Fri ES MES Micros Technical Analysis 12/06/2024

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



Non-Farm Payroll Friday sets the stage for a volatile trading session, with futures traders reminded to tread cautiously. Yesterday’s recap showcased the importance of patience, layered protection strategies, and adapting to bullish reversals. Key levels to watch include the critical pivot at 11:25 and a potential downside move below 6,000. As markets react to NFP data, MicrosTrader.com encourages traders to stay disciplined and join their live sessions for real-time guidance. 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 and Happy NFP Friday!

Welcome, everyone, to this morning's session. It's Non-Farm Payroll (NFP) Friday, a day often referred to as "Not For Professionals." Should you trade today? The decision is entirely yours, but tread carefully.

Today's Verse

"And she brought forth her first son, wrapped him in swaddling clothes, and laid him in a manger, because there was no room for them in the inn."

Luke 2:7

A humbling and profound beginning for Christ the King.

AM Briefing #318

Welcome to the AM Briefing brought to you by MicrosTrader.com—where we believe, “Work Together, Trade Better.”

Key Reminders:

  • Patience is key: There’s always another high-probability trade around the corner.
  • Tip of the Day: NFP days are unpredictable. Stick to smaller daily loss limits, limit trades to one loss if you're done, or only risk a percentage of weekly profits. Protect your account; easier trading days lie ahead.

Trap the Trader: America's Favorite Game Show

Today’s trading environment resembles a trap—the kind of price action that catches over-leveraging, revenge trading, and blown accounts. Remember, it’s all fun and games until the market opens!

Key Market Events for Today

  • 7:30 AM: Non-Farm Payroll Data. Join us live on Zoom for this critical candle.
  • 30 Minutes After Open: Sentiment and inflation expectations data. We'll cover mental training 30 minutes before the market opens.

Group Schedule

We will be live starting one hour before the market opens. If you can't make it, focus on having a productive and enjoyable day.

Yesterday's Review: Lessons and Trades

Yesterday’s trading session showcased a textbook series of predictions and setups:

  • Flat Overnight Range: A narrow, 7-point range led to a slow initial move.
  • Strategic Entry: Identified short opportunities that aligned with market movements.
  • Trend and Layer Protection: Managed risks using layered stop-loss strategies while adapting to bullish price action.

Despite slow liquidation breaks, we adapted and used patience to navigate reversals and small profit-taking opportunities.

Levels to Watch Today

  • Bull-Bear Line: 11:25 – A critical pivot level.
  • Warning Shot to Bulls: 6,030 – If this breaks, watch out below.
  • Major Downside Target: Sub-6,000 – Could signify a much-needed market correction.

Today’s Trade Plan

The plan for today focuses on staying cautious amid volatile NFP-driven market conditions. While the ideal move is to flush down to key levels, surprises can happen. Stay green, protect your capital, and join us live for real-time guidance.

For more information, visit MicrosTrader.com, where you can also access our Free Foundations Course to level up your trading skills without needing to provide an email.

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