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 remain in the upper 1/3rd of the prior day’s range after the first day in several where price action stayed above the opening bell. The 20MA converged back upwards towards the 200MA and slightly crossed it after the series of higher highs and higher lows the last couple of days.

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:

Price action immediately after the opening bell went lower and then created an ultra-aggressive 3-bar reversal setup and we went LONG. We micro-managed the trade and took 2.0+ points profit. After more confirmation for price action moving higher, we waited for a flag pattern and took a 4-bar reversal candlestick pattern LONG. We micro-managed the trade for 2.0+ points profit.    

Duration: 15+ minutes

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

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

Extra Trades:

 

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