Tues AM Briefing | Preparing ES Traders For Our Emini and MES Micros Futures Trading Room

 

TRANSCRIPT:
let’s start today in a state of [Music]
gratitude thankful for those who love
us and for the one who created [Music]
us and for the opportunities bound to us
by being in a state of gratitude we are
happier and I believe a happier Trader is a better
Trader should always be managing your emotions making sure they’re in check
[Music] so be
grateful always take a temperature your
[Music] motion did I be
trading do I need to step away from the chart do I need to go for a walk do I
need to do 10 push-ups should I be
[Music]
trading all right good morning good morning Tuesday April the
23r so normal disclaimer I’m not a financial adviser anything I say um is
just my opinion as one man sees it and this ad is all always going to be here
this is the Journey of a Trader it’s a hazardous Journey with small wages as you’re learning it can be bitter cold
and long months of darkness and constant danger safe return doubtful but honor
and recognition an event of success that is absolutely true so welcome to the am
briefing by micr trader.com where together we trade
better so our scripture this this morning is going to come from Ecclesiastes I know that there is nothing better for them than to be
happy and enjoy themselves for as long as they
live moreover it is God’s gift that all should eat and drink and take pleasure
in their toll so that related to this morning’s message of being grateful
thankful it leads to happiness that’s the plan that’s the goal that’s the
design and and it certainly makes you a better Traer if you can be in a happy
State of Mind related to that Mark Douglas is we have to be careful of what we project
into the future because nothing else has the potential to create more unhappiness and
emotional misery that unfulfilled expectations that relates to happiness
it relates to you thinking you’re going to tell price what it’s going to do as well we cannot project the future every
trade is random every trade is random every trade is
random the result is random now we do have a high probability system we do
have an edge we know with 92% certainty if there’s if there’s such word of
certainty there that price bounces look what just happened here off our strong level look what happened here off the
strong level look what happened when it got up here it bounces off of our levels and that gives us our Ed Edge and that’s
why we have such a nice win rate and success so let’s look at
this all right we already did the first one so yesterday was if you’re if you’re newer to our group it’s about as easy at
get as it gets it was absolutely gorgeous it was easy it was easy to read
we read it perfectly um so I captured from this long to here I posted a video
on that I captured 37 point of this 50 point move um I wish i’ have went long at
16 um so when we were in the group I in I said that I would be looking if you’re
W to be long a little early 16 is it if you’re wanting to be long a little bit uh later in it um this retest of the
strong level was called out as well super easy and then I took this short from here made 10 points almost captured
20 but it didn’t quite happen now if you watch that video about the 10 points and that short had this been a different
time frame not the last 20 minutes of the day I would have added right there I
would have added I mean I added in this trade here when it came back in here I added here you saw that on the 37
pointer because I would have I was hoping they would defend it and not pull it back all the way back in but they didn’t defend it I actually took a
five-point loss on that one who cares how much more refreshing is it to
add to a winning trade and take a five-point loser than to add to a losing
trade and the trade becomes worse the only thing that can happen when I add to a winning trade is it
becomes a little less awesome that’s not a bad way to go a little less
awesome so we are still in risk of short squeeze is high we just back tested the strong level um had I not been going
live I would have probably taken that I can see there’s a front side there against the strong level and we are
getting up over this long-term trend line here so risk of short covering is
still high yesterday’s plan I said short small leverage and know when things turn
that is one of the things we’re really good at in our group is knowing when things turn and getting on board the
train my traders in my group was constantly told don’t short this if you do you better do it
small and if they were on Zoom they were given the the signals in my opinion be
long and did very well so today what is the game plan today it’s Trend we’re
going to zoom out here in just a second and look at that okay um and today’s tip would be add to Winners add to Winners
look for opportunity to add to Winners when you are in the profit on a trade instead of looking for when am I getting
out I want you to primarily be thinking about where can I add to a winning trade
and if that add-on loses money like that 37p Point winner here it’s okay it’s
okay so now let’s go to a little bit of a higher time frame here I’m going to slide this out of the way let’s go to a
30 minute chart and let’s look at this what’s becoming obvious
here sessions are stacking on top of each other going
north you’d better respect this cuz now we can come in here and without a doubt
throw on this trend line here so we’re breaking this longer term trend line
here we’re establishing a new one sessions are stacking on top of each other the Bears are no longer able to
get it done what’s price going to do I don’t know but all I can do is
trade current Trend price and trade location that’s what I can do you need
to know where you’re at so you can take advantage of it let’s bring this back and we’ll
conclude the am briefing so single prints uh you had a one set of single prints yesterday in fact there’s two
things I want to point out here let me go back to a three minute
chart So Yesterday NQ took filled its uh Sunday night Gap
es left a little bit there es had a set of single prints right here left a
little bit there is this writing on the wall I believe it is but at the end of
the day I’m still going to trade Trend and trade location so two little nuances on ES
that it didn’t take this and I told the group in on Zoom yesterday I said we
didn’t take it I think that’s a sign for the Bulls
then we start lading we get on board chw chew the train is going and you’re on board the only thing you have to do is
do nothing but manage your stop if you didn’t watch that video on the 37 pointer I I encourage you to do that um
boy look at here look at this pop off that that is really strong that is really strong man oh well you don’t need
every trade you don’t need to be in every trade you’re not going to get all of every trade and who knows if this thing let’s say we open up and this
thing is already ran up strong I have no trade today oh well yesterday was
amazing I don’t have to be in a trade today just because you’re day trader doesn’t mean you have to trade every
single day um news drivers today let’s let’s come over to my website here let’s go to
the price map I’m G to move this out of the way I’m G to move you out of the way um so
yesterday I put those two videos here um if you wanted an easy link to see to see
those two videos um this one I added to a winner and lost five points on that
who cares uh and then the single prints I added one set of single prints from yesterday it’s
still there and today is Tuesday so we have manufacturing and services PMI 15
minutes after the opening this is Central Time and then 30 minutes after the opening new home sales and Richmond
Manufacturing Index so make sure with that those are on your chart one of the
easiest way to put those on your chart is draw a vertical line and uh write what the event is on
it that way it’s on your chart we’ll use a countdown timer uh to help us to keep
track of of that time and that way it’s in my face and it makes it very easy look at this move guys that is
strong um is there anything else I want to cover about the am briefing any of the strong levels look at the price map
we went over that we went over that we went over that we went over that so uh right now the play is long or flat um
I’m going to choose flat for now we’ve got two news drivers coming up I don’t have to trade before the news
drivers I would have certainly taken this long oh well all right guys that
will conclude the am briefing and if you want to hang out with us um we will stay
live on Zoom until that first news driver and let that happen and see and see what happens so we’re typically just
hanging out sometimes we have great discussions sometimes it’s just pure silence because I’m still doing my my
personal pre-flight walking up all the way to the opening so sometimes I’m I’m
not on mic at all um but you are welcome to watch on YouTube and if You’ like a
zoom pass or you can actually get on Zoom and ask any questions you want uh grab you a zoom pass and I’ll give you a
first class tour of what we do all right so now I’m going to get
busy into my own pre-flight again
so thanks for watching and uh I think I like doing the uh briefings Live on YouTube
so I don’t have the chat turned on because I just can’t monitor everything so um if you have any questions you can
always submit a support ticket at micr
trader.com in the pre-market I typically like to be on a higher time frame chart reduce some of the noise I really really
want to get a good feel of where everything is okay one second
hey all right I had to tell my daughter bye
okay so let’s do this where are we in relation to to yesterday I always want
to know
that and yesterday we all got on the same train cho
cho when you’re in a trade and everybody’s on the same train trading’s so easy you know one of the things I
told a me a new member yesterday I said all your trading should be stress free should be stress free if you’re
stressed uh you’re not sure what you’re doing or you’re overleveraging which is
also not sure of what you’re doing but trading should be stress
free if you’re stressed press the exit all
button just get out reset something’s not right that is your body’s early
warning system of yeah I’m not liking what I’m seeing I did something
stupid that doesn’t increase your happiness that’s for sure if it upsets your state of Happiness
just to keep on the happiness theme you know that something’s not right
okay let me let my traders in my room know I like to let them know exactly
when I’m online for sure
you know maybe in the description can I put a comment or I could put a link to where you could ask a question and then
I get notified by text message that you a asked a question um let me get my Discord up and
running bger picture single prints
ranges actually I need to change where that
clicks all right
you know one thing that was really nice yesterday in our uh alerts that go on our trading floor
right in here you’ve got a check Trend in here you got a careful counter
trading and in here you got to careful counter trading because you’re parabolic
you’re parabolic so that helps keep you on
sides even if we’re not live on Zoom
all right let me bring my chat box over
here let’s
see you know let’s pull this in a little bit I mean we’re just in a ba area of balance but we are these sessions are
lading up like we talked about in the AM briefing but look at this session is touching this session it’s touching this
session you’re just in this balance area I really want to see us get over
this rth High I’d love to see us still come back down here I don’t like that the low was
done in the overnight session I’d love to see it come back down here oh maybe
one of these news events will send it a little crazy and we’ll come to either here or here that would be delicious
I certainly see no reason to be shorting this although in this down move I did
take a short down to there that’s fine it obvious that’s where we were
going
all right good morning Patrick people will start coming into the
room nice to see you using your trade Journal I love how you draw the Peaks
and valleys I used to have to draw those a lot when my group was new for people uh
really nice to see you do that very smart
man yesterday was about as easy it gets man yesterday was one of those dream
days it was just you
know so I I I hope I helped you get into a trade I don’t know if I did um but
certainly beautiful opportunities there um everyone should have had just one of those fantastic days which is great you
know if you can have a fantastic Monday which is not normal Mondays are usually
disgusting um but you know you’re up really nice going into the rest of the week you get to be super
picky um we’re still just inside of yesterday’s range let’s go look at everybody
else yeah don’t yeah just don’t there there there’s another high probability trade right around the corner you miss
it you miss it [Music] um so very
smart very smart so we’re all within yesterday’s range no one’s doing
anything we’re probably waiting for news of course the big news is Friday um nice job man hey you
know one of the uh heard a trador one say that if you could capture 10% of the
day’s move so yesterday was 70 points 10% of that is seven points you nailed
it if you can capture 10% of the range you nailed it anything more than that you did
phenomenal so don’t be afraid to use that as a little Benchmark because sometimes like oh I should be up higher
dude I can’t tell you how many days I went I called it perfectly and it and I and it missed me by every entry by three
ticks two ticks one tick and it ran and you go you got to be kidding me it’s okay come back the next day
certainly this move back to the strong range provided everyone the right trade
and boy did when I left Zoom I said hey if it does this and does that do
it still leaving the single prints and the Sunday opening Gap I think that’s all
important all right I really am sick of seeing this trend line here but I need
to know it’s there it’s okay I just don’t like tons of
diagonal lines on my chart and I don’t really need them um I’m going to remove that one and I’m
going to remove that one I’m just going to use if we’re above this uh level here
5053 that’s what I’m going to use I’m going to remove this trend line don’t need
it we’ll add some more things here
don’t need don’t need don’t
need need good morning Warren
how was your day yesterday did you trade yesterday I saw
your journal entry actually I’m sure you told me in the journal entry I don’t remember
now it’s funny you said the Friday uh am briefing was uh like I was speaking
directly to you
you know one thing I did yesterday I didn’t I for it was in my notes to mention it on the am briefing but after
I got into this trade and I peeled off contracts you know and I did the F let I
took one off to finance the uh runner and I put the
so I should have said this it’s fine level here
went long and so you had multiple contracts you’re taking off as pric is going up and you let one of these
contracts so I I put one specifically at two points so it was a two-o distance
here so I took one off at two points so I could put my runner at minus two points wi okay this
contract this contract financed my Runner to be minus two points so I could
survive a double tap and that’s actually what you got right
here you got a double tap off that strong level my stop was just behind it
because I had I let a two-point profit Finance the two-point loss on the runner
and that was the key to having a really fantastic run there I wanted to be long so bad I was like I’ve got to finance
this runner in a losing position um and in fact the only loss I suffered yesterday if you looked at my
percentages was a uh runner that was in a minus position because let’s be honest
most of the time price does not follow through yesterday price followed through
strongly um and the odds of that happening today are pretty darn good as well good morning papy man you missed a
dream day yesterday
papy we read it like a fiddle and uh rocked it I was up 50 points on one
runner at one time but I only captured 37 of it I I honestly didn’t want to go back and look at it because I I just I
had I had my colonoscopy yesterday so I was out all day and it was just oh the
charts at one point saw that big run in afternoon like yep I don’t even want to I don’t even want to go review so it it
was so beautiful because we were trying for that if you remember on Friday and it just wouldn’t do it of course
yesterday I’m out and well watching es and NQ at the same time
uh was the key to one of the keys of of of noting the turnaround and literally I told the guys if you want to be early go
along at 16 which was that candle and then when as we were getting off Zoom I went okay if this happens I’m going long
and I did and it it paid well so it you know I told
the you know and in the brief is said if you’re new in our group it doesn’t get easier than yesterday
you know you get one of those Runners and you make 30 points you know how many two-point trades that is you know where
you’re like you’re just getting base hits two points two points one point in one trade you’re
just yeah to me though it’s it’s a double-edged sword because it’s like um you know you get that what is it um
dopamine hit sure sure so it’s a good one though yeah but then I’m trying to
get it on every trade well you you’re you’re very systematic so um oh yeah I
lock in if I didn’t lock in those points but yeah and that’s why we do the yeah
you know one of the things I I want to point out um is obviously this uh here
the sessions are stacking to the north um so got to be mindful of that and if
you want to see the am briefing part of it [Music]
um this week I am testing although I think I love it um of live streaming on
YouTube the am briefing and uh maybe through 15 minutes after the opening and so if you want to
go watch the am briefing part it’s the first seven
minutes and here I’ll post the link in here and that confused me this morning I
clicked on what I thought was going to be the am briefing and it was you talking exactly the same as the zoom I’m
like what’s going on here yeah wa okay please tell me something because I believe I set a
setting where you can just back it up to the beginning so when you go to that video
actually if somebody will do that yeah you you should be able to take the slider and go all the way back to
the beginning yes you can okay perfect that’s what I wanted if for if you couldn’t do that I
wouldn’t do it live but honestly it saves me about an hour of my morning by
not creating that am briefing video and like well you’re just going to get the stutters and Ms
and stuff live but it definitely has freed my morning a lot just by saying let’s do it
live who cares I’m not
perfect so I think I like doing it live let’s give some people a little preview maybe of what we’re like
oh I didn’t realize you could back that up be good to remind everyone I will go back as I missed the beginning ah okay
Warren you know the other thing I thought of doing and maybe I should ask you guys that maybe I should do the am
briefing live and end it and do a new live for people that want to be here for
the pre-market and opening um I can do
that you know
because you guys don’t need the live you’re already here live you’re on Zoom okay just do the one I
agree maybe at the beginning of that I need to say well no because if someone
came on when I was 30 minutes in they just got to know you can back
up h
I could have a little sign down here it says tuning in late back at the YouTube
video all right so you see all these lines up here I don’t care about them at all they mean
nothing they mean nothing yesterday somebody asked do you have this line on your chart and it was
about the lines above us on like they don’t mean anything they mean nothing if this thing’s going to if the
Bears are going to run out the door and they haven’t really done it yet they kind of did it yesterday they’re
defending halfback um we’re breaking that that with that trend line they haven’t all
ran out the door yet but some of them did yesterday so what am I looking for what
we were looking for yesterday I’m hoping the news driver pulls it down we can get grab some kind of liquidity here trap
these people and get on board now we take this out it’s probably
Watch Out Below um careful with Longs
below
so all right guys I’ll I will be back I’m still
doing that little sign would do it what would you think I should say late to the
stream what do you think it should say Warren help me with that wording a little bigger picture single prints
ranges h i can create a little sign for
sure rewind the video is that the word
here let’s see
want see am
briefing rewind well that is an old term
rewind back up scrub scrub turn on alerts
I’m making it way too wordy rewind the video I know rewind the
video that’s boy is that Blockbuster days
huh to see am briefing back up to the beginning maybe that’s the way to say
it back up video to the
Be Kind [Laughter]
Rewind watch the am briefing back up the video to the beginning
um let’s see let me do a new
sticky screenshot this ah
I could move this here to watch am briefing backup video to the
beginning I misspelled briefing
jez let’s try it again
to watch am briefing backup video to the beginning morning Mr
Toby Mr Bruce all right I can keep that
there wonder what that looks like on YouTube if it’s readable it looks like
it’s readable actually I need to move it to the other side cuz the zoom logo should I be Trading the zoom logo is
over there so I’ll move it over
here we’ll go there I think that works
okay uh 25 minutes to the opening I still got to do a couple pre-flight things I will be
right back
just put that right there I’ll be right
back good morning and welcome to the premar perspective T Tuesday April
20
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all right I don’t know what I did with my single prints from yesterday what fold are they’re
in so we got that shadow Trader Shadow tra
just listen to him did I delete
those all right add back add it
back it almost got them in the overnight that not that it counts in the overnight it only counts in the
rth but
close man like I said the a briefing had I not
been here I would have taken this long you got a front side there and a fair value Gap no backup level but you
do have the strong level you do have Trend uh that would have been worthy of
of taking but oh well we’re entering into the no trade
zone by time on ES
you know what didn’t happen yesterday um inq did not have the type of day that
we had let’s go look at inq here for a second go 30 minute
chart inq although still had short covering it did not take out the
previous day high we did it had an inside day it is inside of the previous
day still showing this type of move fact if I was trading it I would say that it
might even be a parabolic type of move here
um think I could draw that and I’d probably come here and say
okay for sure at this point I wouldn’t be shorting inq now it’s relatively
weaker in the sense of it didn’t even take yesterday’s high Tesla reports this
afternoon that could throw a monkey wrench into things of what it does today but you got to look at it like this it’s
just a big balance area a big balance area um one could
easily come in here and it’s not this is not the range yet but this is a very
possible range what does it do up here does it come up here and come back in then you might just be in this range
area but this is not a range yet but I’m gonna throw it on there um let’s go down
into a 10-minute chart just so I can pull all this stuff in a little bit better so when we come
look at it because yesterday was inq was so
helpful in our es trade um I actually uh was trying to take this
short right here it missed me by like a point on mnq so Patrick I’m not afraid to trade
uh I like when I see that either like NASDAQ is the really strong one or
nasdaq’s the really weak one I will trade M andq at at at certain levels
but it is the red it is tough um good morning Jackie good
morning Mr Brooks Good morning George how you doing
good sir how’d you do yesterday today yesterday was as easy it gets man easy breezy beautiful
Covergirl yeah it was you know I saw that note you said
hey new members you know there’s not a lot of days like this that are this easy you
know it’s almost that sometimes I felt like oh this is that e you know only reason why I say that is because for the
new guys of their own um you know I I got a little ahead of myself and
confidence in the past on those easy days and realize not all days are that
easy and the thing I would want anyone to take from that is when it doesn’t
feel that easy dial it down I mean yesterday like
you couldn’t lose it was that’s what it should feel like and
if it’s not feeling that way don’t fight it just bring it down dial it down there
are easier days and yesterday was one of them we haven’t had an easy day in a long time it felt like and yesterday
couldn’t have been more beautiful if it’s not feeling like that dial it
down dial it down man
let’s go back to a 10-minute chart
here so just a little extra note here if we get above this strong range actually
is what I want to Anchor it to we get above that I wouldn’t be
shorting until it’s time to short so you know I didn’t know somebody was going to
call me out on it but I I took this long and then I took a short but where when did I take the short when
it met all the criteria it was time to go the other direction bigger picture
single prints ranges so I I shorted this and then I longed
this and then I shorted that that’s okay but one thing I’m not going to do
when this thing is shooting straight up saying whoop it’s going to bounce off this strong range well good luck with
that now if you do it one tiny contract with a wide stop and hands off
the mouse and if you’re right and it goes into the profit be protective but other
than that the easy trade is just be long and you are still in the risk of short squeeze is
high so please be careful shorting above
that’s why I literally could turn off all these levels up here I don’t want any bias turn on alerts I don’t want any
bias that up it might bounce here UPS it might bounce here no I want to be long
and not even worry about those levels and just play chess all right let’s turn on the
alerts I’m not going to worry about eighto candles I think everybody’s got
that when we get back to the Chop days where there’s like no eight-point candles I’ll turn that back on just
hey be
aware Yeah man so if you guys when you watch that
am briefing if you don’t mind like clicking the like button or something kind of tells Google hey people like
this or YouTube
whatever if it’s worthy of the thumbs up all right Mr Caleb in the house nice to
see you good sir how’d you do yesterday do you have a journal you
don’t have a journal for some reason I thought you did
okay remember if any of you guys want to a journal just to put stuff or Journal
your trades or um it does give a little public you
know it’s a little different when you put your yourself out there trust me when I first started publishing these
strong levels I’m like uhoh you’re really putting yourself out
there let’s go look at everybody else now in Q seems to be the stronger
one I mean look at this angle of this vwap look at the angle of this vwap look at the angle of this vwap
uh Russell the redheaded stepchild is not necessarily on board here uh but we get above yesterday’s
high and I’ll tell you the next thing I want to mark on NQ I’m going to go ahead and Mark this
High come on all right let me zoom in here I want to Mark that high too
I’m put a note Friday High I want to know that one because that means it’s pushing out
of its balance area because yesterday’s high is important but the real important high is Friday’s
high and then I’m going to make one more just to make it easy on me
all right we’re going to do it like that Friday overnight High we’re going to pull it in like that
okay all right I don’t need to mark that on ES I already have it on my
chart all right let’s bring that in bring that in I like to see a little bit of the
green all right so maybe the news catalyst
will
help oh Warren um the H at the end of your
referral code let me see um let me is that from the morning
stuff the H is missing let me just double check I
appreciate that man let me log
in here fing information
links yeah it is the age it’s correct on the trading floor
let me go make
sure boot camp analytics boom boom boom
Warren I’m not sure where you’re talking about
um PA see ah right there all
right so I have the word words wrong thank you sir
reminders daily reminders yeah I hope those daily reminders aren’t a pain but so many
people were asking some of those questions over and over and I’m like you know what every day I just need to make it pop up it’s no big deal thank you sir I see
what you’re talking about now that is fixed thank you very
kind all right guys we’re still pushing here no trade zone by time 8 minutes a
tough place to go long so it came up here and challenged
the strong range area um when I do a range it’s because I couldn’t really
decide which levels right in there I wanted to just hey be aware this is an area uh so that’s really what that is
it’s an area and obviously that repelled I don’t know if that repelled it but price repelled from there it’s coming
back for another test it ret traced half of yesterday’s range already um we got single prints here if
we opened up with some news event and it pushed down to the singles I might take a small long
there looking aggressively to take the gift of break even if it goes against me
um but I would be interested in that because these people seem to really be defending price and the upper
distribution so wouldn’t mind along off the single prints so we’ll see what
happens all good morning Paul thank you for being here guys thank
you all right nice little group here of degenerate
Traders I say that with the greatest love
all right I need to change something in my Maestro settings slide this
[Music]
over I’m G to make that disappear at 8:45
now okay
um I changed my screen setup um and I know that probably comes across
a little differently on your screens is the aspect ratio of the zoom acceptable
on your end because I can tweak it if needed I just I decided to remove the little
charts above this one and just come back and ref over here a little more
often but if the aspect ratio is really off for how you have your screen set up let me know we can adjust
it okay all right
well hopefully everybody had a good day yesterday yesterday was about as easy as it gets on the am briefing link um on
the video you want to just see the am briefing grab the slider and push it all the way back to the beginning it’s about
seven minutes long but basically uh we are lading up we are leaving behind some breadcrumbs
that says uh we’re going up but we’ll see what happens I’m not
biased one way or the other way um but I do know that if this thing pops us strong range here shorts up here are not
available to me I will just turn those off until like here price turned around
went short here
awesome you know at one point I could say I’ve never seen a short I didn’t like and then you learn there are shorts
you better not like and the main one is shorting a short covering rally you
don’t do that you just don’t do it
you just remove that trade off your repertoire and that’s one reason I’m so cognizant of when short covering is
going to happen and sometimes you got to say it for a an entire week before it happens it’s
okay know where that’s going to happen or where that very likely could
happen and then and then once you start seeing those fair value gapping candles
going north uh you just go hold on have things
changed um let’s turn on the
essentials I’m not interested in a three minute chart right
now all right I’d really like this see what happens we’ll play it as
presented let’s take a peek at everybody else is anyone doing anything
crazy NQ is close to yesterday’s high once again bounce off that its halfback
and opening yesterday all bullish all bullish all bullish but I can’t go long here so I
don’t have a trade makes it easy
still trying to figure out a format that I like to do the live am briefings I kind of like the different music maybe
with a different little
message will will in the house nice to see you good
sir okay so um Christine who’s in the group I she sent me a message
about is there anybody going through the training I don’t think she’s at a
different pace but she’s asking if there could be any accountability Partners or something I encouraged her to post it in
the group if anyone wanted to kind of partner up with her um she’s a she’s an executive um
super bright um but going through the training and um you know at one time I I
thought I could have more experienced guys kind of take someone on that was
new um but you certainly do not have to do
that but I did encourage her to post it in the group and see if anybody wanted to partner up with her and
um as she’s going through the training so if anybody would want to do that make sure you reach out to
her we’ll see if she does
it almost wish I could offer some kind of deal you you and a friend join at this
price and you and the friend go through the training and you and the friend be accountability partners and but I don’t
know that’s asking a friend an awful lot you
know so just to reiterate if anyone’s interested in a private Channel where
you it’s just you and I in that channel so you can ask anything post any chart
whatever you might want to do know that’s available all right we are
open we are opening near yesterday’s high that’s
strong all right bigger picture single prints
ranges that didn’t click it in the right spot all right
all right how many times have we lately seen
it open and it never comes back to it all right so we’ve got news and
15 I’m going to add my countdown so I don’t have to keep up
with
it there it is
um we have another news event at the top of the
hour I need something new to happen on the chart here um I don’t have a trade here yet now if
we pop up over this with conviction I’ll be taking that
long small with looking to add to a winning
trade if it comes down here of course we’re looking for our break-in trade
so 12 minutes to
news back and forth through the opening let’s go take a peek at everybody else uh Russell showing a little Signs
of Life Dow coming in a little bit Ah popped it high very
nice and then we want to see what inq does up here with those levels because
uh es took out those levels yesterday let’s go look at NQ
individually five minute chart that way we can still see lots of this areas very
nice very nice okay I said it’s all bullish there I just can’t go long right there I just can’t do it it needs to
break something still back and forth through the opening back and forth through the opening could
just be waiting for
news well I was really hoping for the squeeze yesterday to 5125 that have been 100
Pointer but if we can get going you know in Monday’s briefing I talked about it’s got to get over this level here it’s
really got to get over this to be the the second stage booster rocket is there
that’s the second stage booster rocket in my humble opinion what do I know I’m just a a guy who’s pretty good
at knowing where price
bounce I don’t know if I say good morning Joel but good morning
so inq took a tie probably pulling back in Dow is pulling
in news in 10 minutes it’s a no trade zone by time if it pushed down to the single
prins and the overnight low and the rth halfback I’m probably going to take that even if I’m in the no trade
zone and know that I am using just a piece of you know this week’s profits
it’s okay it’s no big deal yesterday was a fantastic
day so for people who might have made it in late and did not see the am briefing you can always scrub the video back to
the beginning and if you’re a newer member of mine yesterday was easy as it gets yesterday was just every time you
enter a trade it goes and um when you aren’t getting those days
you should pay attention to it okay because uh those are the days to dial it
down and then you get the days yesterday that is just you just look at each other and go how is this this easy today
sometimes you get those days weeks at a time weeks just easy every day and then you get time frame where crap I forgot
what an easy day feels
like all right let’s go take a peek at everybody else all right back
so on these days like this where there’s two news events in the first 30 minutes is like what do you just you got to hang
out unless it does something pretty spectacular
um yeah those single prints I’d be interested no [Music]
long I’m gonna prer a much bigger pullback but based off the strength I’ve seen overnight the strength of yesterday
it only uh retraced to the halfback of yesterday I’m certainly interested in a long just under it small with
the eyes on adding to a winning
trade you know when you look back at all your trading if you never added to a loser and you only added to a winner how
different would your results have looked like dramatically right so I will not add to a losing
trade I will not add to a losing trade I will not add to a losing trade
I hope you hear those words in your brain burned into your
memory I’ve had many people tell me when when’re not they’re not live on Zoom they hear the voice my voice in their
head there’s certain phrases we need to just repeat over and over got to train
ourselves all right so careful shorting above here back and forth through the opening we’re
obviously waiting for [Music]
news so nothing to do but wait same as when you get in a runner you just wait that’s the hardest part
literally I got into that trade I set my stop on that’s what I was telling earlier and I got off track and
I I put it in the group I said I’m going to go run errands I set my stop and I’m leaving and sometimes that’s the best
strategy you’re in a trade you love your trade location you believe you’re with
Trend I took one contract off at two points in the profit to finance the runner at minus two points so therefore
I could take a uh double tap and I left
I had to go run an airand from my wife I went to the grocery store and you just let the trade develop
because sometimes just watching the trade you get greedy and like I’m just GNA take this 20p pointer oh I’m just G
to take this 10-pointer and you screw yourself out of the really good move the easy money
you if You’ have just done nothing so I was like all right I G to I
love my trade location I did very well I now got one at minus two points I’m going to walk
go run some errands not be a slave to the chart and if it would have gotten me out
awesome who cares there’s another trade around the
corner still got nothing five minutes to the uh new news let’s take a peek at
those news drivers real
quick manufacturing PMI level of diffusion index based on
surveyed purchasing managers in the manufacturing industry okay um how is this data
derived a survey of 800 purchasing managers which ask respondents to rate
the relative level of business conditions including employment production new orders prices supplier
deliveries and inventories so this is a survey of 800 purchasing managers to all
of that and now then you got Services PMI survey of 400 purchasing managers uh
which ask the same questions um so it’s a leading economic
indicator and so we will get those result results we don’t care what the results are we just care about the
reaction and we care about when they are happening then at 9 o’clock we have new
home sales leading indicator of economic health health because of the sale of a
new home triggers wide reaching Ripple effects such as Furniture appliances
mortgages things like that so new home sales at the top of the hour and the Richmond Manufacturing Index which is a
survey of 55 Manu ufacturers than Richmond area which ask about business
conditions shipments orders employment all that stuff so couple pieces of economic data
this morning do we need to know what they are no do we need to know what the numbers
are no we just need to know when they are when not to
trade all right let’s go che check everybody else
out so Russell we know can turn around on a dime and Skyrocket or
vomit these two are the most important to each other and then this one’s the next most important and this is the
redheaded stepchild but we look at them all we look at them
all NQ pushing new highs new highs we’re
pushing what’s going to happen when it actually hits the strong levels I have no clue news event it could rip right
through any level your levels mean very little right now this is why it’s a no trade zone by time your levels mean very
little and on news events you know sometimes like a CPI candle you’ll delete 50 lines off your chart it’s a
beautiful [Music] thing look at that angle of that vwap man
I’m still on a 10-minute chart I feel no need to be on anything
smaller go look at NQ over
here all right take a peek at everybody else all right news and balance in one
minute and a half I’m going to go ahead and reset this for the news at the top of the
hour no trades
here we’re in a no trade zone by time and you might want to actually wait until the news at the top of the hour
and you’re just watching and seeing what happens and is the chart setting up you’re like a surfer waiting for his
wave going not that one not that one oh this one’s looking
good all right 45 seconds to news see what happens
I’m going to change the color of this trend line to Orange because it’s based off of 30 minute levels if we’re going to draw a trend
line based off the overnight which we do often this is the
line and then what does it look like it looks like we might be going
parabolic all right here we go
what do I know but we’ll see what [Music]
happens bigger picture single prce ranges all right there’s your well I’m
on a 10-minute chart let’s go to a three minute chart all right let’s see what it does
with this range here to the top of it very nice a point
candle uh so no trades which I wouldn’t going to do
anyway but I was hoping for a push down didn’t get
it and now if this thing let’s say just runs without me I’ll be done I’ll close my dom like I’ll come back
later let’s go take a peek at everybody else look at that went right to the Friday’s High what they needed to
do that’s so
cool and then it’s going to reach for
this look at this guy um Dow definitely have evidence of
lading up still under yesterday’s high I don’t have anything here I’m not shorting this for sure that’s all I know
and I can’t long it yet
let’s drop to a one minute chart
here all right let’s see what it’s going to do here this would be the first
ladder missed my long by a freaking tick I had five contracts lined up
man oh
well I was going to use the bottom of that strong range and the rth high as my entry
long oh well wait for the next trade it’s another high probability
trade around the corner here I want to pull this rth High over here sorry give
me a second here move this rth High over here let’s go back to a one
minute now this is on a one minute on a three minute we’ve got nothing
we got nothing but on one minute there’s a little something I seem to be with Trend I was willing to take that long I
almost did it I almost spread out my orders through the strong range but I went you know what I’m going to do it from the strong range to the rth high
and uh missed me it’s whatever so take a peek
ah and if I miss it I miss it what do you do
all right we got another news event here in the top of the hour we are really in a no trade zone by
Time new home sales Richmond Manufacturing Index
um so here I would have done the same let’s say they got me in all five contracts take
all whatever two three of them let one of them Finance the the the trailer have
that in a negative should I be trading a negative profit
situation especially when you’re with Trend if you’re counter you may not want to do that you might want to just put it
at break even but if I’m if I feel I’m with Trend and I can let one contract Finance
the runner you got to do it and then look for opportunities to
add all right news in 10 minutes I’m going to wait till after this news event to do
something and I feel like a broken record but if it runs without me it runs without me I say that for me and
you I’m here coaching
myself so AO candle
um so when I’m done with this Zoom when I at my quitting time I did
not record the trades from yesterday so if you’d like to hang around while I go and record yesterday’s
trades um feel free to do that I’m going to end the YouTube live here after this
next news event I was like let’s let’s get a news
event going on in here and then what’s tomorrow light
Newsday uh light news day when I start
the a briefing tomorrow morning morning there’s a orange folder event then
there’s crude oil later and uh Thursday several red folder
events
okay so inq took uh yesterday’s liquidity Friday’s
liquidity pulling back in so we’ll see what happens
you know in my opinion make no mistake about it bears are still in control we had a small short covering rally
yesterday bears are still in control but boy it looks like uh their hand is
slipping morning Mr swing good morning Jared anybody else walking here Mr
Nathan where’s Mr suel today I don’t blame you if you took that long
there off that one minute backside I’m sure papy’s
long although maybe not with a news event but he didn’t trade yesterday I bet he’s
long I’m going to wait ah you missed it I’m gonna wait
eight minutes to the top of the hour eight minutes to news then maybe this
final this next hour we’ll get something
good if there wasn’t news in seven minutes I would have taken that
long but it just I can’t right now and it needs to get over this strong range
it needs to ladder over this I want it to ladder over this I I will be
aggressively looking for a long with a ladder above
here small though and then if it ladders again I’ll add
bigger but I want to be in it I just can’t be in it seven minutes before the
next news event so we’ll just wait there’s another trade around the
corner
there’s also a one minute break level there against the overnight High against
the opening uh that might be of interest but once if you took that
small I’ll be right back for
man look at that balance I’ll tell you that setup is a balance
or a battle between greed and trading discipline trading discipline said not
to take it because of a news
event I mean could I have taken that with one contract with a 20 point stop loss and it not hurt me
yeah I wouldn’t have taken 20 points but you know what I
mean ah man if it had done that the first push down that would have got me into my five
contracts oh man that would have been so nice it’s good I mean I I know I’m
sighing and exhaling and but it’s okay the beautiful thing is that was right
it’s just the wrong time it was
right between here and the rth that’s where I had my five
contracts oh
well four minutes to the top of the hour four minutes till news and like I said if this thing just
runs without me I’ll close my dom because I won’t Chase it I’ll just be oh well I’ll wait for another trade
maybe it’ll look better this afternoon you know if I have missed you know just to talk about that for one
second let’s go over here to yesterday let’s say you missed that entire run
up well all the conditions met to go short here and I at one time I had a 20p
pointer I only captured 10 but you know what so what I missed this whole run I got that you could have gotten that one
it’s okay it’s
okay here it is on a three minute chart two eight-point candles back to back this is a no trade
zone all right three minutes to news could this be the most beautiful Judas swing ever
careful counter trading yep careful counter trading was the
alert you just got
two and a half minutes to news two and a half minutes to the top of the hour no trade zone by
time that’s
awesome maybe it’ll Rock up for you workout workout let me grab my
weights the workout notification goes off two minutes before the top and the bottom of the hour because you shouldn’t
be trading anyway
all right time to stand [Music]
up all right one minute to news I’m going to go and turn this bad boy
off see what happened so you do have two eight-point candles typically we get three of those in the first 30 minutes
it usually represents a good day not to trade if you don’t like to trade in irrational price
action it’s a double-edged sword it can run really quick your direction or rip
your face off if you don’t like trading in those environments don’t trade in the eighto candle
land it’s good until it hurts you like adding to a
loser all right 17
seconds see what happens
you know the thing is is NQ has taken two pools of liquidity yeah of course we
picture single press ranges would you look how ridiculous Russell is
it was the weakest the whole night and then it opens and goes straight up
man all right the news is out will there be any reaction that might create a trade
opportunity I would IDE not ideally but I would love to see it at least come down here and take this
liquidity come back in give us a break-in trade I would like that
or if we’re going to ladder over this like I said I’ll be aggressive on an ad well not an ad it’ be an initial
entry is that the bounce off the strong
range once again just bad timing as far as time is
concerned as far as time is concerned anybody take that long that have been a good one I certainly wouldn’t have
blamed you for taking that one we we aggressively got over the strong range we came back and tested it
um I was looking for a way to get long but I would have done it small and now
I’m just going to wait to see what happens here see what our next setup might
be certainly if you’re just watching rth this cannot be ignored yet
all right if you’re watching on YouTube and you’d like to trade with us live