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.
Detail Chart Analysis and Reviews provided in new & improved video format with audio.
Pre-market Economic news and reports…
Overnight price action for the ES Emini Futures consolidated inside the prior day’s tight range before forming a flag pattern and breaking above the prior day’s high heading into pre-market and the opening bell. Price continued the continuity and momentum from 2 days ago with a mini market cycle phase 2. Pre-Market price action retracing back towards the prior day’s high area.
Note: 20 Sessions can be scheduled over multiple weeks or months.
After the opening bell, price action consolidated around the opening bell and then moved lower and we took a SHORT entry with a minimum position size. We moved our stop to break even, and with no follow thru we closed the trade at break even.
For ultra-aggressive traders, there were at least 2 aggressive entries for very quick profits.
For traders focused on higher quality trading, there were no quality setups on the 5-minute/15-minute charts or candlestick reversal patterns with price action moving for quick profits.
Duration: 3+ minutes
Unlock more trading tools to improve your trading instantly…