Mon ES MES Micros Technical Analysis 12/09/2024

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



In the ES MES Futures Trading Room, traders adopted a patient, structured approach amidst market turbulence, reflecting on the upward trend and anticipating volatility ahead. Key levels and indicators point to bullish control, but risks such as CPI volatility and contract rollovers loom. The room emphasizes discipline and structure over hasty decisions, with resources available through MicrosTrader.com for aspiring members. As the market navigates uncertainty, traders are advised to stay cautious and focus on strategic setups. 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, Happy Monday, December 9th!

Scripture Reflection: Luke 2:21

"When eight days were completed for the circumcision of the child, His name was called Jesus, the name given by the angel before He was conceived in the womb."

How fitting to reflect on this verse as it highlights the naming of Jesus, a central moment in the narrative of His birth.

Morning Briefing #319

Welcome to the ES MES Futures Trading Room, where "Together, We Trade Better." We are a focused group of traders with professional attitudes, discipline, and a calm approach to trading. One member likened our room to fishing—calm, slow, and strategic as we wait for price to come to us. This approach embodies patience and precision.

Tip of the Day

"When Bulls Control, Don't Get Too Excited by Down Candles; Get Excited by Structure."

This market has been on a strong uptrend, and many traders are tempted to short due to the speed of the movement. However, the focus should always remain on structure, not individual candles.

Learn Our System

Visit MicrosTrader.com to access resources like a video on our core strategy and the free Foundations Course. Membership grants access to daily Zoom sessions, Discord, and advanced trading tools. Options include day passes and week passes for non-members interested in experiencing our live trading environment.

Market Updates

  • Strong Levels: Updated to reflect today’s date (12/9).
  • Gap Fill Data: Explore probabilities of gap fills based on the opening above or below prior levels.
  • News Drivers This Week:
    • Monday: Calm start, no major drivers.
    • Wednesday: CPI release—high volatility expected.
    • Thursday: Post-CPI reactions.
    • Friday: Contract rollover week concludes.

Key Events on the Horizon: Contract rollover, FOMC meeting, option expiration, and end-of-year positioning. With these factors in play, trade cautiously and add size only to winning positions.

Chart Analysis

The market has shown an upward trend since opening on Sunday. Weekly highs and lows are clearly marked for reference. Indicators like the Essentials Indicator signal continuation for Bulls, while the Value Area High/Low levels highlight key edges for potential breakout or breakdown trades.

Bull/Bear Scorecard

  • Overnight Trendline: Neutral
  • Session Stacking: Favoring Bulls
  • VWAP: Favoring Bears
  • Indices: Mixed signals, slight edge to Bulls
  • Risk of Liquidation Break: Present, favoring Bears

Overall, Bulls are narrowly in control.

Closing Remarks

Let’s trade with discipline and patience today. Remember, nothing fundamentally changes until we see daily lows being taken out and closed below. Stay green, my friends!

MORE INFORMATION:



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