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 rally this week as price action stalled yesterday and then found the momentum to retest the prior day’s high area and continue to slowly move up at oscillated around the 20MA. The 20MA continues to be above the 200MA as price action retest all-time highs areas.

Heading into the opening bell, price action crossed back above the 20MA out of a flag pattern.

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 initially moved above the 20MA on the 1-minute charts and aggressively took a LONG entry. Once price action went in our favor, we moved the stop to break even, and with no follow thru from price action, we closed the trade with minimal profit (no loss). Then price action became very choppy and consolidated around the 20MA sideways in a very tight intraday range.

With price action at all-time highs, we patiently focused on long setups for more trading opportunities.

Duration: none

For ultra-aggressive traders, during the first-hour session, there were maybe 2 aggressive entries that could lead to quick small profits.

For traders focused on higher quality trading, there were no good candlestick or chart pattern setups for quick profits.

Extra Trades:

 

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