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 consolidated inside the prior day’s range and then picked up momentum as it remained above the 20MA and continued higher crossing above the intraday highs. After a series of flag patterns and higher highs and higher lows in pre-market, price action has reached new all-time highs.

Our 20MA continues to be extended above the 200MA with price action heading into pre-market and the opening bell.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

 

Explanation:

Our first trade was in pre-market using a 15-minute chart and once we saw the 3-bar reversal pattern, we took an aggressive LONG using a marker lot (i.e., minimum position) and manage the trade for a 2.0 profit.

After the opening bell, price action methodically moved lower and then formed a higher low under the Opening Bell. We waited for price action to cross and close above the opening bell and took an aggressive LONG entry based, and using a tight trailing stop. After seeing the follow thru and micro-managing the trade, using a trailing stop we took 2.0+ points.    

Duration: 5+ minutes

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

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

Extra Trades:

5-Next

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