Emini Day Trading: Friday Briefing

 

TRANSCRIPT:

Welcome To The Best Emini Trading Room

e mini and Mees micros

Traders so Friday Friday after a monster

move so we're going to talk about all of

that so monster move in total 148 point

is move the overnight mov to 100 points

that is 5X the normal overnight range

and then we had another 50 plus move

during rth with zero retracement and all

honesty and now the overnight is having

acceptance after this monster move

Yesterday Review

up so two things about yesterday short

squeeze warning was given to you and the

tip of the day in the morning was don't

short a short squeeze yes there are

places you can short I did short

yesterday I had a monster wonderful day

but in general you want to be with the

trend like Jackie in the morning we were

just doing this chop stuff and then we

talked about where the ideal long was

and where is the highrisk long well

after the quit time he got the ideal

long setup he took that and had a nice

30 pointer and he had the easy day he

just literally rode all the way up to

the top until it was time to get out

according to our core strategy and did

very well if a person spent the whole

day trying to short that they had a very

difficult

day very difficult day I had two trades

in the morning I actually took this

short and then I took um I think one of

these blue lines here I took that with

that short as well and did very very

well then in the afternoon I came back

and when once we were showing signs of

breaking down according to our core

strategy I took a couple small shorts

didn't really make a whole lot now

yesterday morning I post posted this

short um I I was in it and I went well

let me record it and I if you remember

in that video I said okay I felt like I

got a 100 bucks to play with for the

rest of the day I ended up giving none

of it back so um that's

wonderful so today's tip is going to be

you will know when things change you

will know when things change I feel like

we just said that three or four days ago

and things changed you don't have to be

the first to short this move if anything

we just had a monster 150 Point move and

now we're experiencing

consolidation it could do that all day

long so Friday rules are in full

Friday Rules

force do not give back your week do not

give back your week if you normally

trade with $500 as a daily stop

limit maybe do

half if you have a really nice week take

a percentage of your Weekly Winnings and

only allow that to be your maximum lost

today no matter what go into the weekend

a winner if for some reason let's say

you're just up tiny for the week today

is a good day not to trade it's okay the

casino is open on Monday let's just look

Daily Trend Line

at the daily trend line here as you can

tell we are back above it so very

interesting let's look at the single

Single Prints

prints now yesterday left three sets of

single prints what does three sets of

single prints tell

us

irrational exuberance is what that tells

us irrational exuberance here's those

three levels

9125 87 50 and

8275 those are the levels that should be

tested during some rth session so have

those on your chart once again those are

signpost to irrational

exuberance and we certainly got

that okay news drivers today

News Drivers

NADA but what do we have next week

sometimes the market just waits for the

information that's going to occur next

week well next week our big ones

are core pce and and prelim GDP quarter

over quarter so the prelim GDP is

annualized change in the value of goods

and services produced by the economy and

on Thursday we have pce pce is the

change in the price of goods and

services purchased by consumers

excluding food and energy sounds like

we've got some inflation data coming our

Direction next

New Strong Levels

week okay so the levels I want to share

with you this morning is what I'm going

to call the bull bear line the warning

shot to Bulls so down here at 50

6575 to

6325 is a little bit of a of a zone I'm

going to consider that the warning shot

to Bulls below there we could see a move

come here and touch it and goes up no

big deal um I think it's kind of Longs

above perhaps shorts below perhaps the

other level you want to make sure is on

your chart is yesterday's halfback here

at this

5080 make sure that's on your chart

because that would be the first pit

stop that has to be gone through to even

get to the warning shot and of course

along that way what do you have you have

the single prints so these are wonderful

things to have on your chart these are

kind of um yard post do we take back all

the sets of single prints do we take

back the irrational exuberance what do

we do at halfback what do we do here so

these are kind of the major touch points

single prints are not really bounce

levels to me they can be because on a

lower time frame that might represent a

bounce level that's worthy of knowing

okay so if you're looking for an e- mini

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