Wed ES MES Micros Technical Analysis 02/05/2025

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



Traders monitoring ES and MES futures remain cautious amid choppy price action and upcoming high-impact economic events, particularly non-farm payroll data. The TradingView Leap Account experiment raises questions about high-risk strategies versus consistent, structured trading. Market indices are not fully aligned, signaling potential volatility ahead. With bulls maintaining control, traders are advised to stick to their plans and trade with caution. 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! Welcome to the AM Briefing Video, presented by MicrosTrader.com, where together we trade better.

📖 Weekly Scripture:

"Take delight in the Lord, and He will give you your heart’s desires."

Psalm 37:4

If you are operating within God's will, expect blessings to come upon you.

Episode #356 – Today’s Trading Insights

✅ Tip of the Day: The Leap Account from TradingView

Is there any value in trading with the Leap Account? Over two days, the leader has reportedly made $1.4 million. Is this just high-risk gambling, or is there a method behind the success?

Key Questions to Consider:

  • Does it take aggressive trading to reach the top 250 and earn a 6-month extension on a TradingView subscription?
  • Could this be a useful tool for practicing chart trading and overnight trading?
  • If you're a prop trader, could this help with holding trades for multiple days?

I’ll walk you through a trade I placed last night using the Leap Account to showcase its potential.

✅ News Drivers: Market Catalysts This Week

Today is a critical final trading day of the week, and we have employment data on deck.

Key Economic Events:

  • Thursday: Employment & PMI data
  • Friday: Non-Farm Payroll (NFP) – High-risk trading day

Planning Tip:

What does your trading plan say about trading the day before and on Non-Farm Payroll day? Make sure your plan is written, executed, and followed—before emotions take over.

✅ Yesterday’s Market Review

Leap Account Performance

I’m currently in the top 7% but need to improve by $2,700 to earn a free 6-month subscription extension. The top trader has amassed $1.4 million in two days—what were they trading? Bitcoin?

For my Leap Account trade last night:

  • We tested a break level multiple times
  • I placed a short at VWAP, using a trendline backtest
  • Stop was above the Asia session high
  • Take profit (TP) was just before the RTH low

Outcome? Risking $400, I was prepared to wake up to either a solid win or a manageable loss.

✅ ES Chart Analysis: Where Are We Now?

Key Observations:

  • Higher time-frame trendline break – but is it a real break or just consolidation?
  • Watching 6,037 single prints – RTH session needs confirmation
  • Potential No-Trade Zone – between 4,021 and 4,033
  • Bull/Bear Line at 4,067.75 – a key level to watch
  • RTH low liquidity remains intact – does it need to be swept?

Price action has been choppy, making it hard to enter trades responsibly. The morning news driver caused a spike, then the market stalled for 40 minutes. Instead of forcing trades, I observed and made small moves in the Leap Account.

✅ Market Alignment: Are Indices Moving Together?

When trading, we want to ensure all major indices are on the same train for clear direction.

Current Status:

  • Russell 2000: Breaking out of lower distribution
  • S&P 500 & Nasdaq (ES & NQ): Still within yesterday’s range, testing VWAP

Trading Plan:

  • If we break above key resistance, I will only short if price action confirms it
  • If we take the RTH low liquidity, I will evaluate continuation
  • Bulls remain in control unless we break below an RTH low

✅ Final Thoughts & Next Steps

  • Market remains bullish unless proven otherwise
  • Trading inside a choppy range? Be cautious!
  • High-risk news events ahead—stick to your plan
  • Join us live on Zoom for more insights!

💻 Get a Free Zoom Pass: Register for the Free Foundations Course at MicrosTrader.com.

Stay green and trade smart!

MORE INFORMATION:

🔑 Keywords for Futures Traders:

ES futures, MES futures, Emini trading, day trading, prop trading, trading plan, VWAP strategy, trendline break, overnight trading, news drivers, NFP trading, market liquidity, futures scalping, ES chart analysis, trading psychology, Leap account, TradingView, market structure, technical analysis, trade execution.

SUMMARY:

  • ✅ Leap Account Experiment – Exploring whether TradingView’s Leap Account is a valuable tool or just high-risk gambling.
  • ✅ Key Economic Events – Thursday’s employment data and Friday’s Non-Farm Payroll make for a high-risk trading environment.
  • ✅ ES Market Review – Markets remain bullish with a key no-trade zone identified; trendline break is being monitored.
  • ✅ Indices & Market Correlation – Major indices not fully aligned yet; waiting for confirmation on market direction.
  • ✅ Trading Plan Reminder – Stick to your pre-planned setups and be cautious of choppy price action during news events.


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