Wed AM Briefing Preparing For Our Emini Trading Room 05/15/2024
ES Price Map (Single Prints, VPOCS, News Drivers,...)
TRANSCRIPT:
Welcome to the AM briefing video presented by Microstrader.com, where together we trade. [Music] Good morning! It feels like one of those funky days in the market. DP, one of those tried days where a 100-point candle is entirely possible. Today's quote: "Set your mind on things above, not on earthly things." It doesn't matter what this candle does today; it doesn't matter at all. Be smart, though, and dial it down like you're going to get funky with it. [Music] Oh yeah, look at Papy over there doing the stanky leg. Oh yeah, Jared and Seil just sitting over there all cool. Uh-oh, Jackie doing the worm. Get it, go Jackie, go go Jackie, go. M, uh-oh, Justin getting a little crazy over there. Calm down now, calm down, calm down. All right, woo. M, uh-oh, Caleb, robot man. My traders are getting a little crazy going into the trading day today. My goodness, Bruce, I don't know what Bruce looks like. I’ve never seen him. We got to get you in Discord, my friend. All right, enough of that funky. So, let's move right on into the day. Today we're actually going to do something different. We're just going to go back and look at all of these CPI days. There's nothing to discuss really, but let's go back and look at these CPI days and see what in the world they might have looked at. So, just a little recap for yesterday: we hung out at this strong range and then we went up here to this strong level and that's where we have hung out. Boy, these strong levels really help us in our trading. And if you'd like to learn how we trade, check us out at Microstrader.com and become a full member. I'm actually going to offer something called a summer intensive. It's on the website now, but I haven't finished out the details or what the cost of that might look like. But if you're looking to deep dive and go really deep into what we do, we're going to offer that this summer. It's going to be Monday, probably Monday through Wednesday at 11 o'clock Eastern in the morning. So, Monday is probably going to be a review of one of the core bounce levels, and then Tuesday and Wednesday are going to be a candle-by-candle breakdown of the price action and where all of the entries would have been. We're going to do that for eight weeks during the summer. So, that's for members and brand new members. Brand new members, your path will look slightly different because you'll have additional homework. All right, so let's get into it. So, that was yesterday. Perfect. Now, let's go back to April 10th. CPI, 16 days after the final day of a month. Whoa, which one of these aren't like the other? So, last month's CPI candle, let's see, what did that go like? 100-something points. H, and then look at the RTH session. Horrible. Just horrible. My goodness. All right, let's go on back to March 12th. Whoa, straight up, almost retraced the whole move. Boom, trampoline. Trampoline, look at that. And then if you got in, that's tough, man. Woo. So that's what we're doing here. We're looking at the wildness. We're looking at the—that song was Funky Panda and boy, I think we got a funky panda on our hands with today's news driver. Which one of these aren't like the other? So, once again, straight down and then what happened in the RTH? It retraced part of it and then straight down the whole day. All right, very interesting. So, let's go to January 11th. What happened here? Whoa, another trampoline. Boing, boing, boing, boing. Now that would have been our entry. That would have been our entry. Wild indeed. So this thing, RTH, went 60 points this way and then basically 50 points back. All right, so we're in January. Let's go now to probably December 12th. Yep, doing all those days. Che, kind of was getting the pattern. So, trampoline here, up, down, looks like right to the halfback basically, and then all the way back up here. So, range is not going to be a problem, that's for sure. All right, so let's go to November, probably 14th. No, 10th. November 10th. I don't think November 10th was it. No, it was definitely not. No, I don't believe that was November 10th. Did I type in him? There it is. I was like, no, it's not that day. There we go. I miswrote it. I just knew that was not it. So, total 100 points. Little liquidity grab and shoot straight up. Very nice. All right, let's go back to October. October 10th. Let's take a peek at October 10th. Oh, is that going to be the last bar on a 10-minute? Okay, I'll have to switch to a higher time frame. Actually, I don't. I don't even have it. So, let's go to October 10th on a 30-minute chart. And I could, no. Okay, October 10th. Tuesday, October 10th. October 11th, nope. Right here. Not much of a reaction there. I mean, you still had a fantastic move, so it must not have been much of a surprise there. Very interesting. Very interesting. All right, let's go to September 13th. Okay, which one of these aren't like the other? There, my goodness. My goodness. Leaving strings of fair value gaps on a 30-minute. So, this is one of the things to watch for in the strength of the move. Fair value gap, fair value gap, no fair value gap. Now, three candles going back and forth through the same level. And then that—that's the deceleration that you're looking for, in all honesty. If you're short, you can watch that type of deceleration and make decisions on how you want to handle that. September, now let's go to August 10th. For some reason, the sessions aren't working anymore. Boy, how helpful is it having those sessions on there? Now, luckily I know it's this. Everybody knows it's that. What a nice move that was. The trampoline, 70-something points. Let's go to July 12th. Take a peek at this, and there's that candle. July 12th here. Bo, which one am I looking for? This one. Jeez, all right. Not insane. They can go from insane to insane in the fact of 100 points and quickly move 50 points on the lower end of the move. June 14th, and here was that. And then boy, look at the reaction probably the very next day. My goodness, or wow. Very interesting. All right, let's go to May 10th, one year ago. What did this look like one year ago? Oh my. So, once again, trampoline here, ripping people apart both directions, which is typically the action. It’s ripping people both directions. So, if you were to trade it, you don't want to be going long and then saying, oh no, we're going short here. They catch you at the exact perfect moment for people who are chasing those types of price actions. April 12th, let's get into it. Uh, yeah boy, another—whoa, wiki wiki wiki. So, it goes down 60 points, then it goes up 35 points, then it goes down 45 points. Yeah. So, 30- to 60-point swing is not unusual. Not unusual. Let's go to March 14th. We're almost done with this, guys. I think it's worthy of going back in time and looking at it. My, what's a movement here. 90 points. It goes 90 points this way, then 60 points this way, and then 60 points that way, then 100 points that way. Whoa, my goodness. March, let's go to February 14th, Valentine's Day. What a great gift on Valentine's Day. Whoa, all right. So, it goes down 70 points, then it goes back up 50 points, then it goes back down 65 points, then it goes back up 50 points. And then look at the following days. I've really been meaning to pay attention to the following days. Look at that. My goodness. So, today through Friday is going to be level 10 conditions. There's no question. Level 10 conditions. And there we go. Boy, multiple times back and forth through a 70-, 60-, 50-, 40-, 30-point range. And then look at the next day. My goodness, boys, we are entering level 10 difficulty without question. And what have we done here on this chart? Well, this now puts us in this type of chop. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 sessions. One thing about it, this thing is going to have a beautiful movement. And where do I think that beautiful movement will go? I don't really know, of course, but we are not that far from this all-time high. That is the all-time high, right? Yes. Let's go ahead and just mark this. How far away are we in points? 60 points. You're going to tell me this thing cannot reach up to the all-time high? We just saw many swings where it was back and forth 60 points, 100 points. How far? Let's look to see what is 60 points the other direction. Where's 60 points the other direction? Whoa, are we seeing a cool little possibility here? Could we open up here, come down and grab all of this session, eight sessions of liquidity? All-time high. Is that in the realm of possibility? 60 points down, that'd be 120 points back. We really haven't seen a range of 120 points, but 100 is without, you know, within the realm of easily possibility. Stretch that a little bit more to come up and grab the all-time high. That would not be shocking, would it? That would not be shocking. Let's drop down to a 30-minute level here and say, all right, if it only took out yesterday's RTH low, let's say retraced half of the overnight. So that'd be 40 points down, 60 points up. There's the 100. There's the 100. H, well, guys, we will be live in our room before this opens, probably 15 minutes before. So, if you want to be on early and watch it with me, great. If you don't want any temptation and you want to come into the room at the market opening, I don't blame you. If you want to skip today, it totally qualifies for the Jesse Livermore quote: "There are days to go long, there are days to go short, and there are days to go fishing." Today is a good fishing day. I'll see you soon. Be safe out there. Stay green, my friends. And to learn more about our group, go to Microstrader.com.
Welcome to the AM briefing video presented by Microstrader.com, where together we trade. [Music] Good morning! It feels like one of those funky days in the market. DP, one of those tried days where a 100-point candle is entirely possible. Today's quote: "Set your mind on things above, not on earthly things." It doesn't matter what this candle does today; it doesn't matter at all. Be smart, though, and dial it down like you're going to get funky with it. [Music] Oh yeah, look at Papy over there doing the stanky leg. Oh yeah, Jared and Seil just sitting over there all cool. Uh-oh, Jackie doing the worm. Get it, go Jackie, go go Jackie, go. M, uh-oh, Justin getting a little crazy over there. Calm down now, calm down, calm down. All right, woo. M, uh-oh, Caleb, robot man. My traders are getting a little crazy going into the trading day today. My goodness, Bruce, I don't know what Bruce looks like. I’ve never seen him. We got to get you in Discord, my friend. All right, enough of that funky. So, let's move right on into the day. Today we're actually going to do something different. We're just going to go back and look at all of these CPI days. There's nothing to discuss really, but let's go back and look at these CPI days and see what in the world they might have looked at. So, just a little recap for yesterday: we hung out at this strong range and then we went up here to this strong level and that's where we have hung out. Boy, these strong levels really help us in our trading. And if you'd like to learn how we trade, check us out at Microstrader.com and become a full member. I'm actually going to offer something called a summer intensive. It's on the website now, but I haven't finished out the details or what the cost of that might look like. But if you're looking to deep dive and go really deep into what we do, we're going to offer that this summer. It's going to be Monday, probably Monday through Wednesday at 11 o'clock Eastern in the morning. So, Monday is probably going to be a review of one of the core bounce levels, and then Tuesday and Wednesday are going to be a candle-by-candle breakdown of the price action and where all of the entries would have been. We're going to do that for eight weeks during the summer. So, that's for members and brand new members. Brand new members, your path will look slightly different because you'll have additional homework. All right, so let's get into it. So, that was yesterday. Perfect. Now, let's go back to April 10th. CPI, 16 days after the final day of a month. Whoa, which one of these aren't like the other? So, last month's CPI candle, let's see, what did that go like? 100-something points. H, and then look at the RTH session. Horrible. Just horrible. My goodness. All right, let's go on back to March 12th. Whoa, straight up, almost retraced the whole move. Boom, trampoline. Trampoline, look at that. And then if you got in, that's tough, man. Woo. So that's what we're doing here. We're looking at the wildness. We're looking at the—that song was Funky Panda and boy, I think we got a funky panda on our hands with today's news driver. Which one of these aren't like the other? So, once again, straight down and then what happened in the RTH? It retraced part of it and then straight down the whole day. All right, very interesting. So, let's go to January 11th. What happened here? Whoa, another trampoline. Boing, boing, boing, boing. Now that would have been our entry. That would have been our entry. Wild indeed. So this thing, RTH, went 60 points this way and then basically 50 points back. All right, so we're in January. Let's go now to probably December 12th. Yep, doing all those days. Che, kind of was getting the pattern. So, trampoline here, up, down, looks like right to the halfback basically, and then all the way back up here. So, range is not going to be a problem, that's for sure. All right, so let's go to November, probably 14th. No, 10th. November 10th. I don't think November 10th was it. No, it was definitely not. No, I don't believe that was November 10th. Did I type in him? There it is. I was like, no, it's not that day. There we go. I miswrote it. I just knew that was not it. So, total 100 points. Little liquidity grab and shoot straight up. Very nice. All right, let's go back to October. October 10th. Let's take a peek at October 10th. Oh, is that going to be the last bar on a 10-minute? Okay, I'll have to switch to a higher time frame. Actually, I don't. I don't even have it. So, let's go to October 10th on a 30-minute chart. And I could, no. Okay, October 10th. Tuesday, October 10th. October 11th, nope. Right here. Not much of a reaction there. I mean, you still had a fantastic move, so it must not have been much of a surprise there. Very interesting. Very interesting. All right, let's go to September 13th. Okay, which one of these aren't like the other? There, my goodness. My goodness. Leaving strings of fair value gaps on a 30-minute. So, this is one of the things to watch for in the strength of the move. Fair value gap, fair value gap, no fair value gap. Now, three candles going back and forth through the same level. And then that—that's the deceleration that you're looking for, in all honesty. If you're short, you can watch that type of deceleration and make decisions on how you want to handle that. September, now let's go to August 10th. For some reason, the sessions aren't working anymore. Boy, how helpful is it having those sessions on there? Now, luckily I know it's this. Everybody knows it's that. What a nice move that was. The trampoline, 70-something points. Let's go to July 12th. Take a peek at this, and there's that candle. July 12th here. Bo, which one am I looking for? This one. Jeez, all right. Not insane. They can go from insane to insane in the fact of 100 points and quickly move 50 points on the lower end of the move. June 14th, and here was that. And then boy, look at the reaction probably the very next day. My goodness, or wow. Very interesting. All right, let's go to May 10th, one year ago. What did this look like one year ago? Oh my. So, once again, trampoline here, ripping people apart both directions, which is typically the action. It’s ripping people both directions. So, if you were to trade it, you don't want to be going long and then saying, oh no, we're going short here. They catch you at the exact perfect moment for people who are chasing those types of price actions. April 12th, let's get into it. Uh, yeah boy, another—whoa, wiki wiki wiki. So, it goes down 60 points, then it goes up 35 points, then it goes down 45 points. Yeah. So, 30- to 60-point swing is not unusual. Not unusual. Let's go to March 14th. We're almost done with this, guys. I think it's worthy of going back in time and looking at it. My, what's a movement here. 90 points. It goes 90 points this way, then 60 points this way, and then 60 points that way, then 100 points that way. Whoa, my goodness. March, let's go to February 14th, Valentine's Day. What a great gift on Valentine's Day. Whoa, all right. So, it goes down 70 points, then it goes back up 50 points, then it goes back down 65 points, then it goes back up 50 points. And then look at the following days. I've really been meaning to pay attention to the following days. Look at that. My goodness. So, today through Friday is going to be level 10 conditions. There's no question. Level 10 conditions. And there we go. Boy, multiple times back and forth through a 70-, 60-, 50-, 40-, 30-point range. And then look at the next day. My goodness, boys, we are entering level 10 difficulty without question. And what have we done here on this chart? Well, this now puts us in this type of chop. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 sessions. One thing about it, this thing is going to have a beautiful movement. And where do I think that beautiful movement will go? I don't really know, of course, but we are not that far from this all-time high. That is the all-time high, right? Yes. Let's go ahead and just mark this. How far away are we in points? 60 points. You're going to tell me this thing cannot reach up to the all-time high? We just saw many swings where it was back and forth 60 points, 100 points. How far? Let's look to see what is 60 points the other direction. Where's 60 points the other direction? Whoa, are we seeing a cool little possibility here? Could we open up here, come down and grab all of this session, eight sessions of liquidity? All-time high. Is that in the realm of possibility? 60 points down, that'd be 120 points back. We really haven't seen a range of 120 points, but 100 is without, you know, within the realm of easily possibility. Stretch that a little bit more to come up and grab the all-time high. That would not be shocking, would it? That would not be shocking. Let's drop down to a 30-minute level here and say, all right, if it only took out yesterday's RTH low, let's say retraced half of the overnight. So that'd be 40 points down, 60 points up. There's the 100. There's the 100. H, well, guys, we will be live in our room before this opens, probably 15 minutes before. So, if you want to be on early and watch it with me, great. If you don't want any temptation and you want to come into the room at the market opening, I don't blame you. If you want to skip today, it totally qualifies for the Jesse Livermore quote: "There are days to go long, there are days to go short, and there are days to go fishing." Today is a good fishing day. I'll see you soon. Be safe out there. Stay green, my friends. And to learn more about our group, go to Microstrader.com.
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