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

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

Good Morning, Everyone!

Unless you live in Barrow, Alaska, you're probably not experiencing their unique phenomenon. Their last sunrise of the year occurred yesterday, and they’ll be in complete darkness until January 22nd. Talk about going into darkness! Personally, I wouldn't want to live there—Seattle was dark enough for me. Best wishes to those folks in Barrow, though.

Quote of the Day

"Give thanks in all circumstances; for this is the will of God in Christ Jesus for you."

No matter the situation, whether good or bad, there’s always something to learn. Praise and gratitude can shape our response to any challenge.

AM Brief #307

Welcome to today's AM Brief, brought to you by MicrosTrader.com, where we trade better together. We are an ES MES Futures Trading Room focused on teaching traders how to efficiently trade 1–3 micro contracts to transform their lives.

Reminders and Updates

  • Indicator Update: The Essentials Indicator was updated this morning. A short video tutorial is available in the Discord group.
  • Tip of the Day: Don't chase price. Chasing trades leads to losses. Price reverses 90% of the time. Instead of predicting, follow price. Develop a system that keeps you safe and avoids unnecessary trades.

Market News Drivers

  • Not much happening today.
  • Tomorrow: NVIDIA earnings will be released 20 minutes after the close, which could be a significant market mover.

Join us 30 minutes before the market opens for mental training and a review of the day.

Yesterday’s Review

Yesterday, we analyzed a strong resistance level that held up overnight. Our trading room executed trades with precision:

  1. Opening Trade Setup: Traders went long after a successful retest of the opening price with strength.
  2. Strong Level Strategy: Some took profits before hitting the strong resistance level, while others added positions if price broke above that level.
  3. Runner Management: By following price and adjusting stops, many achieved impressive gains, including 20-point runners.

Our group thrived, supported by real-time guidance on entries, exits, and risk management.

Key Chart Analysis

  • Trendlines and VWAP: Price action bounced off significant levels, including the VWAP and trendlines, providing high-probability trade opportunities.
  • Overnight Session: Price tested several levels but failed to break the lows. These setups are critical for anticipating potential trades.

Today's Scenarios

  1. Bullish Scenario: A move above yesterday's high could trigger long opportunities, with confirmation required at strong resistance levels.
  2. Bearish Scenario: A break lower toward key liquidity zones may offer excellent trade setups, particularly for bounces or short positions.

Trading Philosophy

  • Patience: Don’t chase trades. Let price confirm your setup.
  • Community: Trading with like-minded individuals fosters accountability and growth.
  • Preparation: Plan your trades. Identify key levels for both long and short opportunities.

If you’re interested in learning more, visit MicrosTrader.com and access our free Foundations Course for an in-depth understanding of our approach.

MORE INFORMATION:

SUMMARY:

  • ✅ Darkness in Barrow, Alaska: Residents experience their last sunrise until January 22nd.
  • ✅ Key Trading Philosophy: Gratitude in all circumstances and the importance of patience in trading.
  • ✅ Trading Room Highlights: A successful day of trades with strategies centered on price action, levels, and trends.
  • ✅ Chart Review: Key levels, VWAP bounces, and managing trades effectively were reviewed.
  • ✅ Call to Action: Learn more about trading and join the community at MicrosTrader.com.


ADDITIONAL LINKS:






Comments

Post a Comment

Popular posts from this blog

ES Emini Futures Strategy: Daily Loss Limit and Leverage

Image
  TRANSCRIPT: Okay let's talk about trading futures contracts. On the SNP. In regards to your daily loss limit and your leverage how do those things relate? Well we need to know three things I need to know your daily loss limit. How many trades you're willing to take as a loss. And what is your stop loss? Those are the three things. You need to know. In fact let me make a little note here. Three things you must know. This is what is your daily loss limit…That's. for everybody. What's your stop loss…And the home mini. Trades are you willing…to lose with these three numbers We can determine exactly how you should trade. And we're going to talk about three scenarios with number three My favorite. So let's say you were willing to take a 300. Dollar daily loss limit. You're willing to take three losing trades and you have a strict six point stop-loss. Now all we have to do with some math. Well one MES. If we're going to lose six points, you're going to...
Read more

Core ES Emini | MES Micro Scalping Training Strategy

Image
 South of Texas Motor Speedway Thursday, 8:37 a.m. Welcome to Micros Trader. This is an online community of futures traders who scalp the S&P MES/ES futures. I have no clue how you found this site but this could possibly, maybe, change your life. Trading is HARD. It is! But, we are here to make it simple. Give me ONE month and you will stay in our little group for a lifetime. Trading with a group of professionals with the same goals with the same trading system is delightful and refreshing. We have an active Discord Group and we Zoom each AM from Market Open to Noon EST charting, trading, and supporting each other.  NOTE: If you don't have a Discord account, you will want to create one. It is kinda like facebook groups, if you have facebook. It is our own little group where we interact, ask questions, post pictures, have contests (like the 20 point club, the 30 point club, ...), post our wins, exchange ideas, grow, share, and help each other. We are a community of professi...
Read more

ES Futures Trading Strategy

Image
Youtube Channel I: Youtube Channel II:  Welcome to Micros Trader.  As a trading group we analyze ES price action live via zoom each morning, from Market Open Til New York Lunch, looking for the same… predictable… 3-5 trade set ups. We typically get 30-45 set ups a week with a 90%+ win rate - your mileage may vary significantly and in no way is this a promise - it is past results we have experienced personally.  We draw horizontal bounce lines. We play the bounces off those lines, looking for multiple confluences that gives the levels extra bounce power. Before entering a trade we analyze the price action, and lett trend dictate our leverage. We tend to favor trades with the trend but we do extremely well in chop too - with much lower leverage of course.  Our core trading strategy for scalping S&P Futures…. is a blend of techniques taught by Cotton Candy TA, ICT, and Market Profile Auction Principles. These principles coupled with years of reading ES price acti...
Read more