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 for the ES Emini Futures formed a 3X top (i.e., M-pattern and began moving lower with a series of lower highs and lower lows inside the prior day’s range with multiple flag patterns. Price action continued to remain below the 20MA < 200MA and crossed below the prior day’s lows heading into pre-market and the opening bell.

Economic News:

Pre-market Economic news and reports…

Note: 20 Sessions can be scheduled over multiple weeks or months.

 

Explanation:

After the opening bell, price action consolidated on the 1 & 5-minute charts, slightly above the opening bell and formed a flag pattern, and after waiting for confirmation of follow thru, we took a LONG entry in the next flag pattern break out with a 3-bar reversal pattern. We moved our stop to break even and then took 2.0+ points profit.

Looking at the markets from a “bird-eye” view, we see that price action is in a mini market cycle phase 2 on the 1-minute charts.

For ultra-aggressive traders, there were easily three (3) aggressive entries for very nice quick profits.

For traders focused on higher quality trading, there was at least one quality candlestick setup on the 5-minute/15-minute charts for small quick profits.

Duration: 10+ minutes

Extra Trades:

 

In the extended session today, price action trending nicely with multiple flag patterns and higher highs and higher lows.

Several ULTRA-Aggressive scalp trades were presented today for traders following the ES 5 Minute COMPLETE Strategies, The Market Cycle Strategies and the Profit Accelerator Strategies.

All the weight of evidence pointed in the direction of LONG’s, so you only had to focus on trade signals and execution of setups on the 1-5-15 minute charts to enter.

5-Next

Unlock more trading tools to improve your trading instantly…