Fri ES MES Micros Technical Analysis 01/24/2025
Preparing ES Emini & MES Micros Traders
For Our Emini and Micros Futures Trading Room
For Our Emini and Micros Futures Trading Room
The week’s trading insights from MicrosTrader emphasized the importance of gratitude, discipline, and strategy. Key themes included recognizing challenging trading days and waiting for favorable setups, especially during volatile sessions. Friday’s trading rules reinforced protecting weekly profits and avoiding risky recovery attempts. Looking ahead, traders are advised to prepare for next week’s FOMC and PCE reports, with a pivotal level of 4925 guiding market sentiment and strategies. RESOURCES:
TRANSCRIPT:
Morning Briefing Video Recap
Presented by MicrosTrader.com, where together we trade better.
Good Morning and Happy Friday – January 24th
This week’s verse:
1 Thessalonians 5:18
"Give thanks in everything, for this is God's will for you in Christ Jesus."
Last week’s verse was Philippians 4:6, which also emphasized giving thanks in everything. This recurring theme is a reminder to stay humble and grounded, helping us keep pride and disappointment in check, as we acknowledge who ultimately controls everything.
Tip of the Day
There are easier days to trade, and not every day demands action. For example:
- Yesterday’s price action wasn’t ideal for trading. The market lingered at levels for 12–15 minutes before moving, which is not conducive for some strategies.
- If conditions aren’t favorable, it’s perfectly fine to step back.
- Key Reminder: Don’t force trades. Wait for price action that aligns with your system.
Friday’s Trading Rules
- Protect Your Week: If you had a bad week, avoid overtrading to recover losses today.
- Green Trading Day: If you see favorable setups, proceed carefully.
Upcoming News Drivers
Next Week:
- FOMC Meeting midweek (Wednesday).
- PCE Report on Friday.
Stay mindful of these potential market movers.
Market Recap and Analysis
Yesterday’s Key Highlights
- The market tested a high time-frame trendline, a critical level discussed all week.
- Countertrades were discouraged as bulls dominated the market.
- The level 4925 was pivotal:
- It marked strong resistance, combining multiple significant levels (FOMC high, Asia session high).
- The market moved decisively, taking out key highs without hesitation.
Today’s Key Level: 4925
- Above 4925: Favor long trades.
- Below 4925: Favor short trades targeting a return to the range.
- Suggested targets below:
- The halfback of the previous day.
- RTH (Regular Trading Hours) lows.
This level remains a crucial indicator of market sentiment. Monitor it closely for potential rotations back into the range.
Closing Thoughts
Stay disciplined and strategic. Fridays are not the day to take unnecessary risks or give back profits. For more insights and to join our group, visit MicrosTrader.com.
MORE INFORMATION
Website: https://MicrosTrader.com
YouTube: https://www.youtube.com/@microstrader
Free Foundations Course: https://academy.microstrader.com/foundations-dashboard/
Keywords for Futures Day Traders
trading system, price action, market trends, key levels, FOMC, PCE report, high time-frame trendline, rotation, RTH lows, liquidity, range trading, profit targets, disciplined trading, MicrosTrader, futures market, MES, E-mini, trading strategy.
SUMMARY:
- ✅ Verse of the Week: Emphasizes gratitude and faith, aligning with trading discipline.
- ✅ Tip of the Day: Recognize easier trading days and avoid forcing trades.
- ✅ Friday Trading Rules: Protect profits and approach cautiously, especially after a challenging week.
- ✅ Key Market Levels: Focus on the critical 4925 level to guide long or short positions.
- ✅ Next Week’s Outlook: Stay prepared for significant market movers, including FOMC and PCE data.
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