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

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, check out our Free Foundations Course at MicrosTrader.com—no registration is required, but signing up gives you access to daily tips and a free Zoom pass!

Trading as a Community

The mental game of trading becomes significantly easier when surrounded by like-minded individuals. At MicrosTrader, we focus on trading the same system and charts. This shared approach not only enhances our skills but also provides camaraderie and psychological support, essential in such a mentally demanding endeavor. Remember, trading is not a solitary pursuit. Don’t go it alone—join a group that shares your strategies and goals.

Market Analysis and Updates

  • Key Events:
    • 1 hour before the market opens: Unemployment claims.
    • 30 minutes after the market opens: Existing home sales.

This week has been phenomenal, with consistent green trading days. If you’ve had a strong week, today is the time to activate “Friday rules”—scale down your risk, protect your gains, and avoid overtrading.

Bitcoin and Technical Outlook

The standout story is Bitcoin surging toward 100K. While I’m not personally in the trade, it’s a remarkable event worth watching. Alerts are set to notify us via our Discord group when this milestone is achieved.

In the ES chart, we are in a 4-day balance with clear levels to watch. Traders are encouraged to focus on levels rather than predictions:

  • High-Probability Trades: Look for shorts near resistance and longs near support.
  • Critical Levels: Be aware of session highs, lows, and ranges.

Key advice: Avoid trading without a proper setup. It’s better to miss a move than take impulsive trades. Over time, trade elimination—removing suboptimal setups—will significantly improve results.

Lessons from Yesterday

Yesterday’s market action provided several bounce opportunities. For example:

  • Key Levels Held: The market defended specific support levels multiple times, reinforcing their importance.
  • Hat-Trick Highlights: Congratulations to James for capturing three trades over 10 points each—two consecutive days of stellar trading in the group!

Overnight Action

London's session continued its usual pattern of taking out Asia's highs and lows before reversing. The key range remains intact, and we’re watching for a breakout or a move toward liquidity pools near 5880 for potential long setups.

Final Notes

Success in trading comes from preparation, discipline, and consistency. As we monitor today’s market, remember: trade with a plan, manage your risk, and stay focused. Stay green, my friends, and I’ll see you live in the trading room!

MORE INFORMATION:

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, 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, check out our Free Foundations Course at MicrosTrader.com—no registration is required, but signing up gives you access to daily tips and a free Zoom pass!

Trading as a Community

The mental game of trading becomes significantly easier when surrounded by like-minded individuals. At MicrosTrader, we focus on trading the same system and charts. This shared approach not only enhances our skills but also provides camaraderie and psychological support, essential in such a mentally demanding endeavor. Remember, trading is not a solitary pursuit. Don’t go it alone—join a group that shares your strategies and goals.

Market Analysis and Updates

  • Key Events:
    • 1 hour before the market opens: Unemployment claims.
    • 30 minutes after the market opens: Existing home sales.

This week has been phenomenal, with consistent green trading days. If you’ve had a strong week, today is the time to activate “Friday rules”—scale down your risk, protect your gains, and avoid overtrading.

Bitcoin and Technical Outlook

The standout story is Bitcoin surging toward 100K. While I’m not personally in the trade, it’s a remarkable event worth watching. Alerts are set to notify us via our Discord group when this milestone is achieved.

In the ES chart, we are in a 4-day balance with clear levels to watch. Traders are encouraged to focus on levels rather than predictions:

  • High-Probability Trades: Look for shorts near resistance and longs near support.
  • Critical Levels: Be aware of session highs, lows, and ranges.

Key advice: Avoid trading without a proper setup. It’s better to miss a move than take impulsive trades. Over time, trade elimination—removing suboptimal setups—will significantly improve results.

Lessons from Yesterday

Yesterday’s market action provided several bounce opportunities. For example:

  • Key Levels Held: The market defended specific support levels multiple times, reinforcing their importance.
  • Hat-Trick Highlights: Congratulations to James for capturing three trades over 10 points each—two consecutive days of stellar trading in the group!

Overnight Action

London's session continued its usual pattern of taking out Asia's highs and lows before reversing. The key range remains intact, and we’re watching for a breakout or a move toward liquidity pools near 5880 for potential long setups.

Final Notes

Success in trading comes from preparation, discipline, and consistency. As we monitor today’s market, remember: trade with a plan, manage your risk, and stay focused. Stay green, my friends, and I’ll see you live in the trading room!

MORE INFORMATION:



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