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

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



In today’s AM Briefing, traders are urged to remain disciplined and not let emotions dictate trade entries. The market continues to show parabolic trends, especially after significant overnight gaps, demanding heightened caution. Key technical levels such as origin points and new week opening gaps provide potential inflection points. With volatility high and the Beige Book on deck, MicrosTrader emphasizes strategy over reaction. RESOURCES:
            
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TRANSCRIPT:

AM Briefing – Episode #412

Date: Wednesday, April 23
Presented by: MicrosTrader.com
Where Together We Trade Better

Welcome and Opening Remarks

Good morning, everyone! Happy Wednesday! Today marks Episode #412 of the AM Briefing, brought to you by MicrosTrader.com — your home for an ESME futures trading room, where there's always another high-probability trade just around the corner.

Weekly Scripture

“But if not, let it be known to you, O King, that we will not serve your gods nor will we worship the gold image which you have set up.”
— Daniel 3:18

Trading Wisdom of the Day

Tip #1: Emotions Are Warnings, Not Green Lights

Strong emotions like anger, frustration, or disappointment are not reasons to enter a trade. They are caution signs — or even stop signs. Trading on emotion leads to poor decision-making.

Tip #2: News Can Be a Hazard

As one trader mentioned in the group, “News tends to make me do stupid things.” Use caution around news events. They are more of a stop sign than an invitation to act.

Today’s Schedule and Market Context

Today is Wednesday, and while not marked as a major news day, keep an eye on the Beige Book release this afternoon and PMI data 15 minutes after market open. If you're in the group, a countdown timer will help you stay on track.

There’s no fixed agenda for Trump today — which means anything could unfold.

New Trade Journal Feature

We're rolling out a new trade journal in the group! It's accessible inside the Core Strategy Academy. It now includes “pin this” motivational quotes that will appear on your dashboard. Just let me know on the trading floor if you'd like access.

Recap of Recent Trades

We took five trades yesterday, and things went well. Stepping back to the previous day, a missed long at 41.33 due to a minor wick reminded me of last week’s live YouTube trade. That trade ended beautifully — had I followed the same strategy, I’d still be in it.

The focus remains: long or flat. No shorts unless the market signals a reason. A significant miss on a trade yesterday was labeled as trader error — it had every reason to be taken, but I avoided it post-liquidity grab.

Live Trade Execution Highlights

Once we cleared a key Sunday opening level and came back to test it, the move was clear. Entry was taken, with slight heat, but it paid off nicely. Targets were hit, especially around the 5,300 mark, which reset drawdowns in prop firm accounts.

Subsequent price reactions followed our expectations, with defined exits and strong profit zones.

Chart and Trend Analysis

Zooming into a 15-minute and 3-minute chart revealed:

  • Clear backtest of key daily and monthly trendlines
  • Parabolic move evident
  • Reanchoring trendlines for updated analysis

The next major test level is around 5,520, near the expected range top. We are experiencing high volatility and significant gaps.

Key Levels and Strategy for Today

RTH highs and new week opening gaps remain critical. Trade strategy:

  • Avoid initiating trades near 5,475 (origin level)
  • Only enter trades based on clear setups
  • Avoid emotional or reactive trading

Final Thoughts

We’re in a parabolic move to the north. Do not counter a parabolic trend. If you're not in already, don’t chase — wait for structure. Some days, the best trade is no trade. If you're interested in trading live with us, grab a Zoom pass and join at MicrosTrader.com.

MORE INFORMATION:

SUMMARY:

  • ✅ Emotional Discipline: Emotions are not trade signals; they are warning signs. Avoid trading on emotional impulses.
  • ✅ News Caution: News events can trigger irrational decisions. Treat them as stop signs, not trade invitations.
  • ✅ Missed Opportunity Reflection: Analyze missed trades constructively. Learn and adapt without dwelling.
  • ✅ Key Market Levels: Monitor origin points, backtests of strong levels, and parabolic moves. These offer high-quality setups.
  • ✅ Smart Trading Strategy: Wait for structured setups, especially in volatile conditions. Don’t chase; observe and execute with discipline.


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