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 consolidate in a multiple days sideways range after the previous mini market cycle phase 4. The 20MA continues to converge below the 200MA and price action oscillates around the 20MA as it has retested the ascending support area multiple times.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

 

Explanation:

Markets continued to show choppy and side-ways consolidation after the opening bell. We waited patiently for price action to close below the 20MA and the opening bell and took an aggressive SHORT based on a 3-bar candlestick reversal pattern. We micro-managed the trade and took 2.0+ points profit.         

Duration: 3+ minutes

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

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

 

Mini Market Cycles Analysis:

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