Wed AM Briefing Preparing For Our Emini Trading Room 11/06/2024

Preparing ES & NQ Traders
For Our Emini and Micros Futures Trading Room



In a market dominated by high volatility following election results and anticipation of the FOMC, MicrosTrader.com emphasizes community-driven trading strategies. Traders are encouraged to find their "tribe," ensuring a supportive environment to navigate the fast-paced futures market. Yesterday’s session saw strong rallies with key support levels, allowing profitable entries for those tracking the trend. As markets continue upward, traders are advised to approach with caution and discipline in today’s environment. RESOURCES:
            
▶️ Membership Options      
▶️Youtube Community Updates             
▶️ Website for ES MES Trading Room (Back Up)


TRANSCRIPT:

Welcome ES MES Futures Traders

Good morning, everyone! Let’s dive into today’s session with a meaningful quote: "God is indeed my salvation; I trust and won’t be afraid." Remember, God is in charge, and Christ is still King—don’t reject Him.

Welcome to AM Briefing #298, brought to you by MicrosTrader.com, where together we trade better. This motto is also today's tip: Together We Trade Better. Find your tribe—people who trade with a similar style and approach. Join a supportive group that encourages each other and sticks to a disciplined system. Last night’s trading session was a beautiful example as our group actively discussed and shared strategies during the election results. Even though I turned in early, it was inspiring to see the engagement and camaraderie among members.

News Drivers

Today marks the day after an election and the day before the FOMC meeting, so we should expect fast-paced and potentially volatile price action. A cautious approach is advised.

The new Foundations Course has launched, with a free Zoom pass available. Today, one of our members will trade live with me—excited to collaborate!

Yesterday’s Market Review

Yesterday was a fantastic trading day. We saw a sharp opening rally, which we called out with long positions at two key points. I advised that after these initial trades, it was a "long or done" approach for the rest of the session. Our identified strong support and resistance levels performed excellently, helping guide profitable trades.

Current ES Chart Analysis

Looking at the ES chart today, we see a significant move across identified support and resistance zones. Yesterday's rally brought us to an all-time high, and this upward momentum has persisted. Overnight, the chart displayed impressive gains, which I’ll examine more closely in today’s live session.

Drawing Levels Together

Today, we’re marking essential levels based on the previous session's high movements, including RTH halfback and Asia and London session lows. Watching these levels closely can help identify future support and resistance zones, especially given the current parabolic trend. It’s essential to stay sharp as we track these key levels for potential back-testing throughout the day.

Concluding Thoughts

It’s exciting to be part of this community and to see everyone trading successfully. Congratulations to those who captured profits in yesterday’s rally. If you’ve traded through this move, consider whether you need to continue today or if you’re satisfied with your gains. Trading with the trend and respecting key levels is key.

Let’s keep this momentum going—can’t wait to discuss the markets with you all live in the trading room. Stay green, my friends!

MORE INFORMATION:

Website: https://MicrosTrader.com
YouTube: https://www.youtube.com/@microstrader
Free Foundations Course: https://academy.microstrader.com/foundations-dashboard/

SUMMARY:

  • ✅ Together We Trade Better - Emphasizes the value of finding a supportive trading group.
  • ✅ Market Review - Yesterday saw a strong rally, with guidance on profitable trade entries and exits.
  • ✅ News Drivers - FOMC and post-election conditions suggest high volatility today.
  • ✅ Chart Analysis - Analyzes the current upward trend with key levels for potential trades.
  • ✅ Final Note - Celebrate gains if achieved, stay disciplined, and avoid overtrading.


ADDITIONAL LINKS:





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