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 bounced off the minor support from the intraday lows and slowly crossed back above the 20MA and moved above several swing pivot highs. The price action retracement continued to be in the lower 1/2 of the prior day’s range heading into pre-market and the opening bell.

 

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

After the opening bell, price action moved slightly higher before forming a multiple bar reversal and a 2X top (i.e., M-pattern). ULTRA-Aggressive traders using our ES 5 Minute COMPLETE Strategy had a SHORT entry and once price action went in our favor we moved the stop to break even and using an aggressive trailing stop because the higher time frames were not in a downtrend yet, we took 1.0+ points profit.

With the mini market cycle phase 4 and lower highs and lower lows, the opportunity for another SHORT occurred.

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

 

For traders focused on higher quality trading, there was 1 setup 2-bar candlestick reversal setup immediately after the opening bell with price action moving for quick profits.

Duration: 5+ minutes

Extra Trades:

 

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