Thu AM Briefing Preparing For Our Emini Trading Room 07/25/2024
h1> Preparing ES & NQ Traders
For Our Emini and Micros Futures Trading Room
RESOURCES:
▶️ ES Price Map (Single Prints, VPOCS, News Drivers,...)
▶️Youtube Community Updates ▶️ Website for ES MES Trading Room (Back Up)
TRANSCRIPT:
good morning everybody good morning good morning I've been up since 3:00 a.m. price hit one of my targets I'm like let me get up and watch so I've been up at it early all right today's quote I put this in our group yesterday actually I thought I would use it for today Rejoice not against me oh my enemy when I fall I shall rise when I sit in darkness the Lord shall be a light upon me when I fall I shall arise you had a tough day yesterday you will arise You Will Come From the Ashes so I believe in that I believe in you if you're in our group I believe in our system so uh yeah when I fall I shall arrive all right let's get into it guys but welcome to the am briefing number 225 now this will probably be the longest am briefing we've done and I'm just going to just do it so let's get through the slides and let's get on the chart as quick as possible because there's a lot I want to share tip of the day use your risk settings okay whether you trade a cash account like I do or you have a prop firm account they have recently allowed uh if you're especially if you have trade of eight allowing you to use wrist settings if you're using ninja Trader there's other ways to have wrist settings um use those settings to protect yourself from yourself cu sometimes you have to protect yourself from yourself today's news drivers we have quite a few an hour before the Market opens uh some GDP unemployment all that good stuff and then of course eyes are on Friday with pce I put that rectangle in the wor in the worst spot um and next week nonfarm payroll in FC um so on my price map on my website there is a lot of information on that and I encourage you to go look at it so let's get to the Chart but before we do that um I did update the front page of my website I'm at my DNA I'm an artist I'm a Creator I have I love creating and so change the front page of the website a little bit we are bounce Traders draw a bounce line place a limit order price bounces off the line we keep a Runner that's basically our system in a nutshell um but I want to come over here and click price map uh cuz there's a few things I want to highlight uh for today so how did we do so during the day I will make updates on the uh price map so I'm pointing out here careful with Longs below I'm shouting hello hello hello and then I took a nice short here we're going to talk about that because I made a Trader error uh that cost me uh yesterday on this trade um this trade I managed perfectly I did it small I'm at a great location and I was holding a contract back and it came and got me for one tick oh well because uh boys and girls Trends are hard to break and then um yep careful with uh Longs below so like I said this is going to be a little bit of a longer one so I apologize kind of but I think there's going to be great information so this was Tuesday okay this is when we did our YouTube live we were talking in here about how we were not creating the levels needed to sustain an up move and when we got this vomit down I told you do not take along there then we came into this bull bear region again and when we went up I told you don't short this don't short this don't short this so where did we top out at well one of our tools so we have these strong levels that I share with you here but some of the other tools that we have we have quite a few Tools in our tool belt one of them is our ranges this is a high time frame range I have identified and boy we tapped out right there at the top of it how cool is that then we started down laddering Tesla all that stuff gap down and gave us a beautiful trend line to throw on our chart okay then yesterday morning in this area here um I was telling you once again or suggesting to you cuz I'm not in charge of your trading be careful with lungs below okay above this line watch out for short covering below here it's pretty much I could have said Watch Out Below as well so that is something to keep in mind as you were trading yesterday plus we had this strong trend line here to pay attention to so what we're going to do now is I'm going to move can I move my bar in the future actually I can't interesting so let's go ahead and do this let's go ahead and zoom it out I'm going to come into here and what I'm going to do is turn off the ranges for now we'll keep that trend line on there so one of the things that happen happened here is you had this primary trend line that should be on your chart and then in this rth boy did we go parabolic we sure did and the play was what short or flat short or flat first of all we're under this level here one of the things I am really good at you know you're like what do I bring to the table what why do I deserve $5 a day to be a member um I keep your safe by keeping you on sides to the best of my ability okay I am like the air traffic controller pointing out everything around you traffic weather um things like that I'm trying to keep you safe on these larger time frames and of course once we're trading I'm while we're live on Zoom I'm pointing out where my Longs are and where my shorts are I'm always trying to map out where's my long where's my short which one is on sides which one is counter the counter is automatically smaller what do you hear me say all the time on Zoom when we are going counter I know I'm going counter so therefore I know I'm going the lowest leverage possible okay so small if at all see money take money and never make things worse don't move your stop don't add to a losing trade take your L like a man like a professional Trader would take it it can reset your mind reset the chart and come back now my opinion if you counter and you take a full loser stop stop trading um you're out you're done so um let's turn on some of my notes here so trend lines I just talked about and then I went short here so let's do this let's come in here let's go to a thre minute chart so when we flushed this line here this strong level here when we flushed this and we came back up I went short those three contracts now I made a mistake and one of the things price was moving very very very very rapidly here but I should have probably re-entered is I had two contracts very nice in the profit let's come up here and look at this I had two contracts decently in the profit here this stop is in the wrong spot I should have had this stop up here I have no excuse allow one of these winners to finance where my stop would have been which would have been a loser had I done that one simple thing that I talk about over and over what a different day to have been short right here and you would have just sat on your trade if you if I had just done that it came back and got me to a tick so I was short somewhere right right there came back and got me and boy that one Trader error cost me being in a really nice move cuz I'm looking at that and saying where would I have potentially been gotten out and it was like 50 points so uh yeah I made a Trader error um then I took a small long here on a 15sec chart actually is where I took that long um cuz I'm looking for evidence of lading up what's the greediest level taking along and doing it like that and kept my stop at one tick it came back and got me which is fine I'm counter notice it's one contract I'm going to go back to that notice it's one contract one micro I kept my stop here in case it continued to go why didn't I follow this at 50% why didn't I see money take money because I'm a greedy bastard that's why um I I should have followed it at 50% and uh grabbed whatever profit it gave me okay now back to our ranges so in this area here I said if we ladder under this strong level we're going to the bottom of the range here okay and I used that as my opportunity to go long down here which was my next trade and it says here I went 82 long I put a 10-point stop loss said you know what I'm going to make it get me it's going to have to make a new low by about 10 points and you know where that joker went exactly to 62 came and got me out but here's my mistake I made another Trader error at one point I was up uh here at one point I was up decent how many points was I up let's let's measure that 82 82 is where I went long and I probably should have been a little Greer at one point I'm up six points why didn't I put my stop at one tick why CU I'm a greedy bastard and so I ended up taking a 10-point stop loss which put me negative for the day and I said that's it close your Dom um in my trade evate account and then we did this little flush here right at the end and I took that as an opportunity actually I went long in my tasty trade account and um on one micro and I closed out for 10 points uh before I went to bed so that's how that worked out um so hold on let me bring up I had two text boxes I remember so if you counter so first of all if you use my leverage metrics even if you're not in my group you have access to my leverage metrics go to my website oh I'm right here let's go to the website click our system and then click leverage Matrix okay you can download my spread sheeet and everything and get the full training that I give my members on The Leverage metrics it's kind of my gift to the community okay so does your leverage metrics have a a spot for counter see in my opinion every trade does not deserve the same leverage if I'm counter I'm small okay think about Friday rules think about if you're going to counter use a half of a daily stop loss don't even allow yourself to lose everything so when I took that 10-point loser I was negative for the day but it wasn't bad it was well under my daily loss limit but I went you know what you went counter you took a full 10-point stop loss you are done sir I am removing you from the trading floor you're done okay uh so it kind of stinks that it got me out at that uh 62 and um I'm I'm sitting there looking that going are you kidding me so in my tasty account like I said I entered one long I probably should have not taken that trade um but it's okay small if at all when can you long a downtrend guys you got to be crystal clear on this Crystal Clear on this you know how different my day would have been if I'd have stayed in that short how different would the day they have looked dang it so close okay so now let's look at what's happening here um what did we do overnight let's go to five minute chart I'm going to remove the ranges I'm going to remove some of the the colors going on here let me remove some of this stuff here guys clean this up a little bit so when I was developing these strong ranges I was going to make this a range but it was 10 points and the and the reason why I chose not to do it is we had our range right here in the middle our high time frame range so I only I made two different lines I was going to make that like this you see this range here that that rectangle that's what I would have done here but I just felt like it was a little too big and we had the top of this High time frame range that we have on our chart and look where price went here and had a beautiful bounce um that's what got me up early this morning um I I saw that somewhere in here and I went I got to get up you got to get up and uh so I've been watching it and um yeah so let me turn on my next call out so ranges it's another tool we have um so this is something very interesting so this is the first time we've hit one of our levels and had a strong reaction okay and then you had this strong up move and if you're a member of mine um let me turn on this next one so members what do you see think about the strength of the move if you want to if you're brave enough put it on the trading floor you should be brave enough we're just supportive it's a very safe place um to post things like that what do you see that happen that would tell us something about the strength of the move so that's your morning homework there you want to post it in the group so next thing I want to talk about trend line here and I'm going to let me turn on this where's the next long where is the next long I want it to break Trend and I want it to back test the strong range that's what I'm looking for or you got to Long the very bottom of the range um let me pull up one thing real quick ah it didn't get me in so on another screen I have an Mees and I had a long to go long here at 4250 didn't quite get there let me remove that order real quick guys okay so what am I looking for here so I love first first of all I love the strong reaction oo that's a first time you've seen bulls actually defend a price lately and they did it with a Vengeance then we came back to the strong level and hung out it's almost like I'm seeing the bear saying I don't know if we can go lower I don't know but I was willing to go long down here at the bottom of this range like I said 4250 didn't get me in oh well move on so my next eyes where's my next place for long I want to see us get above I want to see us get back into this range okay and I want to see us take out the strong range here and maybe go long off the top of that targeting the top of the range and then if we get above that risk of short covering as high could easily expect a 60p point move above there careful with shorts above okay careful with shorts above so my ey balls are really on are we going to get over that that's where my long exists when does Trend change guys when does Trend change when you ladder above a previous High that's when Trend changes higher highs and uh higher lows right now we're still making lower highs and lower lows so the trend is still down you made me pop on the chart right now what's the trade we are short or flat we are short or flat so I would want to map out both of my trades let me um turn off these strongs let me turn back on my ranges so just as a quick little recap here the last range this is one of the things we're good at guys this came to the range I fully expected us to bounce off the top of this range and didn't but I told the guys we're obviously in a vomit mode this is dangerous price action if we ladder underneath here we're probably coming to the bottom and we certainly came to the bottom then when we did this flush I honestly I was fully expecting it to come here to the to the next range I would have certainly taken a long call here um but it did it overnight oh well so we went from the top of this range to the bottom of this one and came back in we are still lading down the play is still short or flat that doesn't change until we ladder over a session high this is my opinion of the proper move if you were looking for a long but I'm looking for a short where is that well we ladder underneath here we lad underneath here we'll probably Target the bottom of this range so if you'd like to trade with us live check us out at micro trader.com you can get you a weekl long Zoom pass um and uh um or you can join the group and trade with us every single day all month long for one mes point a day heck I think this am briefing is worth one Mees point a day so if you're interested in joining us check us out here micr trader.com click our membership or come right up here this is where the zoom pass is if you're interested getting a one day or a week long Zoom pass all right guys I'll see my Traders live before the news event because I want to see what happens because I don't want to miss this move or miss this move all right so always map out your trades and realize when you are counter small if at all do not make things worse do not add to a loser do not move your stop loss take the loss like a professional Trader be proud of yourself that you did the right thing take the L okay all right I'll see my Traders live on Zoom here momentarily St green my friends and to learn more about our group go to micr trader.com
For Our Emini and Micros Futures Trading Room
▶️ ES Price Map (Single Prints, VPOCS, News Drivers,...)
▶️Youtube Community Updates ▶️ Website for ES MES Trading Room (Back Up)
TRANSCRIPT:
good morning everybody good morning good morning I've been up since 3:00 a.m. price hit one of my targets I'm like let me get up and watch so I've been up at it early all right today's quote I put this in our group yesterday actually I thought I would use it for today Rejoice not against me oh my enemy when I fall I shall rise when I sit in darkness the Lord shall be a light upon me when I fall I shall arise you had a tough day yesterday you will arise You Will Come From the Ashes so I believe in that I believe in you if you're in our group I believe in our system so uh yeah when I fall I shall arrive all right let's get into it guys but welcome to the am briefing number 225 now this will probably be the longest am briefing we've done and I'm just going to just do it so let's get through the slides and let's get on the chart as quick as possible because there's a lot I want to share tip of the day use your risk settings okay whether you trade a cash account like I do or you have a prop firm account they have recently allowed uh if you're especially if you have trade of eight allowing you to use wrist settings if you're using ninja Trader there's other ways to have wrist settings um use those settings to protect yourself from yourself cu sometimes you have to protect yourself from yourself today's news drivers we have quite a few an hour before the Market opens uh some GDP unemployment all that good stuff and then of course eyes are on Friday with pce I put that rectangle in the wor in the worst spot um and next week nonfarm payroll in FC um so on my price map on my website there is a lot of information on that and I encourage you to go look at it so let's get to the Chart but before we do that um I did update the front page of my website I'm at my DNA I'm an artist I'm a Creator I have I love creating and so change the front page of the website a little bit we are bounce Traders draw a bounce line place a limit order price bounces off the line we keep a Runner that's basically our system in a nutshell um but I want to come over here and click price map uh cuz there's a few things I want to highlight uh for today so how did we do so during the day I will make updates on the uh price map so I'm pointing out here careful with Longs below I'm shouting hello hello hello and then I took a nice short here we're going to talk about that because I made a Trader error uh that cost me uh yesterday on this trade um this trade I managed perfectly I did it small I'm at a great location and I was holding a contract back and it came and got me for one tick oh well because uh boys and girls Trends are hard to break and then um yep careful with uh Longs below so like I said this is going to be a little bit of a longer one so I apologize kind of but I think there's going to be great information so this was Tuesday okay this is when we did our YouTube live we were talking in here about how we were not creating the levels needed to sustain an up move and when we got this vomit down I told you do not take along there then we came into this bull bear region again and when we went up I told you don't short this don't short this don't short this so where did we top out at well one of our tools so we have these strong levels that I share with you here but some of the other tools that we have we have quite a few Tools in our tool belt one of them is our ranges this is a high time frame range I have identified and boy we tapped out right there at the top of it how cool is that then we started down laddering Tesla all that stuff gap down and gave us a beautiful trend line to throw on our chart okay then yesterday morning in this area here um I was telling you once again or suggesting to you cuz I'm not in charge of your trading be careful with lungs below okay above this line watch out for short covering below here it's pretty much I could have said Watch Out Below as well so that is something to keep in mind as you were trading yesterday plus we had this strong trend line here to pay attention to so what we're going to do now is I'm going to move can I move my bar in the future actually I can't interesting so let's go ahead and do this let's go ahead and zoom it out I'm going to come into here and what I'm going to do is turn off the ranges for now we'll keep that trend line on there so one of the things that happen happened here is you had this primary trend line that should be on your chart and then in this rth boy did we go parabolic we sure did and the play was what short or flat short or flat first of all we're under this level here one of the things I am really good at you know you're like what do I bring to the table what why do I deserve $5 a day to be a member um I keep your safe by keeping you on sides to the best of my ability okay I am like the air traffic controller pointing out everything around you traffic weather um things like that I'm trying to keep you safe on these larger time frames and of course once we're trading I'm while we're live on Zoom I'm pointing out where my Longs are and where my shorts are I'm always trying to map out where's my long where's my short which one is on sides which one is counter the counter is automatically smaller what do you hear me say all the time on Zoom when we are going counter I know I'm going counter so therefore I know I'm going the lowest leverage possible okay so small if at all see money take money and never make things worse don't move your stop don't add to a losing trade take your L like a man like a professional Trader would take it it can reset your mind reset the chart and come back now my opinion if you counter and you take a full loser stop stop trading um you're out you're done so um let's turn on some of my notes here so trend lines I just talked about and then I went short here so let's do this let's come in here let's go to a thre minute chart so when we flushed this line here this strong level here when we flushed this and we came back up I went short those three contracts now I made a mistake and one of the things price was moving very very very very rapidly here but I should have probably re-entered is I had two contracts very nice in the profit let's come up here and look at this I had two contracts decently in the profit here this stop is in the wrong spot I should have had this stop up here I have no excuse allow one of these winners to finance where my stop would have been which would have been a loser had I done that one simple thing that I talk about over and over what a different day to have been short right here and you would have just sat on your trade if you if I had just done that it came back and got me to a tick so I was short somewhere right right there came back and got me and boy that one Trader error cost me being in a really nice move cuz I'm looking at that and saying where would I have potentially been gotten out and it was like 50 points so uh yeah I made a Trader error um then I took a small long here on a 15sec chart actually is where I took that long um cuz I'm looking for evidence of lading up what's the greediest level taking along and doing it like that and kept my stop at one tick it came back and got me which is fine I'm counter notice it's one contract I'm going to go back to that notice it's one contract one micro I kept my stop here in case it continued to go why didn't I follow this at 50% why didn't I see money take money because I'm a greedy bastard that's why um I I should have followed it at 50% and uh grabbed whatever profit it gave me okay now back to our ranges so in this area here I said if we ladder under this strong level we're going to the bottom of the range here okay and I used that as my opportunity to go long down here which was my next trade and it says here I went 82 long I put a 10-point stop loss said you know what I'm going to make it get me it's going to have to make a new low by about 10 points and you know where that joker went exactly to 62 came and got me out but here's my mistake I made another Trader error at one point I was up uh here at one point I was up decent how many points was I up let's let's measure that 82 82 is where I went long and I probably should have been a little Greer at one point I'm up six points why didn't I put my stop at one tick why CU I'm a greedy bastard and so I ended up taking a 10-point stop loss which put me negative for the day and I said that's it close your Dom um in my trade evate account and then we did this little flush here right at the end and I took that as an opportunity actually I went long in my tasty trade account and um on one micro and I closed out for 10 points uh before I went to bed so that's how that worked out um so hold on let me bring up I had two text boxes I remember so if you counter so first of all if you use my leverage metrics even if you're not in my group you have access to my leverage metrics go to my website oh I'm right here let's go to the website click our system and then click leverage Matrix okay you can download my spread sheeet and everything and get the full training that I give my members on The Leverage metrics it's kind of my gift to the community okay so does your leverage metrics have a a spot for counter see in my opinion every trade does not deserve the same leverage if I'm counter I'm small okay think about Friday rules think about if you're going to counter use a half of a daily stop loss don't even allow yourself to lose everything so when I took that 10-point loser I was negative for the day but it wasn't bad it was well under my daily loss limit but I went you know what you went counter you took a full 10-point stop loss you are done sir I am removing you from the trading floor you're done okay uh so it kind of stinks that it got me out at that uh 62 and um I'm I'm sitting there looking that going are you kidding me so in my tasty account like I said I entered one long I probably should have not taken that trade um but it's okay small if at all when can you long a downtrend guys you got to be crystal clear on this Crystal Clear on this you know how different my day would have been if I'd have stayed in that short how different would the day they have looked dang it so close okay so now let's look at what's happening here um what did we do overnight let's go to five minute chart I'm going to remove the ranges I'm going to remove some of the the colors going on here let me remove some of this stuff here guys clean this up a little bit so when I was developing these strong ranges I was going to make this a range but it was 10 points and the and the reason why I chose not to do it is we had our range right here in the middle our high time frame range so I only I made two different lines I was going to make that like this you see this range here that that rectangle that's what I would have done here but I just felt like it was a little too big and we had the top of this High time frame range that we have on our chart and look where price went here and had a beautiful bounce um that's what got me up early this morning um I I saw that somewhere in here and I went I got to get up you got to get up and uh so I've been watching it and um yeah so let me turn on my next call out so ranges it's another tool we have um so this is something very interesting so this is the first time we've hit one of our levels and had a strong reaction okay and then you had this strong up move and if you're a member of mine um let me turn on this next one so members what do you see think about the strength of the move if you want to if you're brave enough put it on the trading floor you should be brave enough we're just supportive it's a very safe place um to post things like that what do you see that happen that would tell us something about the strength of the move so that's your morning homework there you want to post it in the group so next thing I want to talk about trend line here and I'm going to let me turn on this where's the next long where is the next long I want it to break Trend and I want it to back test the strong range that's what I'm looking for or you got to Long the very bottom of the range um let me pull up one thing real quick ah it didn't get me in so on another screen I have an Mees and I had a long to go long here at 4250 didn't quite get there let me remove that order real quick guys okay so what am I looking for here so I love first first of all I love the strong reaction oo that's a first time you've seen bulls actually defend a price lately and they did it with a Vengeance then we came back to the strong level and hung out it's almost like I'm seeing the bear saying I don't know if we can go lower I don't know but I was willing to go long down here at the bottom of this range like I said 4250 didn't get me in oh well move on so my next eyes where's my next place for long I want to see us get above I want to see us get back into this range okay and I want to see us take out the strong range here and maybe go long off the top of that targeting the top of the range and then if we get above that risk of short covering as high could easily expect a 60p point move above there careful with shorts above okay careful with shorts above so my ey balls are really on are we going to get over that that's where my long exists when does Trend change guys when does Trend change when you ladder above a previous High that's when Trend changes higher highs and uh higher lows right now we're still making lower highs and lower lows so the trend is still down you made me pop on the chart right now what's the trade we are short or flat we are short or flat so I would want to map out both of my trades let me um turn off these strongs let me turn back on my ranges so just as a quick little recap here the last range this is one of the things we're good at guys this came to the range I fully expected us to bounce off the top of this range and didn't but I told the guys we're obviously in a vomit mode this is dangerous price action if we ladder underneath here we're probably coming to the bottom and we certainly came to the bottom then when we did this flush I honestly I was fully expecting it to come here to the to the next range I would have certainly taken a long call here um but it did it overnight oh well so we went from the top of this range to the bottom of this one and came back in we are still lading down the play is still short or flat that doesn't change until we ladder over a session high this is my opinion of the proper move if you were looking for a long but I'm looking for a short where is that well we ladder underneath here we lad underneath here we'll probably Target the bottom of this range so if you'd like to trade with us live check us out at micro trader.com you can get you a weekl long Zoom pass um and uh um or you can join the group and trade with us every single day all month long for one mes point a day heck I think this am briefing is worth one Mees point a day so if you're interested in joining us check us out here micr trader.com click our membership or come right up here this is where the zoom pass is if you're interested getting a one day or a week long Zoom pass all right guys I'll see my Traders live before the news event because I want to see what happens because I don't want to miss this move or miss this move all right so always map out your trades and realize when you are counter small if at all do not make things worse do not add to a loser do not move your stop loss take the loss like a professional Trader be proud of yourself that you did the right thing take the L okay all right I'll see my Traders live on Zoom here momentarily St green my friends and to learn more about our group go to micr trader.com
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