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

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             
▶️ Website for ES MES Trading Room (Back Up)


TRANSCRIPT:

Morning Update and Reflections on Trading Strategies

Good morning, everyone! Happy CPI Day – it's Wednesday, November 13th. This morning, my wife and I started our Bible study with Psalm 107. We read the first half, focusing on a theme of gratitude for Thanksgiving month. Psalm 107 is a great passage about thankfulness: "Give thanks to the Lord, for He is good; His love endures forever." It’s a beautiful verse, and I’m looking forward to finishing it tomorrow morning. After Psalm 107, we'll likely move on to Philippians.

AM Briefing #303: ES MES Futures Trading Room

Welcome to the AM briefing #303, where we come together to learn, trade better, and grow as a community. Our focus here is on ES MES futures trading, specifically in the MicrosTrader room. MicrosTrader.com is all about harnessing the power of one to three trades to change your life through trading. If you're interested, visit us at MicrosTrader.com to learn more about our strategies.

Trading Tip of the Day

The tip I shared yesterday remains relevant: you don’t need to be the first to short. Yesterday provided seven separate "ladder down" opportunities, which means you didn’t have to jump in on the first one. Often, the safer short is the second opportunity, especially in a parabolic uptrend. We’ve been experiencing a strong upward move recently, and with today’s CPI data, we might see some impactful shifts.

CPI Day Precautions and Group Strategy

Today’s session completes the trifecta: CPI, FOMC, and non-farm payroll reports. CPI data brings high volatility, so stay alert. We’ll start an hour early today to analyze the CPI candle and let things stabilize before diving into our trades. During the morning, we’ll also focus on mental training with a discussion on “Deciding in Bets.” Afterward, we’ll trade the morning only, as I’ll be conserving energy after a full day of trading yesterday.

Reviewing Yesterday's Trades

Yesterday was fantastic for our group. We saw some great trading action. In fact, Caleb and others in our group executed beautiful trades by shorting during downturns and catching the longs during recoveries. We’re always aware of key price points, such as overnight lows and major levels like the "Trump VWAP" level, which has shown strong support.

I didn’t catch one of the high-probability shorts yesterday but got in on a quick, solid long position. Though I held onto one contract overnight and it hit my stop, the key levels have been holding well. For those in my group, you know these levels as I publish them in advance. They’ve been incredibly reliable for setting trades.

Final Words for CPI Day

Remember, today is a level 10 day in terms of caution. Let the CPI data settle, assess the personality of the price action, and make sure it aligns with your trading style. For those joining me live, grab your Zoom pass, and let’s tackle the CPI candle together. Stay green, my friends!

For more information about our group and to join, visit MicrosTrader.com.

MORE INFORMATION:

Keywords

futures trading, day trading, CPI, ES MES trading, MicrosTrader, short trades, trading levels, mental training, volatility, uptrend, VWAP, trading strategies, non-farm payroll, FOMC, CPI day, market analysis, mental equity, long trades, trading community

SUMMARY:

  • ✅ Bible Study Reflection: Starting the day with Psalm 107, focusing on gratitude for Thanksgiving month.
  • ✅ Trading Room Briefing: AM briefing #303 highlights the importance of strategic ES MES trading.
  • ✅ Tip of the Day: A reminder not to rush into shorts; the safer trades often follow the initial moves.
  • ✅ CPI Day Strategy: Today’s CPI report adds volatility; wait for the market to settle before acting.
  • ✅ Review of Yesterday's Session: Shared insights on successful trades within the group, reinforcing strong support levels and strategies.


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