Thu ES MES Micros Technical Analysis 12/26/2024

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



On the day after Christmas, futures traders are reminded of the importance of discipline, drawing parallels between biblical wisdom and trading habits. Proverbs 23 advises against excess, a principle equally relevant to avoiding overtrading or chasing risky setups. MicrosTrader offers tools like their Foundations Course to help traders focus on consistent strategies, such as bounce levels and trend analysis. With balanced market conditions post-holiday, patience remains key as traders await a clear edge in today’s session. 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 Day After Christmas!
Thursday, December 26th

Proverbs 23:18

"Surely there is a future, and your hope will not be cut off."

Hear my son, and be wise and direct your heart in the way. Do not be among drunkards or among gluttonous eaters of meat, for the drunkard and the glutton will come to poverty, and slumber will clothe them with rags."

Reflection on Proverbs and Trading

This passage is a powerful reminder for traders. Avoid being "drunk" on trading; this means setting up risk parameters and lockout features when you are clear-headed. Similarly, avoid being a "glutton" on the charts. Stay green by learning to walk away, satisfied with what you have achieved. Overindulgence, whether in risk-taking or chasing trades, leads to poor outcomes.

Welcome to the AM Briefing

Brought to you by MicrosTrader.com, where "Together We Trade Better."
Episode 331

Tip of the Day

There’s always another high-probability trade around the corner.

Reflect on the day’s trading:

  • Were there more than two great entries? Rarely.
  • By reviewing your charts at the end of each day, you'll find that two high-quality trades are typical.
  • Overtrading is less about the number of trades and more about identifying real levels.

Who We Are and What We Do

At MicrosTrader, we are bounce-level traders using the same strategies, charts, and levels across the board. No trade is taken for a random reason; we trade consistently together.

Core Tools and Techniques:

  • Profile and Trend Analysis
  • Strong Level Identification
  • Knowing where the bulls and bears are likely to act.

Free Foundations Course

We offer a 100% free Foundations Course – no sign-ups required. Registering, however, grants you access to:

  • A free Zoom pass to live sessions.
  • Badge earning opportunities to deepen your trading knowledge.

By learning the First, Second, and Third Bounce Levels, you’ll understand our strategies and begin creating end-of-day charts. This core structure, reinforced by personalized feedback, builds disciplined and knowledgeable traders.

Wisdom for Traders

Inside our Discord community, type !wisdom to receive inspirational quotes from trading legends like Jesse Livermore, Mark Douglas, and even our own group insights. This is a great way to start your trading day on the right note.

News Drivers

Post-Christmas trading brings:

  • Unemployment Claims: Minimal market impact.
  • Crude Oil Inventory Updates: Low activity expected due to the holiday week.

Yesterday’s Market Review

  • Missed Opportunities:
    • Missed an ideal entry while getting coffee.
    • Another entry missed by just two ticks.
  • Key Insights:
    • Overnight, markets moved between strong ranges, backtesting trend lines, and revealing parabolic behavior.
    • Adapting to these conditions is crucial.

Current Market Analysis: Where Are We Now?

  1. Key Observations:
    • Dow broke a significant trend line on Christmas Eve, showing potential for continued upward movement.
    • Markets are testing halfbacks, VWAP, and other critical levels for bullish or bearish momentum.
  2. Next Steps:
    • Look for reactions at significant levels, such as the overnight low and VWAP.
    • Avoid trading without a clear edge.

Bull-Bear Scorecard

  • Bulls: Session stacking, indices, RTH range, and bull-bear line support the bulls.
  • Bears: Overnight trend line, VWAP, and halfback favor bears.

The market is balanced – wait for a decisive edge.

Closing Thoughts

Trading is a disciplined practice. Focus on quality over quantity, and remember: there’s always another high-probability trade around the corner. Stay green, stay focused, and trade smart.

MORE INFORMATION:



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