Fri ES MES Micros Technical Analysis 02/07/2025

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



On Non-Farm Payroll (NFP) Friday, traders face heightened market volatility, making it an ideal day to step aside or significantly reduce risk. Market activity has been choppy for five sessions, hinting at an impending breakout. Yesterday's price action reaffirmed the importance of respecting high time-frame trend line bounces, avoiding counter-trend trades in uncertain conditions. The strategy for today remains long-biased, focusing on strong level reclaims while steering clear of unnecessary risks. As traders prepare for the session, discipline remains the key to preserving capital in unpredictable market conditions. RESOURCES:
            
▶️ Free "Futures Foundations Course"             
▶️ Membership Options      
▶️Youtube Community Updates             
▶️ Website for ES MES Trading Room (Back Up)


TRANSCRIPT:

AM Briefing Video

Presented by MicrosTrader.com

Where Together We Trade Better

Good Morning, Traders!

Weekly Scripture

Psalm 37:4 - Take delight in the Lord, and He will give you your heart's desires.

I absolutely love that verse!

Tip of the Day

We will see an example of this when we review yesterday’s trades, but here’s a crucial piece of advice:

Be cautious when countering a high time-frame trend line bounce.

Even counter-trading a lower time-frame trend bounce can be risky, but a high time-frame trend bounce requires even greater caution. We'll see a clear example of this in just a moment.

News Drivers: NFP Friday

Today is Non-Farm Payroll (NFP) Friday—which means all our standard Friday trading rules apply, but on steroids!

Friday Trading Rules

  • ✅ Never give back your week’s gains on a Friday. It’s simply not worth it.
  • ✅ If you trade, trade small—one loss and you’re done.
  • ✅ Reduce your daily loss limit significantly.
  • ✅ Only be willing to risk a small percentage of your week's profits.
  • ✅ Call it done early—especially on a volatile day like today.

Review of Yesterday’s Trades

First off, you're not seeing double—this is yesterday’s AM Briefing. I want to highlight an important concept:

"A test of that London low would be a trade to the trend line… to the trend line. That’s really important."

Yesterday, we saw price action move down to the trend line before exploding back up, taking out both the RTH high and the overnight high.

I warned my group: “Do not counter this trend line bounce.” That was a high-risk trade, and if you did take it, the approach should have been small size, at most.

Strong Levels & Market Structure

We've had strong levels on our charts since Sunday, and they've played out remarkably well.

This week has been five straight sessions of chop in the upper distribution of Wednesday’s trading session. When we see that kind of compression, what do we expect?

🚀 A big move is inbound. 🚀

Trade Setup & Plan for Today

💡 I’m only looking for LONGS today.

I have zero interest in shorting this market unless we break below a major level and fail to reclaim it.

Final Thoughts

NFP Fridays can be unpredictable, and today’s action has been underwhelming so far.

If price doesn’t set up for an A+ trade, patience is the best strategy.

I’ll see my Traders Live on Zoom at the top of the hour for our Mental Training Session.

MORE INFORMATION:

SUMMARY:

  • ✅ NFP Friday: A Day to Avoid Risk - Non-Farm Payroll days are highly volatile, and traders should be cautious. The best approach is to reduce risk or take a three-day weekend.
  • ✅ Trend Line Bounces Are Key - Yesterday’s trades reinforced the importance of respecting high time-frame trend lines. Counter-trading these bounces can be dangerous.
  • ✅ Strong Levels & Market Structure Matter - The market has been in five days of consolidation, signaling that a big move is likely coming soon. Traders should be prepared.
  • ✅ Only Looking for Longs - Today’s plan is long-biased only, waiting for price to reclaim a strong level before entering. No interest in shorts unless key levels break down.
  • ✅ Trade Smart & Stay Disciplined - The best trade is sometimes no trade. If the market doesn’t present an A+ setup, patience is the best strategy.


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