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

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



In today's AM Briefing, MicrosTrader emphasized trading discipline with the "green over more" mindset, cautioning against post-profit greed. The market remains under the bull-bear line, yet bulls are regaining control, making aggressive shorts risky. Traders were advised to watch for potential setups near strong levels and to avoid trading during politically sensitive periods like the White House's afternoon bilateral meetings. Caution continues to rule the day, as MicrosTrader prioritizes high-probability entries and disciplined trade management. RESOURCES:
            
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TRANSCRIPT:

AM Briefing - Episode 43

Date: Thursday, April 24th
Brought to you by: MicrosTrader.com
Location: ESMES Futures Trading Room

Welcome Message

Good morning, everyone! Welcome to the AM Briefing presented by MicrosTrader.com—where together, we trade better. Today is Thursday, April 24th, and this is episode number 43. Let’s get right into it.

This Week’s Scripture

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

Tip of the Day: Green Over More

Adopt the "green over more" philosophy. When you land that first solid trade and bag 10+ points, protect your gains. Don’t let greed creep in—don’t chase another trade just because you're green. Walking away while you're ahead is powerful.

Avoid the “just one more” mindset. The last thing anyone wants to hear in the group is “Guess who’s back?” after you already called it a day. Returning out of greed and taking a loss that turns your day red isn’t worth it.

News Drivers Today

  • One hour before market open: Unemployment Claims
  • 30 minutes after market open: Existing Home Sales
  • Tomorrow (Friday): Sentiment Friday – Live mental training 30 minutes before market open

White House Event

A bilateral meeting between the Prime Minister of Norway and U.S. officials is scheduled. Potential market reactions may occur during New York lunch hour—an ideal no-trade time for me and possibly for you too.

Market Recap: Wednesday’s Action

Yesterday, I highlighted the 5475 level and said I wouldn’t trade if we opened near it. I took zero trades—because price camped around that level. Later, I suggested a short if we lost the IB low, which played out well (shoutout to Grandpa Roger!).

The "Strong Levels" indicator provided precise setups. A reclaim and retest opportunity performed well using the three-contract system, delivering clean entries and exits.

Today’s Setups & Strategy

This morning, I considered a short but avoided it because bulls have regained control, even though we are still under the bull-bear line. Without a clean backside, it's not worth the risk.

If price returns to the 41 area near the halfback 30-minute break level, I might consider a ladder-back short to explore a gap fill. Bulls are in control, so shorts should be minimal and cautious.

Price Behavior & Red Candles Warning

Red candles are a signal—danger! Yesterday, I wisely skipped trades and avoided going live on YouTube. In the Zoom group, this caution saved traders from losses.

Current Market Structure & Potential Plays

Looking at a 30-minute chart, ES often pops into new zones before chopping. Are we in a new chop zone? Maybe. Staying above key levels favors bulls. However, a revisit to the 42 area may present a short opportunity for a gap fill.

Potential plays today:

  • Short at 42 for gap fill
  • Look for ladder-back longs if the gap is filled
  • Watch VWAP and trendline interactions

Final Notes

This concludes our 10-minute AM Briefing. Set up your trading journal and prepare for a strong day. See you live at the top of the hour.

Stay green, my friends!

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