Mon AM Briefing Preparing For Our Emini Trading Room 07/15/2024

Preparing ES & NQ Traders
For Our Emini and Micros Futures Trading Room

https://www.youtube.com/watch?v=97jmnghSGkU RESOURCES:
            ▶️ ES Price Map (Single Prints, VPOCS, News Drivers,...)

            ▶️Youtube Community Updates             ▶️ Website for ES MES Trading Room (Back Up)


TRANSCRIPT:

Good morning, traders! Good morning, good morning, good morning. Happy Monday, July 15th. Well, it's a good thing we start off with the AM briefing. Our country needs them, so we're going through the Ten Commandments. We're almost done, actually. The ninth one is: "Thou shalt not bear false witness." There can be no justice without truth. You know, there's a quote attributed to George Orwell: "In a time of deceit, telling the truth is a revolutionary act." I feel like we live in a world of deceit. If you watched the news this weekend in real-time, you saw how major news organizations reported the assassination attempt as a loud noise. The Secret Service escorted Trump off the stage after he fell. We live in a world of massive deceit on a grand scale. Truth is required. So, before we get into it, I want to address something. There is a GoFundMe for the Butler victims. The gentleman who was shot in the head was protecting his wife and daughter at a political rally and received a bullet to the head from hatred. That is unacceptable in our country. Now that daughter has to live with the fact that she was right there when her father's head got blown off. The least we can do is pay off mortgages and pay for college and all of that. A GoFundMe has been established. They had a goal of a million and raised 3.6 million. I'm going to offer my members something special and also prospective members something special. If you donate to this cause, if you're a member of mine and you donate 100 bucks, you get to pick between getting a set of four price action workshops or the Back to Basics workshops, which is basically four workshops that go over boot camp for those who've already been through it. I think it's absolutely fantastic as a refresher. If you're not a member and you've been considering becoming a member, I'm going to give you an incredible deal that expires today, Monday, July 15th. If you donate $250, I will count that as your $500 training fee to join my group. If you donate, come to my website, go to the support ticket page, and attach a screenshot of your donation. I trust you, and I will contact you as soon as possible to deliver on my promise. I'm encouraging these donations. You can do what you wish. If you are in the slightest bit disappointed that the shooter missed, don't join. We are not the same people. This is not how the greatest democracy in the history of the world behaves. It's not acceptable, and it will not be tolerated. Nor will attitudes that support such demonic behavior be allowed in our group. Alright, let's get back to business. Welcome to the AM briefing number 27, brought to you by microtrader.com, where together we trade better, and it's absolutely true. Alright, let's get into it. Alright, alright. Okay, I had to push the button one more time, I guess. So here's today's news drivers. We've got Powell speaking again, luckily after my quitting time, so it probably won't affect anything. And we've got the Empire State Manufacturing Index. This is option expiration Friday, so towards the end of the week, prices can get squirrely, especially on Friday. If you're looking for a three-day weekend, you got it this coming weekend. Take Friday off. It is typically a very dangerous environment to trade. There are easier days to trade. Tip of the day: when in doubt, be greedy. It's okay if you miss the trade. Who cares? There's another high-probability trade around the corner. If you're in my group, I made a pretty extensive post last night: Are you ready for a cash account? I do plan on doing a more in-depth video on it, but I was sharing my thoughts with you after a phone conversation with a member of mine who I believe is ready for a cash account. So go through those questions and scenarios and see if you think you might be ready. If you are a member and want to have a conversation about that, reach out to me. We'll hop on a phone call and flesh it out deeper. Last week, we had 20 winners and three losers. The three losers occurred during New York lunch, which hasn't happened much lately, but it caught up with us this week. So, pay attention to that. We have a nice high-probability system. If you'd like to learn it, check us out at microtrader.com. Seasonality chart: July is just a monster, plus it's an election year. Who knows what's going to happen today with the events over the weekend? I heard Tesla was up like 7% last night, and we've obviously been loading up overnight as well, which we'll take a peek at in a second. Tomorrow, we are live on YouTube. If you're checking us out and want a free Zoom pass, join us every Tuesday for the summer. I don't know if I will continue it in the fall, but if you'd like to join me tomorrow, you can. If you like what we're doing here, like and subscribe. Consider becoming a member. Now let's get to the chart. This is what we've done overnight. Very clear, clean, crisp line here. You don't want to be counter to that. The all-time high is not that far away on the bigger scale. Let's scrunch this in a little bit. If you watched my video this weekend about the cat's tail, here it is again, the cat's tail. The further we get up here, the less likely I'm interested in a long. To be honest, if I had to trade right now at this moment, I would do nothing until we either take out the daily high or daily low. A couple of strong levels there. You can see what they say and where they say it. Let's check out all the indices. Where is everybody? Russell the king, Dow strong. Everyone's got upward swing VWAPs, and everyone's above their VWAP. One of us is above yesterday's high already, bounced off yesterday's high. Are we all on the same train? Boy, it is looking like it today. I would probably trade later than earlier, let some things flesh out here. Don't be so quick to jump in on a trade, in my humble opinion. That's kind of my game plan here. I may not even take a trade today. I'm going to be greedy and look for the most perfect setup for our system. There will be no B-level trades today for me, only A-level setups, and I encourage the same because you don't know what's going to happen today. It's higher risk because of Powell speaking plus what happened over the weekend. Let's be patient, let's be careful, let's be smart, because together we trade better, my friends. To learn more about our group, go to microtrader.com.