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.

Yesterday price action continued to consolidate in a tight range during normal trading hours. In after-hours, momentum started to move price action lower towards the prior day’s low and during overnight markets, it crossed below the 20MA. Overall markets continue to be in a multiple day consolidation range and failing to breakout or breakdown.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

 

Explanation:

Pre-market analysis indicated momentum starting to build on the 1-minute charts heading into the opening bell. After the opening bell, price action continued to move higher and after confirmation of higher highs and higher lows we took several ultra-aggressive LONG entries based on a breakout and 2 bar reversal patterns. Once price action went in our favor, took 2.0+ points profit several times.         

Duration: 5+ minutes

For ultra-aggressive traders, during the first-hour session, there were 3 quality ultra-aggressive entries that could lead to quick small profits.

For traders focused on higher quality trading, there were 1 good candlestick or chart pattern setups for quick profits.

 

Mini Market Cycles Analysis:

Market Recap & Trade Reviews and Discussions

 

 

5-Next

Unlock more trading tools to improve your trading instantly…