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 the momentum from yesterday after finding minor support at the intraday lows. Price action continued to oscillate around the ascending 20MA heading into the pre-market and opening bell. From yesterday’s opening bell, price action has retraced almost 100% in pre-market.

 

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

Immediately after the opening bell, price action consolidated under the opening bell and then crossed above it and closed providing our initial LONG entry. Once price action continued in our favor, we moved our initial stop to break even and scaled into our position with more contracts. Using a tight trailing stop, we closed our position with 2.0+ points profit on most of the position, and 1.0+ points profit on the back end portion.

For ultra-aggressive traders, once price action moved above the opening bell on the 1-minute charts, there were several opportunities for aggressive entries LONG for very quick profits.

For traders focused on higher quality trading, there was at least 1 candlestick reversal pattern SHORT (i.e., counter-trend trade based on candlestick reversal pattern) after price action reversed and closed back below the opening bell for scalp trading for quick profits.

Duration: 7+ minutes

Extra Trades:

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