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.

The first hour of trading yesterday showed price action continued to consolidate from the prior day’s pre-market and showing early signs of bearish momentum as it remained below the opening bell. Immediately in after-hours, price action dramatically dropped and moved lower in a mini market cycle phase 4 before finding minor support overnight and then began forming a series of higher lows as price action retraced back into the prior day’s range heading into pre-market and the opening bell. The 20MA started to converge downwards and crossed below the 200MA.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

 

Explanation:

Price action catapulted after the opening bell and moved higher for several minutes before consolidating near intraday highs. Once we had price action cross above multiple 1-minute swing pivot highs, we aggressively took a LONG entry based on a multiple candlestick reversal pattern.  Price action immediately went in our favor, we moved our initial stop to break even, then stopped out on a pullback at breakeven.     

Duration: 3+ minutes

For ultra-aggressive traders, during the first-hour session, there were 2 aggressive entries that could lead to quick small profits.

For traders focused on higher quality trading, there were 2 good candlestick or chart pattern setups for quick profits.

 

Extra Trades:

 

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