, similar to the ultra-aggressive trading activity, there were NO good opportunities for scalp trading for quick profits.

Duration: none

Extra Trades:

With price action breaking intra-day highs and all-time highs, we took an aggressive LONG position and with momentum moving in our favor, we moved the stop to break even, and with price action remaining above the 20MA on the 1-minute charts, we scaled out of partial position for 6.0+ points profit.

With an upper boundary of resistance starting to form, we closed the remaining position with 6.0+ points profit.

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