ES & MES Futures Trading – Key Levels & Technical Tips Thursday

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



Traders are advised to treat today, OPEX Friday, as a no-trade day due to likely low-volume, complex chop conditions. The briefing emphasizes the importance of knowing your risk levels and managing trades with discipline to avoid large losses. Recapping yesterday’s session, the group followed their mapped strategy with successful execution, despite minor missed opportunities. Looking ahead, low-quality action is expected on Monday after the holiday, making this a great time for a four-day weekend. RESOURCES:
            
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TRANSCRIPT:

Thursday, April 17th – AM Briefing

Good morning and welcome to the Thursday, April 17th AM Briefing brought to you by MicrosTrader.com, where together we trade better. I'm getting this out a little early today because I’m attending an online workshop this morning to learn a new software package that I'm interested in.

Weekly Scripture

“The righteous will live by faith.”
— Romans 11:17

Tip of the Day: Learn to Take Reasonable Losses

Ask yourself: Do you know where you are wrong?

If you don’t know where a trade is wrong, you shouldn’t be entering that trade. Your stop is determined by where you are wrong. Accept that losses will happen, and focus on taking reasonable losses.

A great trader experiences small wins, big wins, and small losses. Large losses don’t happen—they are created.

OPEX Friday: A No-Trade Day

Today is the final trading day of the week—OPEX Friday. For me, it’s a no-trade day. It’s a great time to take the day off. That said, we will be live on Zoom in case there are any opportunities. But again, it’s a great day to rest.

Looking Ahead: Next Week’s Schedule

Next Monday is the day after a holiday, which usually means low-quality price action. If you're looking for a 4-day weekend, this is the perfect time: Friday (OPEX), Saturday, Sunday, and Monday.

While my wife goes back to work Monday, I’ll probably still be here. But if you’re given the gift of time off—take it.

Next week looks like a normal trading week with no major news—just watch out for tariff headlines.

Recap of Yesterday's Trading

Yesterday, I live-streamed our session starting right before a really nice move. We mapped out both a short and a long trade. If you’d like to watch the session, it’s available on my channel (link in the description). It’s two hours long, but a great introduction if you’re considering joining our group.

I’ve also timestamped it for your convenience, highlighting important moments to skip to.

Trade Execution & Runner Management

I had to step away briefly yesterday. I was up 60 points, and although I was aiming for 100, I captured 40 points. In hindsight, I could have gotten the full 100, but I’m happy with capturing 40% of the move. It’s satisfying to see our planning play out as expected.

Market Overview & Today’s Game Plan

The Dow showed unexpected movement early today, while the Russell broke yesterday’s high and is in upper distribution. ES and NQ also retraced back to their open levels. This points to complex chop—typical for pre-holiday OPEX days.

We’re not at a strong edge currently, so my plan is to sit back and wait. Last night’s battle plan trades didn’t materialize as expected. I don’t short strength or short-covering rallies; I either go long or I wait for a proper setup.

If I’m not offered a strong opportunity during my watch window, I’m fine skipping the trade.

Final Thoughts

Be careful today. If you’re not presented with a high-quality opportunity, don’t trade. If you're looking for an ES/MES futures trading room with a high-probability trading system, check us out at MicrosTrader.com. Together, we trade better.

Stay green, my friends.

MORE INFORMATION:

Keywords for Futures Day Traders:

ES futures, MES futures, OPEX Friday, trading room, trade planning, runner management, risk management, stop-loss, complex chop, pre-holiday trading, futures education, MicrosTrader, timestamped livestream, trading mindset, market analysis, futures strategies

SUMMARY:

  • ✅ Today is OPEX Friday – It’s considered a no-trade day with likely low-volume, complex chop. A good day to take off.
  • ✅ Weekly Scripture: Romans 11:17 – A reminder that the righteous live by faith.
  • ✅ Emphasis on Risk Management – Know where your trade is wrong; only take reasonable losses.
  • ✅ Yesterday's Live Stream Recap – Showcased effective pre-planning and runner management with timestamped highlights.
  • ✅ Market Outlook – Expect complex chop today; no strong trade setups unless a clear edge appears.


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