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.
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Pre-market Economic news and reports already starting to impact markets slightly. Normal reporting activity almost complete before the opening bell.
We want to watch momentum as the f20MA hovers above the f200MA, on the 5-minute charts, and we carefully will watch for more evidence from Market Cycle Analysis Guide, with candlestick analysis, chart formations and the ES 5 Minute Complete Strategy.
With price action very choppy on the 1-minute charts, we waited for weight-of-evidence of price action closing below the opening bell and took an aggressive SHORT. With minimal follow-thru we moved our stop to breakeven and got stopped out. Break-even trade with no profits.
Duration: 4+ minutes
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