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

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             
▶️ Website for ES MES Trading Room (Back Up)


TRANSCRIPT:

Welcome ES MES Futures Traders

Good Morning, Traders!

Happy Monday, November 18th! Today, we kick off the week with a "no-news Monday," marking the start of what should be a normal trading week. However, keep an eye on NVIDIA’s earnings announcement on Wednesday—it could be the biggest market-moving event for the rest of the year.

Today's Verse:

"I will praise God’s name in song and glorify Him with thanksgiving."
Continuing with our theme of thankfulness this month, this verse reminds us to focus on gratitude as we approach the end of the year.

AM Briefing Overview

Welcome to the AM briefing, brought to you by MicrosTrader.com. In our ES MES Futures Trading Room, we’re focused on learning to trade 1 to 3 MES contracts effectively, teaching strategies that can potentially transform your trading life by mastering impulse control.

Key Reminders:

  • Playlist & Timestamps: The AM briefings are available in a playlist with timestamps for easy navigation.
  • Earn Your Badges: Membership includes feedback on your charts to ensure accurate level plotting—a unique offering not found elsewhere.
  • Foundations Course: Explore our free foundations course at MicrosTrader.com.

Key Updates

  • Strong Levels Updated: Strong levels were updated last night for 11/18. Ensure your charts reflect these road signs to stay informed about price action.
  • Weekend Update Video: A detailed video covering Friday’s trading and ES levels is available. Feedback is welcome to improve future content.
  • Daily Tip: Evaluate market control (bulls or bears) and size your trades accordingly. Aligning with the trend warrants normal sizing, while counter-trend trades should use minimal leverage.

News Drivers

  • No Major News Expected: Markets may remain steady this week unless geopolitical events disrupt trends.
  • Geopolitical Concerns: Updates on Ukraine, including U.S.-authorized missile use, could introduce volatility. Stay alert for random tweets or political developments impacting markets.

Trading Strategy

Santa Claus Rally?

Market trends point to a strong year-end, often referred to as the "Santa Claus Rally." Regardless of predictions, stick to trading levels and core strategies, which have consistently proven effective.

ES Chart Overview:

Recent updates show:

  • Bears are in control after two days of strong selling. A short-covering rally could emerge, but timing remains uncertain.
  • Lower distribution levels and VWAP positioning suggest a cautious approach. Align trade sizes with prevailing trends for optimal results.

Group Focus:

Our group emphasizes watching all four indices move in unison to confirm strength in bulls or bears. This alignment enhances the confidence of trade setups and position sizing.

Resources

  • Free Foundations Course: Gain access to a free course for beginners, including bonus content for registered members.
  • Live Trading: Join us live 30 minutes before the market opens for mental training and strategy reminders.

Closing Thoughts

Stay disciplined and stick to your levels. Trading is about preparation and patience. If you haven't already, explore our resources and courses to enhance your trading journey. Let’s make it a green trading week!

MORE INFORMATION:

Summary:

  • ✅ Focus on Thanksgiving: Gratitude is emphasized in daily verses to keep a positive trading mindset.
  • ✅ Market Control Matters: Trade sizes should align with market trends—bullish or bearish.
  • ✅ Updated Levels: Ensure your charts reflect updated strong levels to follow the market's roadmap.
  • ✅ Geopolitical Risks: Stay vigilant about geopolitical developments that may disrupt the market.
  • ✅ Education & Community: Utilize resources like the free foundations course and live trading sessions to enhance skills.


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