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:

Detail Chart Analysis and Reviews provided in new & improved video format with audio.

Economic News:

Pre-market Economic news and reports…

 

Explanation:

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 continued to retrace off the prior day’s lows and minor support after the markets begin forming higher highs and higher lows heading into yesterday’s late day session. Overnight price action remained inside an extended flag pattern and oscillating around the 20MA before breaking out to the upside heading into the pre-market and opening bell.

 

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

After the opening bell, price action consolidated around the opening bell and then provide a strong weight of evidence on the 1-minute chart with a reversal below the opening bell and a series of lower highs and lower lows. With price action inside the prior day’s range and choppy, we waited for price action to close below the opening bell after the failed move higher and took an aggressive SHORT entry with a minimum position size. Once price action went in our favor, we moved the stop to break even and then captured 1.0+ points profit.

For ultra-aggressive traders, there were at least 2 aggressive entries for very quick profits.

For traders focused on higher quality trading, there was at least 1 setup 3-bar candlestick bearish reversal setup based on the 5-minute charts with price action moving for quick 2.0+ points profits.

Duration: 7+ minutes

Extra Trades:

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