ES MES Futures Trading: Key Levels, Tips, Technical Analysis. Thursday "AM Briefing"

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



n Thursday's AM briefing, MicrosTrader.com focused on evaluating trend day performance and navigating key market events like GDP and unemployment claims. A detailed review of Wednesday’s trades revealed successful short opportunities and moments of missed execution. Real-time market reactions and chart-based strategies were analyzed to improve future trade setups. Looking ahead, traders are encouraged to follow price action levels and maintain discipline in execution. RESOURCES:
            
▶️ Free "Futures Foundations Course"             
▶️ Membership Options      
▶️Youtube Community Updates             
▶️ Website for ES MES Trading Room (Back Up)


TRANSCRIPT:

Welcome ES MES Futures Traders

Welcome to the AM Briefing video presented by MicrosTrader.com, where together we trade better!

Good morning, everybody.
This week's scripture is:

“Do not boast so proudly or let arrogant words come out of your mouth, for the Lord is a God of knowledge, and actions are weighed.” – 1 Samuel 2:3

Are your actions weighed by your neighbor or people following you on Twitter or Facebook? No – they are weighed by Him.

Trend Day Tip of the Day: Did You Pass the Test?

I published a video yesterday afternoon asking if you passed the trend day test. What is the test? It's really one simple question:

If it was a trend day down and you went counter – did you make things worse?

  • Did you add to a loser?
  • Did you move your stop?
  • Did you increase your leverage because you were frustrated by break-even trades?

If you traded countertrend and didn’t manage it well, yesterday was likely painful. So again, did you pass the test? I hope you did.

News Drivers

Wednesday is now behind us. Today is Thursday, and we’re heading into a green trading day.

In just about 19 minutes from when I recorded this video, GDP and unemployment claims will be released. By the time you're watching this, it’s probably already happened.

30 minutes after the market opens, we have Pending Home Sales. Tomorrow wraps up the quarter with the big PCE data drop. We’ll be live on YouTube for that – I’ve actually streamed every afternoon this week.

So if you'd like to be notified, hit that subscribe button and tap the notification bell to join us live!

Yesterday’s Market Review

Yesterday was a textbook setup. I wish we had recorded it live for non-members to see.

  • We opened by taking out the London high.
  • Above that was the RTH high and the overnight high – a solid short setup.
  • As we pulled back into the overnight range, I told the group that this was a canary in the coal mine.
  • We never took out the RTH or ON high – that was key.

I had planned to short at 47 if we got there – we didn’t, so no trade. I also tried to short a retest of the opening, but it never came back up – further evidence this move had legs.

We explored the strong range I drew. As expected, it moved down, then tested back to the top before finally breaking down again.

Real-Time Trade Walkthrough

We hit a strong level and explored it, then bounced and took a long with three contracts. I peeled off, kept a runner – got taken out, and that’s okay.

While I was long, I also told the group that if they were short from the open, they should take partials at the strong level to finance their trade. Both longs and shorts were profitable.

Later, I missed a short by two ticks – disappointing, but it happens. I had drawn out two paths live on YouTube. Price followed the second one beautifully – rocketed more than 10 points. I only had one contract, so fewer options. Moved my stop to one point and got taken out. Frustrating, but that’s how it goes.

I re-entered long at 37 – again, taken out by the wick. In hindsight, I should’ve been more aggressive with that setup. I knew where the bulls would show up. The move we mapped out actually happened – just without me in it.

ES Chart – Where Are We Now?

We traced back into the new week opening gap. If we return to that gap, I believe we’ll complete it.

  • That brings us to a major level from Friday, March 25th.
  • Ideally, I’d love to see us ladder down, then bounce from there.
  • But if price keeps falling, we’ll follow the levels.

Always ask yourself:

  • What are the break levels telling you?
  • Am I trading counter to them?
  • If so, am I making things worse?

Stay green, my friends.

MORE INFORMATION:

Website: https://MicrosTrader.com
YouTube: https://www.youtube.com/@microstrader
Free Foundations Course: https://academy.microstrader.com/foundations-dashboard/

KEYWORDS:

ES Futures, MES Futures, day trading, trend day strategy, countertrend trading, GDP news trading, unemployment claims, pending home sales, PCE data, break levels, trading levels, strong ranges, fair value gap, ladder trading, MicrosTrader, E-mini futures, market structure, trading psychology, AM briefing, YouTube trading room

SUMMARY:

  • Trend Day Test Reminder: Traders were reminded to evaluate their behavior during a trend day—particularly if they went countertrend and made things worse by adjusting stops or increasing size.
  • Economic Drivers Overview: Thursday includes key economic events like GDP and unemployment claims, with PCE data expected Friday, making it a pivotal trading week.
  • Detailed Market Recap: A full breakdown of Wednesday’s price action was shared, including key trade setups, missed entries, and strong level reactions.
  • Live Trading Insights: Several real-time trade decisions were reviewed, including both successful and frustrating trades, emphasizing process over perfection.
  • Outlook and Strategy: The outlook highlights the new week opening gap, expected completions, and critical support levels from March 25, encouraging logical planning.


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