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Showing posts from November, 2024

Wed ES MES Micros Technical Analysis 11/27/2024

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Preparing ES Emini & MES Micros Traders For Our Emini and Micros Futures Trading Room Amid a bullish market ahead of Thanksgiving, traders are advised to remain cautious while respecting market levels. Psalm 100 sets a tone of gratitude as participants prepare for holiday trading. A significant number of red folder events, including GDP and Core PCE data, are anticipated to impact the markets today. Meanwhile, the ES remains within reach of all-time highs, underscoring a dominant bullish trend. Avoiding shorts and adding to winners remains the mantra for disciplined trading. RESOURCES:              ▶️ Free "Futures Foundations Course"              ▶️ Membership Options        ▶️ Youtube Community Updates              ▶️ Website for ES MES Trading Room (Back Up) TRANSCRI...

Tue ES MES Micros Technical Analysis 11/26/2024

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Preparing ES Emini & MES Micros Traders For Our Emini and Micros Futures Trading Room Futures traders are encouraged to stay disciplined as Thanksgiving week unfolds, with a focus on protecting gains during volatile sessions. Key market levels, such as the London Low and Monday’s high, will guide trading decisions, while bullish control persists across indices. As the market edges closer to all-time highs, traders are advised to remain cautious, treating each day like Friday to avoid unnecessary risks. A free Zoom pass and Discord group access are available for those seeking live insights and collaboration within the trading room. RESOURCES:              ▶️ Free "Futures Foundations Course"              ▶️ Membership Options        ▶️ Youtube Community Updates            ...

Mon ES MES Micros Technical Analysis 11/25/2024

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Preparing ES Emini & MES Micros Traders For Our Emini and Micros Futures Trading Room The Thanksgiving trading week kicked off with optimism as traders focused on bounce setups amid thin market conditions. MicrosTrader emphasizes teamwork and high-probability trades, adapting to volatile conditions where long positions dominate the sentiment. A holiday-shortened week with key economic data on Wednesday could shape the market trajectory, with caution urged for countertraders. MicrosTrader encourages disciplined strategies, leveraging key levels and trading insights to navigate the unique challenges of this week's price action. RESOURCES:              ▶️ Free "Futures Foundations Course"              ▶️ Membership Options        ▶️ Youtube Community Updates              ▶️ ...

TradingView Data Analysis with ChatGPT: IB Range Analysis

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How to Download Data from TradingView and Use ChatGPT for Analysis Today, we’ll explore an intriguing process: downloading data from TradingView and analyzing it using ChatGPT. The focus will be on examining the Initial Balance (IB) range in trading, addressing questions like: What percentage of the time does the price take out the IB high? What percentage of the time does it take out the IB low? How often does it take out neither or both? Let’s walk through the steps together. Step 1: Preparing and Exporting Data from TradingView Set the Chart to a 1-Hour Interval: Switch to a 1-hour chart so the first candle of each trading day represents the IB range. This simplifies identifying the high and low for the initial balance. Compress and Export the Data: To maximize the data download: Compress the chart to fit as much historical data as possible on the screen. Export the data using the “Export Chart Data” option. Rep...

Futures Traders Guide To Losses: The Secret No One Wants To Hear

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Taking a Daily Loss Limit: A Learning Experience Today, I hit my daily loss limit live on Zoom, and I want to share some important lessons. Losses are an inevitable part of trading—there is no such thing as a 100% foolproof system. What matters is how you take the loss and how you recover from it. Key Takeaways on Losses and Recovery Losses Are Inevitable: Every trader will experience losses. It’s crucial to have your stops in place and adhere to them. Honor Your Daily Loss Limit: The most important rule in trading is to know and respect your daily loss limit. This principle is covered in detail in my Leverage Metrics Training , available in the free Foundations Course. If you fail to honor this rule, you risk blowing your account on volatile days and cutting short your trading career. Stops Are Insurance: Stops are a necessary cost of doing business. They protect your trading capital and allow you to trade another day without significant financial or emotional...

Fri ES MES Micros Technical Analysis 11/22/2024

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Preparing ES Emini & MES Micros Traders For Our Emini and Micros Futures Trading Room The ES MES Futures trading room emphasized discipline in its Friday morning briefing, urging traders to respect loss limits and prioritize risk management. Highlighting the week’s news, including PMI data and next week’s PCE release, the group suggested recharging during the Thanksgiving holiday for a strong December start. Key insights included analyzing gaps and balance ranges while preparing for potential market shifts. As always, traders were reminded to trade smart and stay green through perfect execution. RESOURCES:              ▶️ Free "Futures Foundations Course"              ▶️ Membership Options        ▶️ Youtube Community Updates              ▶️ Website for ES MES Trading Roo...

Thu AM Briefing Preparing For Our Emini MIcros Futrues Trading Room 11/21/2024

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Preparing ES Emini & MES Micros Traders For Our Emini and Micros Futures Trading Room Welcome ES MES Futures Traders Good morning, everyone! Today is an exciting day as Bitcoin approaches the monumental 100,000 mark. This news may be the story of the day, even overshadowing the ongoing buzz around Nvidia. Currently, Bitcoin is at 98,000, inching closer to this milestone. Inspirational Quote of the Day Continuing with the Thanksgiving theme for November, today’s motivational verse is Philippians 4:6: "Don’t worry about anything; instead, pray about everything. And the peace of God, which surpasses all understanding, will guard your hearts and minds." This is a beautiful reminder to remain thankful and calm. AM Briefing #309 Welcome to today’s AM Briefing, brought to you by MicrosTrader.com . Together, we trade better. In our ES MES Futures Trading Room , we analyze the markets, share insights, and support each other through every trade. If you’re new, ...

Wed AM Briefing Preparing For Our Emini MIcros Futrues Trading Room 11/20/2024

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Preparing ES Emini & MES Micros Traders For Our Emini and Micros Futures Trading Room On a bullish Wednesday morning, ES MES futures traders gathered for an insightful session emphasizing gratitude and discipline. The key takeaway for day traders was patience: wait for setups, avoid revenge trading, and stay disciplined. Nvidia earnings after-market and bullish momentum were identified as key market drivers, with scenarios for both pullbacks and resistance levels outlined. With members achieving milestones and live trading ahead, MicrosTrader.com continues to champion structured, disciplined trading. RESOURCES:              ▶️ Free "Futures Foundations Course"              ▶️ Membership Options        ▶️ Youtube Community Updates              ▶️ Website for ES MES Tradin...

Tue AM Briefing Preparing For Our Emini MIcros Futrues Trading Room 11/19/2024

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Preparing ES Emini & MES Micros Traders For Our Emini and Micros Futures Trading Room ES MES Futures traders gathered insights on market strategies, emphasizing patience and gratitude as essential traits for success. Key trading setups and levels were discussed, with the group achieving significant gains through precision and community support. Trendlines and VWAP bounces dominated the analysis, offering actionable opportunities. Traders were encouraged to refine their skills through the MicrosTrader community and free Foundations Course. RESOURCES:              ▶️ Free "Futures Foundations Course"              ▶️ Membership Options        ▶️ Youtube Community Updates              ▶️ Website for ES MES Trading Room (Back Up) TRANSCRIPT: Welcome ES MES Futures Traders ...

Mon AM Briefing Preparing For Our Emini MIcros Futrues Trading Room 11/18/2024

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Preparing ES Emini & MES Micros Traders For Our Emini and Micros Futures Trading Room On Monday, ES MES Futures traders began the week with an optimistic outlook, emphasizing NVIDIA’s mid-week earnings as a potential market catalyst. The trading session highlighted the importance of aligning trades with prevailing market trends, as well as monitoring geopolitical developments, which could inject unexpected volatility. Updated strong levels were shared to guide traders, with a focus on the "Santa Claus Rally" suggesting possible year-end market strength. Resources, including a free foundations course, were promoted to equip traders with tools for success in navigating complex futures markets. RESOURCES:              ▶️ Free "Futures Foundations Course"              ▶️ Membership Options        ▶️ Youtube Community Updates  ...

Fri AM Briefing Preparing For Our Emini MIcros Futrues Trading Room 11/15/2024

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Preparing ES Emini & MES Micros Traders For Our Emini and Micros Futures Trading Room Friday's trading outlook highlights the unpredictable nature of Opex Fridays, urging traders to approach the day with caution or to abstain altogether. Key levels, such as the bull/bear line and overnight halfback, could signal shifts in market control. Yesterday’s session underscored bearish dominance, with the market breaching critical support levels, while today’s strategy advises patience and precision in identifying entry points. Traders are encouraged to reflect on gratitude to maintain a positive mindset amidst volatile conditions. RESOURCES:              ▶️ Free "Futures Foundations Course"              ▶️ Membership Options        ▶️ Youtube Community Updates              ▶️ We...

Thu AM Briefing Preparing For Our Emini MIcros Futrues Trading Room 11/14/2024

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Preparing ES Emini & MES Micros Traders For Our Emini and Micros Futures Trading Room In today’s session, traders focused on maintaining gratitude while navigating the complex landscape of the ES MES futures market. Following recent CPI data, market conditions remain choppy, requiring strategic discipline and a focus on carefully defined trading zones. Key insights shared include the importance of risk management, recognizing market euphoria, and maintaining consistency in a potentially volatile environment. For traders seeking deeper insights, MicrosTrader.com offers resources and a supportive community. RESOURCES:              ▶️ Free "Futures Foundations Course"              ▶️ Membership Options        ▶️ Youtube Community Updates              ▶️ Website for ES MES ...

Wed AM Briefing Preparing For Our Emini MIcros Futrues Trading Room 11/13/2024

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Preparing ES Emini & MES Micros Traders For Our Emini and Micros Futures Trading Room Today’s update begins with a reflection on Psalm 107, continuing a focus on thankfulness for the Thanksgiving season. In trading, MicrosTrader’s room briefing emphasized patience in trading, particularly with today’s CPI release bringing heightened volatility to the market. Key strategies include waiting for second short opportunities rather than jumping in early, especially in current market uptrends. Yesterday’s group trades saw success in both short and long positions, reinforcing the value of carefully monitored levels and entry points. RESOURCES:              ▶️ Free "Futures Foundations Course"              ▶️ Membership Options        ▶️ Youtube Community Updates              ▶️ ...

Tue AM Briefing Preparing For Our Emini MIcros Futrues Trading Room 11/12/2024

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Preparing ES Emini & MES Micros Traders For Our Emini and Micros Futures Trading Room In a morning briefing, futures traders at MicrosTrader were reminded to stay thankful and to avoid rushing into shorts in a market with limited sellers. As the CPI release approaches, today’s post-holiday trading could bring volatile price action, highlighting the need for caution. Traders were also advised to be mindful of potential consolidation following recent upward moves. MicrosTrader offers live trading guidance, helping members navigate real-time price action. RESOURCES:              ▶️ Free "Futures Foundations Course"              ▶️ Membership Options        ▶️ Youtube Community Updates              ▶️ Website for ES MES Trading Room (Back Up) TRANSCRIPT: Welcome, ES and MES...