Thu AM Briefing Preparing For Our Emini Trading Room 04/25/2024

TRANSCRIPT:

good morning Traders are you ready for the Hazardous
Journey long months of complete darkness do you haven’t felt complete
darkness as a [Music] traitor it’s
[Music] coming we all we all have trials we all
have tribulations we all purposely over leverage to blow [Music]
accounts those are Darkness days but
light is visible you’re not weak you’re strong
you are made to be strong will make it through the darkness
don’t give up on [Music] yourself we’re here to
help said be glad in your trials and tribulations cuz it will develop
patience perseverance we’ll develop the rules and
protocols the framework that works best for you you’re not me I’m not you
but we all share a similar
Journey there are just times of Darkness but the light is
coming believe in yourself
[Music]
welcome to the am briefing by micr trader.com we’re together we trade
[Music] better all
right let me put this here if you’re coming in late just back
up the video and you can watch the entire briefing so today’s quote is going to be
in relation to what we just talked about consider it pure joy my brothers and sisters whenever you face Trials of any
kind if you trade you face trials for sure every week if not every
day because you know that it tests your faith and produces perseverance let perseverance finish the
work so that you may be mature and complete not lacking anything Trader
maturity takes time there’s no shortcut there’s no you read it once in a book
and you got it forever um sometimes you have to pee on the electric fence and it’s just part of the journey
guys and then today’s quote from Mark Douglas the typical Trader wants to be
right on every single trade yes we do don’t we that is part of
the trials and tribulations that we go through so last night when I went to bed
I put in this order to go short at 29 and it literally missed me by a
tick like almost there so this was my magic eightball prediction we’re now
coming into this area where I would think that price is going to be repelled
back down um but now we’re right back at it so it did come in and now it’s going
right back so we’ll see what happens that’s just magic eightball prediction it’s my two cents and that’s exactly
what it’s worth all right let’s go to to a 30- minute
chart let’s bring all this
in because we always want to start with where are we so the number one question
that you want to ask is where are we because trade location’s really
important for example if we’re chopping back and forth in this type of range you know price is just going back and forth
coming out a little bit and comes back in balances come down and then comes back up you really
don’t want to be going long up here and you really don’t want to be going short
down here because if you go short down here you better be right and it breaks out if you go long up here you’d better
be right and it better break out good luck predicting that um we’re not
breakout Traders we’re bounce Traders and we’re very cognizant of trade location and Trend we like to be on
sides so as we discussed yesterday in fact let’s back up one step about yesterday
because I think this is so in yesterday’s video when we were just hanging out I put these words right here
careful with shorts above and that’s exactly the advice that
you needed to hear is be careful with shorts above in fact let’s drill in just a second I’m
going to turn on the strong levels because that was based off my strong my
strong level there that when we get up over the strong notice we bounced here we went to the strong and then I said
above that be careful where did we go up here to my next strong level but being
careful shorting above there helps you stay on sides now the truth is I missed
a beautiful long I just I I and then I spent the whole day trying to play catchup for
missing that trade I traded great actually I I I finished fantastic but
this was not the easiest place to be trading to make up when I should have been along right there and um it is what
it is but I traded the whole day and I was actually up this morning to trade
the I love you it’s my daughter um to trade the London open and uh didn’t
really give me the trade that I wanted so I didn’t do anything but this was great advice
yesterday was being careful shorting above so let’s go back to where we’re at
let’s go back to a 30 minute chart so we’ve been I’ve been yakking for about a week careful risk of short
covering is high risk of short covering is high well we’ve had a really nice move now we’ve talked yesterday about
these levels just stacking on top of each other and being careful because have we went parabolic on the 30 minute
chart yeah I would classify that as a parabolic level now we’re coming into
here this is a compression area if we bust above that where are we going to go
the one of these two levels here and so it’ll be interesting to see what happens or is this where price turns around this
is right at the edge of my magic 8Ball prediction of where price would go around and in full disclosure I had an
order to go short at 29 and an order to go short at 50 just in front of this next strong level and I would have done
two of those small and I would have had no problem taking uh both of those
trades so in my opinion the chart now resets it’s kind of the pressure was
building up on the down it was building up on the down and now we’ve had two strong days up leaving two sets of
single prints behind yesterday the set of single prints was right here at this
8875 um so if you want a list of those single prints go to micros trader.com
and actually I change the way the front page looks a little bit and click price map by the way if you have a question
for me I’m going to try to have this up during the YouTube stream if you have a
question for me and you’re not on Zoom uh put it there and I’ll try to Monitor and see if any questions come through
and I’ll try to answer it but on the price map if you scroll down on the price Map There’s the single prints
there’s the voox and here’s the strong levels that um I think you needed to know based off the beginning of the week
we’re probably a little higher than those levels but that’s okay uh we have new
levels all right let’s move this out of the way so pressure built up pressure’s been
released to me the chart resets what do we do here at this line this is really
the deciding line do we go all the way up to 50 or this next strong level we’ll see we’ll trade it as we see it one
thing about it we are lading up we’ve had two monster days up with two sets of single prints when you leave behind
single prints that tells you there is emotional trading going on that it
doesn’t even come back and fill those um of course there’s lots of single prints to the north of us uh that was to sh in
the push down was aggressive as well so the game plan today is we know
the chart resets I’m looking at the chart with a fresh set of eyes I’m no longer going to be screaming uh the risk of short covering is high uh We’ve now
had that does that mean we can’t keep going up of course not but when we’re in
that environment of risk of short covering is high you’ve got to pay attention to that and not allow a short
to hurt you because it will rip your face off so today’s tip is take breaks um is
probably the most number one underrated trading skill can you take a
break um setting at the charts for too long will numb your mind sometimes that
break is just going for a walk sometimes that break is you know what I need a brain break today I’m taking today off
you know what I had a moner last two weeks I think I need to take a week off
there’s nothing wrong WR with that make sure you take those breaks and it refreshes the mind you come back to the
charts with a fresh set of eyes because sometimes it’s like if you’re a painter and you just keep paint and you keep
working on that one painting and you put it away and you come back to it a month later you see new things um and same
thing on the chart it’s just true so make sure you schedule breaks during the
day and on a larger time frame as well um so the trend lines once again
with we can see the levels not the levers the levels stacking on top of
each other these sessions we’re stacking and we’re leaving behind single prins so
please know that you are in a parabolic move to the north but we’re also bumping our head against the ceiling will it
take it out well we will certainly be watching for that to happen today while we’re live on
Zoom news drivers today we just had it it wasn’t much there’s crude oil a little bit later today tomorrow there’s
employment data and Friday is pce so that’s really the fireworks of the week
in my humble opinion once again if you want the updated strong levels there’s really nothing update it’s just if
you’re new to what we do these strong levels are what I consider High time
frame or nuanced levels on the profile of where I believe price is going to be
sticky or Price might bounce I mean just looking at the chart here you can see how these levels are working really
really well um I wanted a way to give my Traders if there was the five most
important levels I want to make sure is on your chart how do I make sure every one of my members have those levels I
created the strong indicator and so that’s why that exists so that you can get those levels and if you’re not in
the group for the time being I’m posting them um on my website there at micr
trader.com under price map um
so yeah boy I had that short at at at 29 I can’t believe it missed me by a tick
um I was being just a little greedier from my level right here at 27 I went to 29 I said you know what I’ll let it push
through and then get me in and you hate that when it misses you by a tick but it
is what it is all right for the am briefing that basically concludes that thanks for
watching um if you want to hang around with us we will be live streaming through the opening 15 20 30 minutes
maybe and then the live stream for YouTube will end all
right boy there was a nice little backside there on the 30 minute all
right all right so now I’m going to just be working on my pre-flight there’ll be silence there’ll be talking whatever so
just hang out if you want to all right this is really in the way right there
for me we’ll see
all right and welcome Trevor Trevor is uh trying us out on
Zoom
today good morning there Mr Brooks Mr py Mr
Bruce all right let’s adjust these things and see where we all are in Rel ation to yesterday’s price
action yesterday was not the easiest day you know the day before was just stupid
easy yesterday wasn’t so easy you had to really be patient and
wait all right let’s adjust these things here here so Trevor what we doing on
this chart is I’m taking the major futures [Music] um Russell da NQ and Es and what we’re
trying to see Let Me Line all these up and it’ll make more
sense I’m trying to see where everyone is in relation to yesterday’s rth
session High bigger picture single prints ranges rth session highs and
lows I need to readjust that um let me go
back so I come in here and I draw this half back which is 50% of the rth range
um and I’m trying to see where are we all at in relation to that as you can see right
now whoops NQ and Es s are above yesterday’s
high but boy boy look at Russell and DOW they’re not on the same train so that’s really the question I’m always trying to
answer are we all on the same train where’s my train there it
is are we all on the same train it’s much easier when the current is when the
current of all of these are going the same
direction it’s easier to have confidence to stay in a trade
if we’re all on the same page heading the same direction at the same speed so we just use this as a little
temperature L this Russell mow is about to make a new overnight low and we’re up
here it’s a recipe for SLO and
chop good morning Bruce okay very nice I like to see all
that boy that had been a interesting short there man it’s all right I’m not trading right
now all right so let me turn on some of my stuff see what I got to delete get rid of all right this trend line
actually I need to be aware of that coming back into
here it’s all right I won’t see it once I zoom in
all right I think I actually want to know
that and we’re on a 30 minute
chart I’ll pull that into there put that on 30
and then we have these indicators that help us frame our day as well um single
prints happens to be rth halfback as well that’s
nice halfback they’re not yeah they’re it’s
pretty pretty
interesting I got rth low here we’re going to mark it
off London low and we’re stacking these sessions
for sure Asia Loom but then we’ve
got this overnight low is just underneath there
all that’s marked all that’s marked that Gap remember when we left that Gap a little bit couple days ago
and said is that the writing on the wall and boy did that turn out to be the writing on the
wall all right don’t need don’t
need I’m going to get rid of these don’t need need actually that is untested level
there I’m going to keep that there that’s fine that’s fine our call
out that’s nice um once again I’m going say careful with
shorts above here I want that to be anchored at my
quitting time perfect what’s this line don’t need you
what’s this oh yeah short I took don’t need it don’t need
it move these into the sessions I’ll move this into the low
time
frames all right so Trevor have you been trading
before you and I didn’t had that discussion actually I saw you’re in the real estate
business you can type if you want Christine in the
house yeah have you been trading Futures yep
what do you like to trade out of curiosity yes okay very nice well just
so you know the ball the um I’ve been a land investor myself for a number of
years um I currently don’t have any inventory I got I sold them all and I
don’t think it’s the time for me to be buying right now so I’m just holding hanging back right now in the land
business where in Texas a Texas number yeah yeah I live in Texas and I bought
only buy locally um SO waiting for the next you
know unfortunately every Guru is turned into land oh yeah what did you sell it back
on like a lease or like a option to buy or what no no I did uh fin well I I
tried to own or Finance them but yeah to be honest so many people were moving to Texas the last few years they’re just
paying cash and got it what do you do I got I got one still on payments that’s
paying me off um yeah but yeah I know they got a bunch of like land Shar and
programs and stuff now for that yeah I know pushing that yeah and this I so I
was like my marketing right now for it is saving all these mailers that they send me so that when it turns I can just
buy whatever they’ve yeah yeah you got the mailers
now yeah all right so I’m just saving them up to where whenever things turn around and
they don’t know what they really bought because they’re not from here yeah it’s funny so this works
beautiful in combination with the real estate business in all honesty um we got another land guy um he develops land
um I I don’t develop land the only thing I’ll ever do is clear it um
but it’s a perfect compliment yeah I’m selling I’m mostly
like flips and stuff but I’m selling a couple LS in Florida right now actually selling a couple what Lots in Florida
okay yeah yeah so I’m familiar very cool um yeah I told that and I was like
I got to tell him um all right so here we are we’ll
just hang out and wait for something to happen man I should have took that short
there
but we are squeezing up into here let’s go to a 10-minute chart just too sloppy
um so hold up I got two things marked all right I need to get rid of that sometimes I double Mark the
levels hey Christine whenever you want to start those one-on-one zooms and and you get that package let me know and uh
typically I prefer to do the one-on-one zooms on the weekend um if the weekend doesn’t work for you Monday or Tuesday
where I’m fresher in the week by today and the end of the week you don’t want to do one-onone with me I’m
tired so I won’t put myself in that position yeah weekends are great
typically I like to do it as early as I can on Saturday or Sunday morning before my wife wakes up and I’ll record the
zoom for you and make sure you get the recording of it and uh the call is based off your
agenda to be honest uh so it’s whatever you need to cover as you’re going
through the material maybe you’re like hey this week let’s do you know the first bounce level the break levels you
know you know give me the 10 minutes on it maybe George and here let me draw some for you you
know it can be any whatever you
need all right so where are we we’re in the we are still above yesterday’s high let’s go take a peek at everybody
else this is almost like doing PS when we do this right
here good comparison yeah what’s the next neighborhood
selling for right exactly so funny I had
really thought of it that way you’re welcome
Christine um in fact I mean look at this downward sloping vwap downward sloping VW
kind of up kind of starting to go
down that have been a great short there perfect 30 minute backside on that
too all right five minutes to the top of the
hour London is stacking under Asia
and uh as I said on my magic eightball prediction you know this very well could
be where it comes back in but Tesla’s the wild card today right does that control the NASDAQ which the es is going
to Trail so we’ll
see we will see
morning there Mr
seil fact since I’m thinking about Cil let’s come in here playing with different things here
let’s go to a 30 minute chart on the SPX
go to a 10-minute
chart um I need my sessions turned on oh it’s amazing how much I’ve come to
depend on those colors setting in there okay just
keeping an eye on that well usually London is able to take
out Asia’s high and low and sometimes it Stacks it’s very interesting because it
is against where I would expect price to bounce that’s why I had an order up there
but all right well yesterday was a great it’s
been a great week in all honesty um it is Wednesday Wednesday is
typically C money take money day it’s typically not a trend day it’s a typically a day if you get a
five-pointer it’s a great day 10 20 30 pointers aren’t something that I aim for
necessarily on Wednesdays in fact let’s go look at that
I’m going to bring that up let me go to
actually I don’t know what I just pressed let’s go
here all right this is last year’s data of all of those
trades um let’s come down here look at
Wednesday so Wednesdays uh from last March to this
March there were 197 trades 168 clear winners no real loser where like
literally it rips right through your level and there was no salvaging it uh there were 26 break evens and this year
in our metrics one of the things I am measuring is what type of Break Even was that was that a break even that you got
a level and price just is just hugging it just just get out Break Even or is is
it the type of break even that you were going to go short it went through it it came back
and gave you the gift of Break Even but then it went against you and it became a full loser should you have taken the
gift of Break Even or was it the type of Break Even to where you went short it
went against you you could do our one tick strategy and then it went into the
profit so I’m tracking that this year of what kind of break even was this um in
this I actually marked how many of those break evens were with the trend so if you’re with the trend only one of them
was a break even trade that means 25 of them was either in chop or
counter uh so that’s why I measuring the with the trend of how we measure with
the trend okay so here’s the runner potential I was talking about fivepoint Runners no this one no the runner did
not go picture single prints ranges and this one’s yes it went Five Points so
it’s a it’s less today versus let’s come up here real quick let’s look at
Tuesday uh Tuesday’s right here it’s reverse Tuesdays is the day to try to
capture your Runners uh lot more fivepoint Runners five did it go at least five points that’s all I was
measuring and Thursday same kind of thing the runners are pretty good on Thursdays um but look at Thursdays boy
still not bad 170 trades 150 winners four flat out nothing I can do about it
losers so today is a c money take money day uh lots of break evens
um so I don’t mess around on Wednesdays I
will take the break even and wait for the next trade because there’s another high probability trade around the corner
we just wait for it no sense of taking a loss on that one turn on alerts on that one trade there’s just no sense in
it um I got to change something here guys
mro all right let me go play with this [Music]
applications uh Trading
my time frame that’s it we’ll turn off that
click disable
perfect man and this is where it spent most of the day yesterday so I am not interested in
shorting anything coming in to it uh that’s kind of really here let’s go to
30 minute chart I want to just see that on a 30 yeah see that on
30 let’s go here that is really kind of
the man that have been a perfect short right there all right what the good thing is
is it seems to be bouncing let’s drill into a thre minute chart and let me get a little bit
slop slop slop slop slop slop slop slop slop what’s not happening there no
backside development same thing here no backside
development at this point it looks like we’re having complex slop and chop might
be better to be focusing on a little bit more of a higher time frame type of Entry
so we’ll see 27 minutes to the
opening close
that should I be trading should I be trading a question you should always ask
yourself all right let’s go back to a 10-minute chart here just to tighten it up I’m not interested in trading
anything in there I’d be much more interested in in in being long perhaps down here near the
single prints in the halfback with that 30 minute break level uh pushing the parabolic trend and be
pushing that out um I’d be real interested in going long if it got back down
here I don’t think it’s going to take all that back today but you never
know what’s Tesla looking like in after
hours I was hoping to get down here to 18 the Market just all turned around on
just before I was ready for it
too man just sloppy here man we’ve had two monster days
up I mean we’re due for just a slop and chop go nowhere
day could be a no trade day
these overnight people want to get paid and uh
[Music]
so I was really looking for a 2022 model setup in the London open when it opened
but I never really got it I was hoping it came up here and grabbed that liquidity there either short it back
down there or it grabbed this liquidity but never set up I don’t care what ICT
says it doesn’t happen every day
go take a peek at everybody else is anyone tilting their hand so Dow is already back to its halfback yesterday I
mean that is such different stories
here um for inq it actually took out ases high and low everyone else is stacking
down okay
and um let me see
where P was about
06 this is yesterday’s
PK Tuesday p
all right guys I’ll be right
back good morning and welcome to the premar perspective today is Wednesday April 24th
2024 let’s start with some important technical stuff we crossed the eight
here in the S&P and the 21 is just above us so I’m assuming we could go to the 21
and also obviously this trend line downtrend is important that’s probably going to be a short if we get there and
then of course if we cross it then it’s Off to the Races and the tone has changed officially back to bullish but
here now just the fact that just the fact that we closed the daily bar so far above the eight has me putting the the
selling action into question and in the ndx we’re a little bit weaker
we are just testing the eight now so we’ll see if any activity today can get us above the 8 um that also has a
somewhat different downtrend line if you notice this is like a downtrend doesn’t the main downtrend doesn’t come into
play for a long time but there’s a shorter term one here obviously that was
broken yesterday so kind of keep that in mind from a technical basis let’s just say things are firming up a little bit
that today’s going to be kind of a pivotal day to see how we act in relation to these uh these technicals
all right let’s get into a little bit of profile here so yesterday was a poor high that needs to be repaired the
activity that’s happening now in the overnight session does not repair the poor high but it’s bullish that we went
over it but obviously there’s going to be some activity today that’s going to kind of look like this here and that’s
going to repair this poor High um we have a single print SE Shadow Trader
45 trade that is very interesting because
any activity in there I would think is going to have less resistance and we could go all the way to here I’m saying
that this should help the uh Bulls here the fact that that structure is there um for now you’re trading on a very small
true Gap higher after a good amount of price exploration to the upside I always think that’s bullish when you explored
the upside I think it’s less bullish you stay in range you don’t really do anything and as far as overnight range
is concerned I am definitely carrying forward in my narrative that the overnight low came right to the
POC right to it that tells me that momentum Traders are in control for now that the there’s momentum buyers out
there and if that Dynamic holds uh in early trade so you can call
Early trade like first half hour first hour morning session you know it’s kind of different for everybody depending on
what your time frame Outlook is but I believe that in the you know morning session at least if this
holds that tells me that all the sellers were able to do is get it down to the park obvious place where the selling
would stop turns back around and if we’re you know at least especially if we’re somewhere outside of range uh I
would be biasing long I would be thinking that little by little buyers will be taking over don’t forget you know this is always a push pull between
different time frames so whatever selling you’re seeing now off of the overnight High
uh you know a lot of that has to do with kind of last in first out you have these players that are um you know that have
poor location and they may be selling but that’s a different thing from you know longer term long selling which is
which will create a deeper pullback uh so that’s important to note um beyond
that there are some nuances below us as I was also saying in the profile if we are to have a deeper retracement uh into
range which of course Could Happen into then pay attention to the fact that we’ve left a lot of single prints in
yesterday’s distribution here so coming into this little Point here could be
supportive sometimes it is uh and then you know same thing like on the upside expect that you have less support down
in this area and then we also left the Virgin point of control uh below us so you have um and some single prints here
so as I said in the report in the scenario remember this Cuts both ways
you think of this stuff as short-term bullish as it Stacks up and it’s not
really bearish in the other direction but the other side of the coin is simply that now you have things that need to be
repaired to the downside and you’ve got targets and so the way you look at that is basically uh if we’re bearish you
start looking at these as targets you start sort of expanding your view of how far it could go uh and if it doesn’t
meaning we leave this stru these structures uh untested then you you carry that forward in your
narrative is bullish you you basically those are bullish signals that you have basically things that should be
happening on the downside and they’re not the Market’s ignoring that meaning that it’s moving up in an emotional
manner it’s not repairing that structure and you know Animal Spirits have been uh awakened for lack of a better word all
right that is all I’m going to leave it on that note I hope you guys have a wonderful and profitable session
all right vbox have been updated on the uh price map
man between uh the strong range and these trend lines we’re just kind of sandwiched in here what’s going to
happen maybe me predict I’m gonna say complex chop now how does the rth react to Tesla
who knows it’s a monkey ranch
right morning there Jackie Caleb
all right 15 minutes to the opening
bigger picture single prints
ranges actually kind of like how it pops there
see all right got nothing we’ll just wait to the opening see if we’re presented with anything
being mindful of trade location and
Trent turn on
alerts so the first time here the Bulls defended it really well against the puck the Bulls are certainly in control it’s
theirs to lose
you know we’re so far away from the low like if we get
underneath we get underneath here we get underneath here we’re
probably coming to the
low we’ll
see I don’t like diagonal lines on my chart uh but these are seem like they’re
an important location so I’m going to have them there because
it tells us
something actually another nice risk reward is against the strong level against this primary trend
line or if you’re short you’d want to know that you’re coming to it and that might be the perfect exit if you have
more than one contract remaining it’s always good to know where
price is going to bounce back in your
face all right so I do like to draw a trend line based off the overnight
session like what’s it what’s the story it’s kind of telling of course I can reverse at any second but that’s the
only trend line I can draw so I’m going to throw that on there we got these primary trend
lines I think I’m going to remove
them I’m G to put them here in the trend pop those
off because what’s most important is what’s happening now that’s most
important those trend lines from the past with a very emotional short
covering so they’re very weak in my
opinion anytime you got lines based off emotional you got to expect that to be
weak versus like here a lot of people are going to defend price here a lot of
people are going to defend price here they want to get paid they want to get
paid so we’ll see morning there Joel morning Mr Swain Mr
Swain are you on the airplane Oh no you’re probably in Dallas
now hey Joel good job on your break level um the one thing that I would want
you to be a little more cognizant of is making sure you’ve got a good two candle
clearance um and as you study the next level the front side um I want you to
even get pickier on choosing break levels where there is a a clear front
side as well uh so it’ll layer and build on each other but you you definitely got
the concept you definitely knew what you were uh looking at um and if and if a
and if a break level is ever too muddy you just ignore it or you can draw it on there and just go I’m not going to trade
it you know what I mean if it’s not a clean clear crisp
level as the words I like to use then maybe I don’t want to trade it
and if I do I would do it smaller
leverage so good job on getting your first badge
of course for that overnight trend line there I’d honestly like one more little bump before I even said that was anything it’s just visually um it helps
you see the data and of course the sessions being
colored helps as well all right let’s go take a peek at
everybody else 8 minutes to the opening what are we seeing nice bounce off the
halfback we are certainly not all on the same page we’re not on the same train cho
cho but we’ve had a beautiful runup against the strong level and
[Music]
um and we’re against the 30 minute and we’re against what we’ve done for the last three days so we’re in a weird area
I would expect complex chop it’s Wednesday see money take
money not that it can’t
um trend on
Wednesdays Wednesday is like a Monday redu
I don’t even know if I’m saying that right but you know what I mean it’s like a second
Monday the Bulls are in control
all right so just remember the Bulls are in control this area is now thoroughly
tested to me there’s no more shorts that exist there um hate I missed that
one that was a good
one oh all these people want to get paid and if they don’t that’s why I
think if we lose the single prints we’re at least going to come take out this
low so we’ll see I’ll be right back
timer went off made a thing of chicken
thighs all right so in the opening this thing pushed down here to the single prints
halfback against that 30 minute break level I’m interested in a in a small
long always hoping to add to my trade of
course we pop up up over this strong level and Ladder game
on long I’m fine with that as well
H Mr Toby in the house my first ever member nice to see you good
sir good morning George good morning my friend
just take another another look at Tesla George do you own a Tesla out of
curiosity I decline to answer
that well man you went to medical school you can drive whatever you want I don’t own a Tesla
man Microsoft with a great bounce
there so inside the group on the trading floor you’re going to start getting some alerts on some of these uh higher time
frame levels on these stocks that if you wanted to do your own analysis and look at them and see if you wanted to play
the bounce um you’ll be getting some of those alerts on the weekend I go in and
look at at them all and
uh if it hits a level you you’ll get notified it’ll be against an area that I think would be a TR good trade
location and would experience a
bounce morning Nathan people are strolling
in wonder where Jared is I wonder if he called any anything yesterday Jared has been crushing it man every day posting
gains and what he had to do is he dialed it back down and said okay I’m trying to Sprint instead of
walk and since he’s dialed it back in just pounding it
out remember if you’re in the group and you want to trade Journal just ask me and I’ll give you give you access to a
trade Journal I just ask you keep it up to
out all right two minutes to the opening let’s go the Bulls are in control the Tesla
wild card from earnings just because it’s up pre-market doesn’t mean that’s where it’s going to
stay but what do I know I know nothing actually on the levels bounce is what I
know and we’ll play those
levels I don’t really have a responsive First Trade unless it pushes down because I’ll
certainly lay along if it pushes down not sure I’m interested in the
short at the overnight high if I do it would be so
tiny and very aggressive in the in the management
see what happens let’s go take a peek at everybody just before the opening here and it looks all
bullish uh two of these aren’t like the others but but these two matter the most
to each other then you can tack on this one and this one’s the redheaded
stepchild all right I am on a 10-minute chart I don’t feel the need to be on a
lower time frame chart at this
time your mileage may vary it’s just incredibly no level
development no backside development on either side of the
move all right
what did I do yesterday oh
yeah bigger picture single prins
ranges
ah 54 points yesterday we’ll see what today brings
I mean you got a overnight front side there but remember the VA the difference in the volume from the overnight to the
rth is drastically different so any level you have in the overnight session
that you carry into rth you have to know it’s much weaker not that it won’t bounce and do amazing but if it rips
rips through the level you have to go yeah think about the volume of a level
is the number of people defending price I mean that would have been a beautiful front side but there’s no way I’m taking
that on the opening candle with no backup levels only backup level to be the
overnight high it’s just too far away to use so no thank you I’ll wait till the
next setup
take some time to develop levels with rth
strength that’s a good word rth
strength so the overnight came down to yesterday’s Pock it was
defended so we’ll see what happens let’s go take a peek at everybody else
here da is back at its halfback inq did take out its overnight High it looks
like let’s go look at NQ on a smaller scale here it got close to it overnight it
didn’t actually take it all right back to
es once again there’s another overnight front side there I’m not taking it but it should bounce there even if
it’s just small and there’s the bounce
beautiful so what’s it doing it’s bouncing off everything and that’s all we ask for Jared I was just bragging on
you man of how you just taking base hits and doubles and triples and just adding
them up man good
job that’s one of the things that’s nice about our group we support and cheer for each other hey Warren nice to see you
sir all right go back and check everybody else out Dal cracking the halfback which we
can’t be surprised Russell cracking the halfback uh so what are we seeing uh the
recipe for complex chop the recipe for complex
chop I really want to see a session liquidity taken I think and I’ll just be patient for
it all right let me turn on our
Essentials I don’t need the pre-flight anymore
so the first candle is a eight-point candle so Trevor and our Essentials
indicator I have built in a warning system um I’ve discovered on the three
minute chart on ES if you have an eight-point candle it represents
irrational price action not that the levels won’t bounce but um you’re an
eight-point candle land so you have to know that eight-point candle could rip against you or rip for you it’s just a
uh a more dangerous environment to trade in and so that’s kind of an early
warning system to an expanding ATR in all
honesty fact how big was that I always like to measure them nine points all
right nice front side bounce I just don’t want to trade right
here at halfback the overnight halfback represent presented by these yellow
hashtags hash marks and boy look where price stopped right at that trend line isn’t that so interesting
sometimes trend lines are not entries my humble opinion but if we have a level
that lines up with a trend line it is and in that
particular case you actually had a front side lining up with the trend line but opening candle no thank
you so just please know it’s Wednesday it’s a lower probability day lots of
break even trades on Wednesday um going five points or more is less likely on a
Wednesday so see money take money day
so back and forth through the opening back and forth through the
opening so I took the short off the opening and it’s Wednesday so I’m going
to see money take money just small grab a point
little test trade for me
boom all right let’s go to a one minute chart now that we know we aren’t going
anywhere the reason why I took that short off the opening CU what did we do off the opening we opened we went up a
little bit and slammed down nine points came back to the opening so I
chose to take it as a test short small in the hopes of adding to my trade
I mean let’s say that it would have a bounce through there and and rip down well I’m looking to add now which is
great just because you start with one contract does it mean you’re going to finish with one
contract there we go nice push through remember the Bulls are in control any
shorts or counter and should be
small let’s go take a peek at everybody
else Russell such a wild card NQ making new
highs D’s not really participating we certainly are not all
on the same train not that that can’t turn around at any
moment but that’s why we monitor for
continuation
okay so we got two highs here we’ve got this London
high and you have this Asia high I’ll just mark
them for those who came in the room late maybe didn’t see the amm briefing last night when I went to bed I had a short
setting here at 29 missed me by a tick and then I got a strange text
message about 3:00 a.m. and I woke up and came in here and realized oh my gosh
I missed a almost 20
pointer all right so um when we have eight point candles the recommend a
Trevor typically you don’t trade until it bounces off two levels and you don’t
have another eight-point candle if we get it let’s say this it turns AO candle right now the counting starts over yeah
you’re like well that mean that means I got to wait longer to get in a trade well I’ve discovered an eight-point
candle land uh the odds are greater
that your stops are going to get
hit because typic when es is in rational price action you’re not having AO candles on a three minute chart and our
levels Rock in rational price action so when things get
irrational I tend to dial it down not not that I won’t trade but I’ll dial it
down got it yeah
all right my cat wants in I’ll be right
back that cat sleeps like a king all day and prows the neighborhood at night I think I’d love to put a little camera on
him so we’re just in the middle of the overnight range there’s not a whole lot of advantage of trading
[Music] here obviously we’re getting no level development on a three-minute chart at
all let’s go back to a one minute
here all right I’m GNA hang tight and wait for our next entry
pushing this little uh two-point trend line from the overnight but I like to draw something from the overnight I’m
going to remove it many times that trend line holds all
day now this is Wednesday typically a chop day all right finally a little move
on so from that short that’s why I see money take money followed at 50% whatever happens you get you get move
on well it’s not a no trade day now for
me all right so we got this London overnight High here at this 2475 the overnight high at
2875 that strong level let’s go take a peek at everybody
else and Q is still pushing higher not participating still inside of
yesterday’s range and we’re struggling to get over the London High let’s go take it Peak at
inq individually let me turn this off so I
can see good candles
okay Welly look at this weekly chart nice big weekly candles
here we can get up over the strong level and over the we might very well be going up here to
50 now when this thing was pulling back here if it had hit the opening I would have went long again um
small but didn’t get there so didn’t do it
h
that’s
interesting the Bulls definitely want to keep it over the opening here they failed to take the London High
bigger picture single prints
ranges okay
go to three minute chart again yeah nothing 30 minute chart look where you’re
at we need something new to happen for
the Bulls are in control it’s theirs to lose
we take a peek at everybody else want we see NQ individually sorry I
want to see NQ individually I need want to move that I’m G to move that
there everybody we’re certainly not all on the same
train failed to take that London high is that going to be riding on the wall just thing going to push here and give this
kind of trade we’ll
see and expect complex
chop do not anticipate trade
they’re
trying pardon
me I don’t know about you but it’s almost seeming like failure to me here but I don’t anticipate trade
but lots of single prints above and below
now and we’re at a critical area now
should I be Trading
it’s the Bulls to
lose unfortunately we don’t have any news drivers to knock this thing
off so we just wait that’s all only thing you can do is wait NQ making new highs new
highs all right let’s go take a peek at these individuals here inq I mean Tesla
having its nice bounce Nvidia pushing back up yeah I
mean what do you do Microsoft gapping up my
goodness let’s go look at
gold silver oil I personally would love to
see $30 oil
no Bitcoin talk about some sloppy
lading all right Bulls come on I can’t go long here so I’m just
watching there we go get up
there take a peek at everybody else
all right it’s at the London High
8 minutes to the top of the hour entering into a no trade zone by
time now is this thing going to push the overnight low and maybe give us an interesting 2022 setup or we’re going to
ladder up above it and go to 5150 don’t
know I just know everyone is not on the same train it’s hard to do that when
everyone wants on on the same train although look at Russell it’s back to its
highs um sorry Dow’s trying to get back over its
opening and Q let’s put all these at their
halfbacks spread them out
[Music]
it didn’t even take it out by a tick you wish it would have taken it out by at least a
tick it is Wednesdays man
and see that volume inbalance there left on the one minute now it’s only a one minute but that’s
interesting if you to draw an rth line though you have to say that’s the
line Bulls are in control shorts are counter so be done
small 5 minutes to the
opening NQ is coming back to test its overnight High there will it
bounce it’s right here
we still have evidence of lading up on a one minute chart during the rth session I just don’t have any levels of interest
to me once again is this thing going to do this the Bulls just don’t seem to be
able to do it what do I
know I mean they should have easily been able to get that high
we are this is still it’s funny rth halfback plus the overnight halfback
plus the opening plus I would assume
vwap yeah so this little area here that’s kind of the bull bear
line the overnight have back the rth halfback um vwap plus
opening are you serious Midnight’s way up there okay I was just curious where it
was all right this is the bull bear
line Bulls you do not want to get back under the opening my humble opinion and
there’s that move
there it is
that little up move there I did exactly what I said I was going to do if it took out the opening I was
going to take that short off of
it there we go it is Wednesday I’m going to see money take money I’m going to follow it at
50% small it’s not we’re not at a trade location I’m willing to do anything
bigger than
that come on now if I have done multiple contracts
tracks there I would try to take something off and then put that runner back like we do but there we go two
points I’ll take it I’ll probably take the short again if it gets
there once again small aggressive if it makes a new low here
well I’ll wait for my next setup I just wasn’t willing to do that
with more than one contract
workout very nice very nice very nice
let’s go back to a three minute chart do I have anything anything anything what do you have you got an eighto
candle two eight-point candles in the first 30 minutes when you get three of them in the first 30 minutes that is
usually a sign
go take a peek at everybody else liid in Q is done back under its opening back under its
vwap the Bulls are still in control
but they seem to maybe not
be you know the other day when we said you know the Bulls and the Bears are wrestling and it seems like the Bears
are losing their grip well now it feels like the Bulls are losing their
grip you know there’s two trades that the hardest to manage the one I just did one contract and then the other one is
overleveraging um because in the one contract you’re either in or you’re out I don’t have the ability to peel off
contracts and keep a runner back but it just didn’t seem like the trade to do that
on bigger picture single prints
ranges okay take a peek at in Q look at that inq made a new rth low on
that now this pullback might have gathered up
all the buyers it needs to now go way up oops on a three minute chart you got
it that’s that’s a break level but boy that candle turned red on you you may not want to take
that uh don’t blame you we’ll mark it on the end of the day chart but it’ll be a three minute and eight-point candle land
is how that will be denoted
you know but what if we discover in the eighto candle landan that every break level it doesn’t even matter but boy it
matters on I don’t know what we’ll discover this year measuring
that all right overnight it already came to yesterday Pock underneath there the
single prins is is the biggest destination there my humble
opinion they’re fighting man still inside of the London range and
the failure to take that high there to me was the writing on the wall then that volume inbalance you’re like okay I got
to be prepared here that doesn’t mean just jump into a trade though
drops like this got makes the tri price more
attractive are more people going to load up and then more people are going to defend
price if the Bulls feel like they can’t get it going they’re going to get out the
door it’s been straight up for two days and it also came to this 20 area
where my magic eightball had us turning
around that doesn’t mean it’s going to happen but now we are under the opening
we are under a flat line vwap um Dow is still under its opening
and under its vwap but battling NQ is battling it’s opening and it’s vwap so
tug a war tug a war tug a war here
all right two trades Smalls Wednesday I expect small Tuesdays
I expect
bigger you want go outside hold on I gota let my dog out
all right now I am not taking any shorts up
here but let’s say it came to any of our levels and then bounced back down and then started lading okay let’s
go um I took this short from the opening for it to grab this low it didn’t even
get there the the Bulls defended it the Bulls are in control
all right let’s go back to a thre minute chart let’s tighten it
up you do have uh two eight-point
candles we’re now in the Silver Bullet
hour let’s go take a peek at everybody else again all right
it’s Battleground
now if you wanted to be aggressive in a short there you could you have two candle clearance it’s a level that will
be marked on the end of the day
start you have to know it’s counter small
Bulls are in control
and everything we said the Bulls are in control when it pulls back like this and doesn’t even grab the low it’s Gathering
more buyers more people to defend price that want to get paid you’re an eighto candle
land I want to go see what that level did on a 30 second chart so on a 30 second chart it had its touch bounce
beautiful and then that level of balce too very nice but realize it’s super
counter you better see money take money
so funny not taking this High signed weakness not taking this low shine
showed strength both cases that’s what happened what break a level long would
have been nice if you’d have survived it
very nice this is when I go ahead and just remove the vwap from my chart it means nothing it’s not being respected
or anything it’s Flatline it’s nothing don’t need
it all right Bulls baby
now how does it not get it come on
and actually that’ll be recorded as a yeah yeah I’ll do that later
today so complex chop is what was basically promised complex chop is what we’re
getting what does it do on complex chop days it takes out a l it takes out a high and typically finishes a round
Pock so trade location is very
important you short the tops you long the bottoms the odds of getting a breakout
are small
but come on how are you not getting up there
if someone would do me a favor I’m going to share this YouTube live link I’d be
interested in knowing on your end how much of a delay there is and the easiest way to look at that is look at the clock
here and then look at the clock on the stream I’m curious how much of a difference there
is it’s probably 10 seconds from what I calculated but if somebody would check
that I’d appreciate it just different computer different
location different
internet
interesting I got nothing
oh I forgot to end the stream actually so if somebody would check that for me and then I can end that
stream all right boy we get back under the opening here complex chop day is the
recipe all right I’m going to go ahead and end that stream 17 seconds okay thanks Jackie all right YouTube thanks
for uh participating and um if you’re interested in learning what we do check us out at micr
trader.com I need to have an alert that goes off that says end YouTube