pThis 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 move lower with a series of lower highs and lower lows in a mini market cycle phase 4 as price action crossed below the intraday lows. With the 20MA converging lower and below the 200MA, the markets are showing a continuation of the bearish momentum from the intraday.

We notice price action returned to the multiple day consolidating range and moving lower heading into the pre-market and opening bell.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

 

Explanation:

With the pre-market price action continued to be in a mini market cycle phase 4, we took a flag pattern breakdown and 3-bar reversal SHORT. As price action moved in our favor, me the stop to breakeven and then took 3.0+ points profit. 

Duration: 15+ minutes

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

For traders focused on higher quality trading, there were 2 good candlestick or chart pattern setups for quick profits.

Extra Trades:

5-Next

Unlock more trading tools to improve your trading instantly…