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 found an upper boundary of resistance and formed a 2X Double top, (i.e., M-Pattern). Once price action confirmed crossing below the 20 MA and a series of lower highs and lower lows, we took a SHORT in pre-market with a minimum position. Price action slowly went in our favor and we moved our stop to break even. With the choppiness in premarket, we closed the trade and took 1.0+ points profit.

For ultra-aggressive traders, markets were very choppy and no follow thru on most candlestick setups the first hour.

For traders focused on higher quality trading, no quality setups most of the morning as well. We did probe an early SHORT which had no follow thru and closed the trade with a small loss. 

Duration: 15+ minutes

Extra Trades:

Took another pre-market SHORT based on a flag pattern breakdown and moved the stop to break even after price action went in our favor. Using a trailing stop, we closed the trade with 1.5+ points profit.

After the opening bell, we patiently waited and price action started building momentum and remaining above the opening bell, and took an early SHORT using a minimum position size and based on flag pattern breakdown (i.e, early because price action above the opening bell). With no follow-thru, we tried to give trade a little room and eventually closed it with 1.0+ point loss.

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