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 the phase 2 uptrend momentum by crossing above the prior day’s highs and closely following the 20MA. yesterday intra day lows continued to provide evidence of a higher swing pivot low area. As price action continues to move slowly higher, we have to watch the upper boundaries of swing pivot highs for previous resistance. The 20MA continues to converge above the 200MA and move higher.

Volatility continues to be extremely high with excessive intraday ranges.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

 

Explanation:

In pre-market, the economic news caused a dramatic sell-off in price action as so we strongly suggested scalp traders sit on hands and wait for more weight of evidence. Once price action retraced more than 62% of the previous selloff, we had a series o higher highs and higher lows indicating a strong bullish move. Once price action probed above the prior day’s high, we waited for a second attempt and took a LONG. We micro-managed the trade and moved our stop to break even and then took 2.0+ points profit.

Duration: 5 minutes

For ultra-aggressive traders, during the first-hour session, because of the extreme sell-off due to economic news, we recommended sitting on hands this morning and waiting for more evidence. There were 1 aggressive entries that could lead to quick small profits.

For traders focused on higher quality trading, because of the extreme sell-off due to economic news, we recommended sitting on hands this morning and waiting for more evidence. There were 1 good candlestick or chart pattern setups for quick profits.

Extra Trades:

 

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